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

Dycom Industries

21/11/2023 14:32

* Dycom Industries Inc  DY.N  reported quarterly adjusted
earnings
of $2.82​​ per share for the quarter ended in October, higher
than the same quarter last year, when the company reported EPS
of $1.80.  The mean expectation of nine analysts for the quarter
was for earnings of $1.78 per share. Wall Street expected
results to range from $1.69  to $1.98 per share.
    * Revenue rose 9% to $1.14 billion from a year ago; analysts
expected $1.07 billion. 
    * Dycom Industries Inc's reported EPS for the quarter was
$2.82​.
    * The company reported quarterly net income of $83.74
million.
    * Dycom Industries Inc shares had fallen by 2.6% this
quarter and
lost 7.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Dycom
Industries
Inc is $124.00 

This summary was machine generated from LSEG data November 21 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2023      1.78           2.82           Beat
 Jul. 31 2023      1.66           2.03           Beat
 Apr. 30 2023      0.70           1.73           Beat
 Jan. 31 2023      0.13           0.83           Beat