Arcosa Earnings to Follow Sustainability Report

ACA is due to report earnings on April 29

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Arcosa, Inc. (NYSE:ACA) is a provider of infrastructure-related products and solutions with brands serving construction, engineered structures, and transportation markets. The company serves a broad spectrum of infrastructure-related markets such as the replacement and growth of aging transportation infrastructure, the continued shift to renewable power generation, and the expansion of new transmission, distribution, and telecommunications infrastructure. This morning ACA is trading flat, at $61.58.

On April 19, Arcosa released its official 2020 sustainability report. In this report, ACA highlighted a 56% reduction in Total Recordable Incident Rate (TRIR), as well as reporting a 12% reduction in GHG Emissions Intensity and a 16% reduction in municipal water intensity, among various other topics.

Arcosa also recently announced that it will report its first-quarter earnings on Thursday, April 29. In recent earnings history, ACA has outperformed Wall Street estimates in three of the past four quarterly earnings reports. For the first quarter of 2020, Arcosa beat analyst estimates by a margin of $0.20 and reported an earnings per share (EPS) of $0.71. For the second quarter of 2020, ACA's EPS increased to $0.73 and beat expectations by a margin of $0.13. For the third quarter of 2020, Arcosa posted a decrease in earnings, dropping to $0.68 per share, but still beat estimates by a margin of $0.03. In the most recent quarterly report, Arcosa had an EPS of $0.33 and missed expectations by a margin of $0.08.

Heading into today, analysts are leaning pessimistic. Of the five brokerages in coverage, three sport a "hold" recommendation. In simpler terms, should these bearish bets begin to unwind, a round of upgrades may be in ACA's future.

ACA stock price has increased 54% over the past 12 months and has doubled since bottoming at its May low of $31.03. Shares of Arcosa stock are up about 12% year-to-date but Arcosa stock is trading down 11% from its 52-week high of $68.46. Aiding the shares' long-term climb has been the supportive 80-day moving average. ACA also offers a $0.20 forward dividend, equivalent to a 0.31% dividend yield.

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