May. 8 at 7:43 PM
$ROAD "Construction Partners (ROAD) shares are up approximately 5.4% in pre-market trading to
$139.08 today, May 8, 2026, following a massive earnings surprise and raised full-year guidance.
The stock's jump is fueled by an "all-around" beat in its fiscal second-quarter 2026 results.
Reported adjusted earnings of
$0.18 per share, completely defying analyst expectations of a
$0.05 loss per share.
Revenue climbed 34.5% year-over-year to
$769.2 million, significantly ahead of the consensus estimate of
$679.2 million.
The company reached a record-high project backlog of
$3.14 billion, providing strong revenue visibility for the remainder of the year. Management cited favorable weather conditions and disciplined cost pass-throughs for volatile energy prices as key drivers for the improved bottom line.
Wall Street remains bullish, with a "Moderate Buy" consensus and price targets as high as
$142 from firms like Robert W. Baird."
