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

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Wall Street analysts forecast that Infrastructure and Energy Alternatives (NYSE:IEA) will report earnings of ($0.27) per share for the current quarter, Zacks reports. Two analysts have made estimates for Infrastructure and Energy Alternatives’ earnings, with the lowest EPS estimate coming in at ($0.31) and the highest estimate coming in at ($0.23). Infrastructure and Energy Alternatives posted earnings per share of ($0.46) in the same quarter last year, which would indicate a positive year over year growth rate of 41.3%. The company is scheduled to report its next quarterly earnings report on Thursday, May 9th.

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

Infrastructure and Energy Alternatives (NYSE:IEA) last announced its quarterly earnings results on Tuesday, March 12th. The company reported ($1.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.96). The company had revenue of $275.86 million for the quarter, compared to analyst estimates of $279.14 million.

Several equities research analysts have recently issued reports on the stock. 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. DA Davidson cut their price target on shares of Infrastructure and Energy Alternatives from $10.00 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, February 20th.

Shares of Infrastructure and Energy Alternatives stock traded up $0.20 during mid-day trading on Monday, hitting $5.04. 195,500 shares of the stock were exchanged, compared to its average volume of 54,603. Infrastructure and Energy Alternatives has a 12 month low of $4.38 and a 12 month high of $11.27.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royce & Associates LP grew its holdings in Infrastructure and Energy Alternatives by 15.9% in the fourth quarter. Royce & Associates LP now owns 875,100 shares of the company’s stock worth $7,167,000 after purchasing an additional 120,100 shares during the period. Vanguard Group Inc lifted its stake in shares of Infrastructure and Energy Alternatives by 36.6% in the third quarter. Vanguard Group Inc now owns 499,605 shares of the company’s stock worth $5,245,000 after buying an additional 133,763 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Infrastructure and Energy Alternatives by 36.6% in the third quarter. Vanguard Group Inc. now owns 499,605 shares of the company’s stock worth $5,245,000 after buying an additional 133,763 shares in the last quarter. Perritt Capital Management Inc. lifted its stake in shares of Infrastructure and Energy Alternatives by 44.1% in the fourth quarter. Perritt Capital Management Inc. now owns 307,839 shares of the company’s stock worth $2,521,000 after buying an additional 94,139 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Infrastructure and Energy Alternatives by 131.0% during the third quarter. Renaissance Technologies LLC now owns 238,423 shares of the company’s stock valued at $2,503,000 after purchasing an additional 135,200 shares during the period.

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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