Zacks: Brokerages Anticipate Infrastructure and Energy Alternatives (IEA) to Post $0.09 Earnings Per Share

Brokerages expect Infrastructure and Energy Alternatives (NASDAQ:IEA) to announce $0.09 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Infrastructure and Energy Alternatives’ earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.16. Infrastructure and Energy Alternatives reported earnings of $0.14 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 35.7%. The business is expected to issue its next earnings results on Thursday, August 8th.

On average, analysts expect that Infrastructure and Energy Alternatives will report full year earnings of $0.92 per share for the current financial year, with EPS estimates ranging from ($0.14) to $1.98. For the next year, analysts anticipate that the firm will post earnings of $0.37 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Infrastructure and Energy Alternatives.

Infrastructure and Energy Alternatives (NASDAQ:IEA) last announced its quarterly earnings results on Friday, May 10th. The company reported ($0.94) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.67). The business had revenue of $190.81 million during the quarter, compared to analysts’ expectations of $144.30 million.

Several equities analysts have recently commented on the company. Zacks Investment Research raised Infrastructure and Energy Alternatives from a “strong sell” rating to a “hold” rating and set a $5.00 target price on the stock in a research report on Wednesday, May 15th. DA Davidson decreased their target price on Infrastructure and Energy Alternatives from $10.00 to $7.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 20th.

NASDAQ IEA traded up $0.31 during trading on Friday, reaching $3.31. 1,480 shares of the company’s stock were exchanged, compared to its average volume of 64,546. Infrastructure and Energy Alternatives has a fifty-two week low of $2.94 and a fifty-two week high of $11.27.

Infrastructure and Energy Alternatives Company Profile

Infrastructure and Energy Alternatives, Inc, a diversified infrastructure construction company, provides engineering, procurement, and construction services for the renewable energy, traditional power, and civil infrastructure industries in the United States. It offers design, site development, construction, installation, and restoration of infrastructure services.

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