What caused ACA's Q3 2024 EPS to fall below forecasts?

The Q3 2024 EPS of Arcosa Inc (ACA) fell below forecasts due to several key factors:

1. **Revenue Miss**: Although Arcosa achieved revenue of $640.4 million, marking an 8% increase year-over-year, it fell short of the analyst estimate of $682.52 million. This revenue miss could contribute to the lower-than-expected EPS.
2. **Net Income Decline**: The company's net income decreased significantly, reported at $16.6 million, a 53% decrease from the previous year. This substantial decline in net income directly impacts the EPS, as it is calculated by dividing net income by the number of outstanding shares.
3. **Strategic Moves Impact**: Arcosa completed the $1.2 billion Stavola acquisition and divested the steel components business, which may have had an initial negative impact on earnings as the company integrated these changes. Such transactions can be costly and may affect short-term profitability.

In summary, Arcosa's Q3 2024 EPS fell below forecasts due to a combination of revenue missing expectations, a substantial decrease in net income, and the impact of strategic moves.