Infrastructure and Energy Alternatives (IEA) Expected to Announce Earnings of -$0.27 Per Share

Wall Street analysts expect that Infrastructure and Energy Alternatives (NYSE:IEA) will report earnings of ($0.27) per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Infrastructure and Energy Alternatives’ earnings, with the highest EPS estimate coming in at ($0.23) and the lowest estimate coming in at ($0.31). Infrastructure and Energy Alternatives posted earnings of ($0.46) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 41.3%. The firm is expected to announce its next earnings report before the market opens on Friday, May 10th.

On average, analysts expect that Infrastructure and Energy Alternatives will report full-year earnings of $1.16 per share for the current year, with EPS estimates ranging from $0.33 to $1.98. For the next financial year, analysts forecast that the firm will post earnings of $0.86 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Infrastructure and Energy Alternatives.

Infrastructure and Energy Alternatives (NYSE:IEA) last issued its earnings results on Tuesday, March 12th. The company reported ($1.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.96). The business had revenue of $275.86 million for the quarter, compared to analysts’ expectations of $279.14 million.

A number of equities analysts have issued reports on IEA shares. DA Davidson cut their target price on shares of Infrastructure and Energy Alternatives from $10.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, February 20th. Zacks Investment Research lowered shares of Infrastructure and Energy Alternatives from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st.

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in shares of Infrastructure and Energy Alternatives in the first quarter valued at approximately $77,000. Rhumbline Advisers increased its stake in shares of Infrastructure and Energy Alternatives by 47.7% in the fourth quarter. Rhumbline Advisers now owns 23,279 shares of the company’s stock valued at $191,000 after purchasing an additional 7,518 shares during the period. Bank of America Corp DE increased its stake in shares of Infrastructure and Energy Alternatives by 5.8% in the fourth quarter. Bank of America Corp DE now owns 37,003 shares of the company’s stock valued at $304,000 after purchasing an additional 2,031 shares during the period. Geode Capital Management LLC increased its stake in shares of Infrastructure and Energy Alternatives by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 104,229 shares of the company’s stock valued at $853,000 after purchasing an additional 7,705 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Infrastructure and Energy Alternatives by 42.5% in the fourth quarter. Acadian Asset Management LLC now owns 114,024 shares of the company’s stock valued at $932,000 after purchasing an additional 34,012 shares during the period.

NYSE IEA traded up $0.04 during trading hours on Wednesday, reaching $4.48. The company’s stock had a trading volume of 69,958 shares, compared to its average volume of 59,986. Infrastructure and Energy Alternatives has a 52 week low of $4.22 and a 52 week high of $11.27.

Infrastructure and Energy Alternatives Company Profile

Infrastructure and Energy Alternatives, Inc, an infrastructure construction company, provides engineering, procurement, construction, and maintenance services. It offers design, site development, construction, installation, and restoration of infrastructure services for the wind, solar, thermal, and biomass/alternative fuel power plants; and highways, bridges, and railroads, as well as provides other industrial services.

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