Infrastructure and Energy Alternatives (IEA) Expected to Post Quarterly Sales of $279.14 Million

Equities analysts expect Infrastructure and Energy Alternatives (NYSE:IEA) to announce sales of $279.14 million for the current quarter, according to Zacks. Two analysts have made estimates for Infrastructure and Energy Alternatives’ earnings, with the lowest sales estimate coming in at $266.00 million and the highest estimate coming in at $292.28 million. The business is expected to announce its next quarterly earnings report on Thursday, February 14th.

On average, analysts expect that Infrastructure and Energy Alternatives will report full year sales of $782.63 million for the current financial year, with estimates ranging from $769.49 million to $795.76 million. For the next financial year, analysts anticipate that the firm will report sales of $1.42 billion, with estimates ranging from $1.37 billion to $1.48 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Infrastructure and Energy Alternatives.

Infrastructure and Energy Alternatives (NYSE:IEA) last posted its quarterly earnings data on Thursday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.34). The company had revenue of $279.28 million during the quarter, compared to the consensus estimate of $288.76 million.

Several research firms recently issued reports on IEA. Zacks Investment Research raised Infrastructure and Energy Alternatives from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Thursday, October 18th. DA Davidson began coverage on Infrastructure and Energy Alternatives in a research note on Thursday, November 1st. They set a “neutral” rating and a $10.50 price objective for the company.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new stake in Infrastructure and Energy Alternatives during the third quarter valued at about $143,000. Rhumbline Advisers purchased a new stake in Infrastructure and Energy Alternatives during the second quarter valued at about $144,000. Meeder Asset Management Inc. raised its position in Infrastructure and Energy Alternatives by 17,744.7% during the third quarter. Meeder Asset Management Inc. now owns 18,380 shares of the company’s stock valued at $193,000 after purchasing an additional 18,277 shares in the last quarter. Bank of America Corp DE purchased a new stake in Infrastructure and Energy Alternatives during the second quarter valued at about $282,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in Infrastructure and Energy Alternatives during the second quarter valued at about $307,000.

NYSE:IEA traded up $0.05 during trading hours on Friday, hitting $8.10. 2,338 shares of the company’s stock traded hands, compared to its average volume of 122,045. Infrastructure and Energy Alternatives has a 52 week low of $7.31 and a 52 week high of $11.27.

About Infrastructure and Energy Alternatives

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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Earnings History and Estimates for Infrastructure and Energy Alternatives (NYSE:IEA)

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