Centuri (NYSE:CTRI) Releases Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Centuri (NYSE:CTRI) issued its quarterly earnings results on Thursday. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.19, FiscalAI reports. Centuri had a net margin of 0.86% and a return on equity of 5.85%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the company posted $0.19 EPS. The company’s revenue was up 40.2% compared to the same quarter last year.

Here are the key takeaways from Centuri’s conference call:

• Centuri reported record Q3 revenue of $1.2 billion, up 40% year over year, and record gross profit of $113 million. Gross margin rose to 9.5% from 7.2% in Q2, with management citing improved productivity from earlier capacity investments and initial benefits from repricing contracts.
• Demand and visibility strengthened, with a $19 billion opportunity pipeline, $4.8 billion in outstanding bids, and $6.2 billion of backlog. Management sees mid-teens revenue growth in 2027, to more than $4.4 billion, and targets gross margins of 8.5%–9% as it pursues higher-margin bid work and continued pricing improvements.
• Centuri raised its full-year 2026 outlook to revenue of $3.8–$3.9 billion, adjusted EBITDA of $290–$300 million, and adjusted net income of $80–$90 million. The outlook assumes no Q4 storm work; management said early-October storm work would be additive.
• Q3 free cash flow was negative $30 million, and the full-year expectation was reduced to $25–$50 million because revenue growth is driving higher working-capital needs. Management characterized the shortfall as timing-related and expects year-end net leverage in the low-2x range, down from 2.6x at quarter-end.
• Management said data centers remain a selective, limited opportunity: Centuri has booked about $370 million of work, with roughly $200 million remaining in backlog, and expects the segment to stay below 10% of annual revenue. It will pursue projects only when scope, funding, permitting, and execution plans are sufficiently clear.

Centuri Price Performance

Shares of CTRI traded up $1.64 during mid-day trading on Friday, reaching $20.29. The stock had a trading volume of 2,988,507 shares, compared to its average volume of 2,240,270. The business has a fifty day moving average of $20.31 and a 200 day moving average of $27.10. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 36.23, a PEG ratio of 0.70 and a beta of 0.94. Centuri has a 12 month low of $18.50 and a 12 month high of $42.99.

Centuri News Summary

Here are the key news stories impacting Centuri this week:

• Positive Sentiment: Centuri reported third-quarter EPS of $0.42, above analysts’ estimates of $0.23, and revenue of $1.19 billion versus expectations of $1.04 billion. Revenue rose 40.2% year over year, and EPS more than doubled from $0.19 a year earlier. Article: Centuri Holdings Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: The company’s FY 2026 revenue guidance of $3.8 billion–$3.9 billion is above the $3.7 billion consensus estimate. Centuri also outlined 2027 revenue above $4.4 billion and a target gross margin of 8.5%–9%, signaling continued growth potential. Article: Centuri Outlines 2027 Revenue and Gross-Margin Targets
• Neutral Sentiment: Wells Fargo lowered its price target from $28 to $24 but maintained an “overweight” rating. The new target still implies 18.3% upside from the cited share price, though the reduction suggests a more cautious valuation view.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CTRI. Bank of America decreased their target price on Centuri from $33.50 to $21.00 and set an “underperform” rating on the stock in a report on Friday, September 4th. Cantor Fitzgerald boosted their price target on Centuri from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Weiss Ratings cut Centuri from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Wall Street Zen downgraded Centuri from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Wells Fargo & Company decreased their price objective on Centuri from $28.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Centuri has an average rating of “Hold” and an average price target of $27.50.

Insider Activity at Centuri

In other news, Director Dustin DeMaria acquired 5,200 shares of the firm’s stock in a transaction dated Friday, September 18th. The shares were purchased at an average cost of $19.27 per share, for a total transaction of $100,204.00. Following the transaction, the director directly owned 12,936 shares of the company’s stock, valued at approximately $249,276.72. This trade represents a 67.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.33% of the stock is owned by insiders.

Centuri Company Profile

Centuri Holdings, Inc is a strategic infrastructure services company that supports the development, maintenance and modernization of energy and utility systems. The company provides construction and related services for natural gas and electric distribution infrastructure, including pipelines, utility networks and other assets used to deliver energy to homes, businesses and communities.

Centuri also serves customers in areas such as electric transmission, renewable energy and broader utility infrastructure.