North American Construction Group Second Quarter 2024 Earnings: Misses Expectations

North American Construction Group (TSE:NOA) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$276.3m (up 43% from 2Q 2023).
• Net income: CA$14.0m (up 14% from 2Q 2023).
• Profit margin: 5.1% (down from 6.3% in 2Q 2023).
• EPS: CA$0.52 (up from CA$0.46 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

North American Construction Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 47%.

Looking ahead, revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 5.1% decline forecast for the Energy Services industry in Canada.

Performance of the Canadian Energy Services industry.

The company's shares are down 4.6% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for North American Construction Group (1 is a bit concerning) you should be aware of.

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