Concrete Pumping (BBCP) Q3 Results: What Should Investors Anticipate

Concrete Pumping Set to Announce Earnings: What Investors Should Know

Concrete Pumping (NASDAQ:BBCP), a company specializing in concrete and waste management, is scheduled to release its latest earnings results this Tuesday after the market closes. Here’s a breakdown of what to expect.

In the previous quarter, Concrete Pumping surpassed Wall Street’s revenue projections by 3.3%, posting $103.7 million in sales—a 5.4% decrease compared to the same period last year. Despite the year-over-year decline, the company delivered a robust performance, exceeding both revenue and full-year EBITDA forecasts from analysts.

Current Quarter Expectations

Analysts are predicting that Concrete Pumping’s revenue will fall by 7.7% year-over-year to $102.9 million this quarter, mirroring the 7.3% drop seen in the same period last year. Adjusted earnings per share are forecasted to be $0.10.

Concrete Pumping Total Revenue

Over the past month, most analysts have maintained their forecasts, indicating expectations for steady performance as the company approaches its earnings announcement. Notably, Concrete Pumping has missed revenue targets on five occasions in the last two years.

Industry Context and Stock Performance

As the first among its industry peers to report earnings this season, Concrete Pumping’s results will set the tone for the construction and engineering sector. Recently, investor optimism has lifted the segment, with average share prices rising 5.5% over the past month. Concrete Pumping’s stock has gained 2.4% in the same period, and analysts currently have an average price target of $7.75, compared to its latest share price of $7.16.

Spotlight on Share Buybacks

When a company has surplus cash, repurchasing its own shares can be a smart move—provided the valuation is attractive. We’ve identified a promising, undervalued stock that’s generating significant free cash flow and actively buying back shares.