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

Centuri (NYSE:CTRI) released its earnings results on Thursday. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.23 by $0.19, FiscalAI reports. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Centuri had a return on equity of 5.85% and a net margin of 0.86%. The business’s revenue was up 40.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 EPS.

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

CTRI traded up $1.64 during trading on Friday, hitting $20.29. The company’s stock had a trading volume of 2,988,507 shares, compared to its average volume of 2,240,270. Centuri has a 12 month low of $18.50 and a 12 month high of $42.99. The firm’s 50 day moving average price is $20.31 and its two-hundred day moving average price is $27.10. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 42.56, a price-to-earnings-growth ratio of 0.70 and a beta of 0.94.

Insider Buying and Selling at Centuri

In other news, Director Dustin DeMaria acquired 5,200 shares of Centuri stock in a transaction on Friday, September 18th. The shares were purchased at an average price of $19.27 per share, with a total value of $100,204.00. Following the acquisition, the director owned 12,936 shares in the company, valued at $249,276.72. This represents a 67.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Cantor Fitzgerald lifted their price objective on shares of Centuri from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. dropped their target price on Centuri from $23.00 to $22.00 and set an “underweight” rating on the stock in a research report on Monday, October 19th. Weiss Ratings lowered Centuri from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Wall Street Zen cut Centuri from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Robert W. Baird decreased their price target on shares of Centuri from $33.00 to $26.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 29th. Three equities research 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.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.50.

Key Centuri News

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.

About Centuri

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.