Aegion Corporation (AEGN) Beats on Q3 Earnings

Zacks

Aegion Corporation AEGN is a diversified building and construction company which provides infrastructure protection, proprietary technologies and facilities. It also offers services related to the rehabilitation and improvement of sewer, water, energy and mining piping systems.

Aegion expects a stronger second half as it is seasonally stronger. Infrastructure Solutions is on track for record revenues and profits in 2015 from strong execution and backlog, which is at a historic high level because of favorable end markets. However, the company will be continue to be affected by low oil and gas prices as 15% to 20% of total revenues come from the upstream energy market.

We have highlighted some of the key stats from this just revealed announcement below:

Estimate Trend & Surprise History

You should note that the earnings estimate revisions for Aegion depicted a neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable over the last 30 days and currently stands at 42 cents for the third quarter.

Aegion has a varied earnings surprise history. Overall, the company posted a positive average earnings surprise of 3.95% in the last four trailing quarters.

Earnings

Aegion posted earnings of 44 cents per share in the third quarter of 2015, beating the Zacks Consensus Estimate of 42 cents. Earnings improved 2.3% year over year. Investors should note that these figures take out special items.

Revenue

Aegion posted revenues of $356.6 million, surpassing the Zacks Consensus Estimate for revenues of $355 million.

Key Stats

Aegion, last month, amended and restated its $650 million credit facility that extends the facility two years through Oct 2020 and offers improved financial flexibility to support acquisitions and share buybacks.

Zacks Rank

Currently, Aegion has a Zacks Rank #3 (Hold), but that could change following Aegion’s earnings report which was just released.

Market Reaction

Aegion’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.

Check back later for our full write up on this Aegion’s earnings report later!

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