MYR Group Inc expected to post earnings of $1.30 a share - Earnings Preview

Myr

24/10/2023 03:27

* MYR Group Inc  MYRG.OQ   MYRG.O  is expected to show a
rise in
quarterly revenue when it reports  results 
    * The Thornton Colorado-based  company is expected to report
 a
9.7% increase in revenue to $877.48 million from $799.85 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for MYR Group Inc is
for
earnings of $1.30 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for MYR Group
Inc is
$162​, above​ its last closing price of $124.97. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  1.30        1.28       1.33      Beat    3.9
 Mar. 31 2023  1.01        1.01       1.38      Beat    36.3
 Dec. 31 2022  1.08        1.06       1.46      Beat    38.4​
 Sep. 30 2022  1.22        1.21       1.09      Missed  -9.7
 ​​Jun.        1.18        1.15       1.15      Met     0.3
 30 2022                                                
 Mar. 31 2022  1.05        1.06       1.21      Beat    14.4​
 Dec. 31 2021  1.13        1.12       1.20      Beat    6.9
 Sep. 30 2021  1.24        1.19       1.35      Beat    13.4
 This summary was machine generated October 24 at 02:27 GMT.  All
figures in US dollars  unless otherwise stated