There is no way Concrete Pumping Holdings Inc. (BBCP) can keep these numbers up

Concrete Pumping Holdings Inc. (NASDAQ: BBCP) stock jumped 19.51% on Tuesday to $7.78 against a previous-day closing price of $6.51. With 0.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.16 million shares. During the session, the Engineering & Construction company that operates in wider Industrials sector, reached to the highest price of $7.90 whereas the lowest price it dropped to was $6.80. The 52-week range on BBCP shows that it touched its highest point at $8.30 and its lowest point at $4.64 during that stretch. It currently has a 1-year price target of $9.00. Beta for the stock currently stands at 0.96.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BBCP was up-trending over the past week, with a rise of 24.08%, but this was up by 30.32% over a month. Three-month performance surged to 20.06% while six-month performance rose 24.88%. The stock lost -1.39% in the past year, while it has gained 32.99% so far this year. A look at the trailing 12-month EPS for BBCP yields 0.42 with Next year EPS estimates of 0.48. For the next quarter, that number is 0.12. This implies an EPS growth rate of 73.70% for this year and 0.41% for next year.

Float and Shares Shorts:

At present, 54.01 million BBCP shares are outstanding with a float of 26.94 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.7 million, which was 1.24% higher than short shares on Sep 14, 2022. In addition to Mr. Bruce F. Young as the firm’s Pres, CEO & Director, Mr. Iain Humphries serves as its CFO, Sec. & Director.


Institutional Ownership:

Through their ownership of 63.64% of BBCP’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BBCP since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BBCP analysts setting a high price target of $11.00 and a low target of $7.50, the average target price over the next 12 months is $9.17. Based on these targets, BBCP could surge 41.39% to reach the target high and fall by -3.6% to reach the target low. Reaching the average price target will result in a growth of 17.87% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BBCP will report FY 2023 earnings on 01/10/2024. Analysts have provided yearly estimates in a range of $0.61 being high and $0.44 being low. For BBCP, this leads to a yearly average estimate of $0.50. The surprise factor in the prior quarter was $0.12. Based on analyst estimates, the high estimate for the next quarter is $0.08 and the low estimate is $0.02. The average estimate for the next quarter is thus $0.05.

Summary of Insider Activity:

Insiders traded BBCP stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 39,753 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 0 while 97,911 shares were sold.

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