U.S. Concrete (USCR) closed at USD 73.89 in the last trading session, an increase of -0.7% from the previous day. That change lagged the S&P 500’s 1.13% gain for the day.
Today, the concrete and aggregates manufacturer’s shares were up 0.24% over the past month. At the same time, the construction sector lost 4.16% while the S&P 500 gained 2.39%.
Wall Street will look to the USCR for positivity as it nears its next earnings report date. In this report, analysts expect USCR to post earnings of $ 0.69 per share. This would mean a growth of 40.82% compared to the previous year. Meanwhile, the Zacks Consensus Estimate is forecasting net sales of $ 342.33 million, up 6.08% from the same period last year.
For the full year, our Zacks Consensus Estimates suggest that analysts expect earnings of $ 2.54 per share and revenue of $ 1.4 billion. These sums would mean a change of + 19.25% and + 2.48%, respectively, compared to the previous year.
It is also important to note the recent changes in analyst estimates for USCR. Most recent revisions usually reflect the latest short-term business trends. Hence, we can interpret positive valuation revisions as a good sign of the company’s business outlook.
Research has shown that these estimate revisions correlate directly with short-term stock price dynamics. Investors can take advantage of this by using the Zacks rank. This model takes these changes in estimates into account and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from # 1 (Strong Buy) to # 5 (Strong Sell), has an impressive, externally audited track record of outperformance, with # 1 stocks posting an average annual return of + 25% since 1988 Zack’s Consensus EPS estimate remained flat over the past month. USCR currently has a Zacks rank of # 3 (Hold).
Taking valuation into account, USCR currently has a forward P / E of 29.33. For comparison, the industry has an average forward P / E of 16.04, which means USCR is trading at a premium to the group.
The construction products – concrete and aggregates industry is part of the construction sector. This group has a Zacks industry ranking of 44, making it one of the top 18% of all over 250 industries.
The Zacks Industry Rank is a best-to-worst ranking based on the average Zacks rank of each company in each of those sectors. Our research shows that the top-rated 50% of industries outperform the bottom half by a factor of 2 to 1.
To keep track of USCR in the upcoming trading sessions, be sure to use Zacks.com.
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