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Cardinal Infrastructure (NASDAQ:CDNL) raises FY2026 sales outlook from $675.000 million-$685.000 million to $880.000 million-$900.000 million vs $715.486 million estimate.
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Cardinal Infrastructure Group, Inc. (NASDAQ:CDNL) ("Cardinal" or the "Company"), announced today that A.L. Grading Contractors (ALGC) has been awarded an approximately $40 million contract to deliver
Stifel analyst Brian Brophy maintains Cardinal Infrastructure (NASDAQ:CDNL) with a Buy and lowers the price target from $63 to $52.
Oppenheimer analyst Brent Thielman maintains Cardinal Infrastructure (NASDAQ:CDNL) with a Outperform and lowers the price target from $80 to $70.
Cardinal Infrastructure Group's stock plummeted 27.78% after reporting mixed Q2 earnings. While the company beat revenue expectations ($226.9M vs. $274.7M estimate) and raised full-year guidance to $880-900M, it missed earnings estimates significantly ($0.26 vs. $0.47 per share). Investor concerns center on contracting margins (16-18% guidance down from 20%+) and decelerating backlog growth (35% vs. 60% YoY), suggesting weakening business quality despite strong headline revenue numbers.