Willdan Group Inc reports results for the quarter ended September 30 - Earnings Summary

Willdan Group Inc reported adjusted earnings of $1.21 per share for the quarter ended September 30, exceeding last year's EPS of 73 cents and analysts' expectations of 83 cents. Revenue fell 40% to $94.97 million, below the expected $86.27 million. The company’s reported EPS was 90 cents, with a net income of $13.72 million. Willdan shares dropped 11.8% this quarter but gained 123.9% year-to-date. Analysts maintain a "buy" rating, with a 12-month price target of $120.00, 28.9% above the last closing price of $85.27.