Centuri (CTRI) Set to Announce Quarterly Earnings on November 6

Centuri (NYSE:CTRI) is poised to release its quarterly earnings report before the market opens on Wednesday, November 6th. Analysts anticipate that the company will report earnings of $0.30 per share for the quarter. Investors interested in the company's conference call can register to join using the provided link.

In its previous earnings report on July 29th, Centuri disclosed earnings of $0.20 per share, exceeding analysts' expectations of $0.19 by a narrow margin. During that quarter, the company generated revenue of $672.08 million, which fell short of the anticipated $760.55 million. This marked a 16.6% decline in revenue compared to the same quarter the previous year. For the ongoing fiscal year, analysts expect Centuri to maintain a $0 EPS, while they foresee a jump to $1 EPS in the following fiscal year.

Review of Centuri's Stock Performance

As of Wednesday, Centuri stock opened at $18.21. The company has a debt-to-equity ratio of 1.94, alongside both a quick and current ratio of 2.05. Over the past year, shares have seen a low of $14.47 and a high of $28.65. The fifty-day moving average currently stands at $16.93.

Recent Analyst Ratings

Centuri stock has been the subject of various research analyses recently. JPMorgan Chase downgraded Centuri from a "neutral" rating to an "underweight" rating, revising their price target from $19.00 to $16.00 in a note dated October 7th. Similarly, UBS Group lowered its rating from "buy" to "neutral" and adjusted their price target from $30.00 to $17.00 on July 30th. Wells Fargo also adjusted their price target down from $29.00 to $22.00 while maintaining an "overweight" rating. Additionally, Bank of America decreased their price target from $21.00 to $15.00 and issued an "underperform" rating. Overall, two analysts have given Centuri a sell rating, two have rated it a hold, two have issued a buy rating, and two have awarded it a strong buy rating. Based on MarketBeat data, Centuri currently holds a consensus rating of "Moderate Buy" and a target price of $20.00.

About Centuri Holdings, Inc.

Centuri Holdings, Inc. operates primarily within the utility infrastructure sector in North America. They deliver gas utility services, including maintenance, repair, installation, and replacement for natural gas distribution utilities, focusing on infrastructure modernization. Furthermore, the company also offers electric utility services, which encompass design, maintenance, repair, upgrade, and expansion for both transmission and distribution infrastructure.

Investing Considerations

Before making any investment decisions regarding Centuri, it's essential to stay informed about market trends and company performance. Analysts are continuously reviewing various stocks for potential investment opportunities. It's wise to explore multiple options and consider research from top-rated analysts.

Earnings, Stocks, Investment