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

Dycom Industries

21/08/2024 15:21

* Dycom Industries Inc  DY.N  reported quarterly adjusted
earnings
of $2.46​​ per share for the quarter ended in July, higher than
the same quarter last year, when the company reported EPS of
$2.03.  The mean expectation of nine analysts for the quarter
was for earnings of $2.26 per share. Wall Street expected
results to range from $1.70  to $2.44 per share.
    * Revenue rose 15.5% to $1.20 billion from a year ago;
analysts
expected $1.20 billion. 
    * Dycom Industries Inc's reported EPS for the quarter was
$2.32​.
    * The company reported quarterly net income of $68.4
million.
    * Dycom Industries Inc shares had risen by 15.1% this
quarter and
gained 68.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $200.00 
This summary was machine generated from LSEG data August 21 at
02:21 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
 Jul. 31 2024      2.26           2.46           Beat
 Apr. 30 2024      1.51           2.12           Beat
 Jan. 31 2024      0.94           0.79           Missed
 Oct. 31 2023      1.78           2.82           Beat