Dycom slips on weak profit forecast

Dycom Industries

26/08/2026 13:23

**  Shares of telecommunications contractor Dycom Industries DY.N fall 4% to $338 premarket
** Co forecasts Q3 adj. EPS in the range of $4.33 - $4.79, the midpoint of which is below analysts' estimates of $4.78 - data compiled by LSEG
** Sees FY26 contract revenue between $7.48 bln - $7.66 bln, the midpoint of which is below estimates of $7.62 bln
** Expects communication margins to decline in FY27, citing expansion investments and deferred wireless revenue impacts

    ** Posts Q2 adj. EPS of $5.29 and revenue of $2 bln, both above analysts' estimates
** All 12 brokerages covering stock rate it "buy" or "higher"; median PT is $625 - LSEG data 
** As of last close, stock up 4.1% YTD

(Reporting by Anand Gopal in Bengaluru)
((AnandGopal.R@thomsonreuters.com))