North American Construction (NOA) Shares Soar 2.80% on Revenue Surge

North American Construction (NOA) shares surged 2.80% today, marking the fourth consecutive day of gains, with a cumulative increase of 9.32% over the past four days. The stock price reached its highest level since March 2025, with an intraday gain of 5.30%.

The strategy of buying NOA shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 7.56% annualized return and a 37.41% peak-to-trough gain. However, it underperformed the market with a 4.44% annualized return and a 28.76% peak-to-trough gain relative to the S&P 500.

North American Construction (NOA) reported quarterly earnings of $0.36 per share, falling short of the Zacks Consensus Estimate of $0.52 per share. This earnings miss could negatively impact investor sentiment and stock price.

North American Construction Group reported Q1 2025 combined revenue of $392 million, representing a 13.3% increase from $346 million in Q1 2024. This revenue growth could positively affect investor sentiment and stock price.

North American Construction Group Ltd. (NOA) announced results for the first quarter ended March 31, 2025, highlighting a significant increase in combined revenue, achieving $391.5 million. This increase in revenue might contribute to a favorable outlook on the stock.