Dycom Industries Inc reports results for the quarter ended in April - Earnings Summary

Dycom Industries

22/05/2024 18:03

* Dycom Industries Inc  DY.N  reported quarterly adjusted
earnings
of $2.12​​ per share for the quarter ended in April, higher than
the same quarter last year, when the company reported EPS of
$1.73.  The mean expectation of nine analysts for the quarter
was for earnings of $1.51 per share. Wall Street expected
results to range from 74 cents to $1.80 per share.
    * Revenue rose 9.3% to $1.14 billion from a year ago;
analysts
expected $1.09 billion. 
    * Dycom Industries Inc's reported EPS for the quarter was
$2.12​.
    * The company reported quarterly net income of $62.55
million.
    * Dycom Industries Inc shares had risen by 7.6% this
quarter and
gained 34.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
&
engineering peer group is also "buy"

Wall Street's median 12-month price target for Dycom Industries
Inc is $172.00 
This summary was machine generated from LSEG data May 22 at
05:03 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      1.51           2.12           Beat
 Jan. 31 2024      0.94           0.79           Missed
 Oct. 31 2023      1.78           2.82           Beat
 Jul. 31 2023      1.66           2.03           Beat