Arcosa (ACA) possesses solid growth attributes, which could help it handily outperform the market.
Arcosa (ACA) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Arcosa (ACA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ACA bolsters its aggregates-led business through the Stavola acquisition.
For 2Q24, ACA's revenue increased by 13.7%, driven by growth in all three revenue segments. Additionally, its adjusted margins also expanded, driven by market recoveries and business improvements. The acquisition of Stavola is expected to expand its construction products segment. Additionally, it is also expected to increase its revenue, adjusted EBITDA, and adjusted EBITDA margin. ACA also announced its divestiture of its steel component business, which was diluting its overall margins. The proceeds will be used to pay down debt.
Arcosa (ACA) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.76 per share a year ago.
Arcosa (ACA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
ACA, RS and SMFKY made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 6, 2024.
Owens Corning, Armstrong World Industries, Knife River, Arcosa and Frontdoor have been highlighted in this Industry Outlook article.