Dycom Industries hits over 6-month high on upbeat Q3 results

Dycom Industries

23/11/2021 19:06

** Shares in construction and engineering firm  DY.N  up
14.9% to $95.98 - highest level since May 12
    ** Co's Q3 adjusted EPS of $0.85 and rev of $853.97 mln
beats Refinitiv estimates of $0.69 and rev of $814.79 mln
 urn:newsml:reuters.com:*:nGNXb1LGPd
    ** For Q4, DY expects rev to increase modestly as compared
to adj organic rev of $691.8 mln in last year; forecasts adj
EBITDA to range from in-line to modestly higher as a percentage
of revenues y-o-y
    ** DY beats adj EPS estimates after missing it for
three-straight qtrs, per Refinitiv data
    ** About 1.5 mln shares of Palm Beach Gardens, Florida-based
co have traded so far today, ~464.1% of their 30-DMA volume
    ** All seven brokerages covering stock rate it "buy" or
higher; their median PT is $104 - Refinitiv data
    ** As of last close, stock had risen ~10.6% YTD

 (Reporting by Devik Jain in Bengaluru)
 ((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))