ACA - Arcosa: An Upgrade Is In Store As Earnings Near

2024-02-12 09:30:00 ET

Summary

• Arcosa's stock has outperformed the S&P 500 over the past year or so, despite shares not looking the cheapest.
• The company's financial performance has improved, with increased revenue, profits, and cash flows.
• Analysts are cautiously optimistic about Arcosa's upcoming financial results that will be reported on February 22nd, and expect continued growth in key markets.

While it's always disappointing to miss out on attractive upside, sometimes waiting for an opportunity can make sense, if it means that you get the chance to buy up shares at a valuation that is lower than what you would have bought them at previously. An example of this can be seen by looking at Arcosa ( ACA ), a fairly small conglomerate with a market capitalization of $3.90 billion as of this writing. Back in February of 2023, I wrote an article that took a neutral stance on the firm, rating it a 'hold' to reflect my belief that the firm would be unlikely to outperform the broader market for the foreseeable future....

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