MYR Group Inc expected to post earnings of $1.50 a share - Earnings Preview

Myr

27/02/2024 02:48

* MYR Group Inc  MYRG.OQ   MYRG.O  is expected to show a
rise in
quarterly revenue when it reports  results on February 28 for
the period ending December 31 2023
    * The Thornton Colorado-based  company is expected to report
a
4.7% increase in revenue to $904.756 million from $863.96
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for MYR Group Inc is for
earnings
of $1.50 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"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
$166.50​, above​ its last closing price of $163.87. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.31        1.30       1.28      Missed  -1.8
 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.        1.22        1.21       1.09      Missed  -9.7
 30 2022                                                
 Jun. 30 2022  1.18        1.15       1.15      Met     0.3​
 Mar. 31 2022  1.05        1.06       1.21      Beat    14.4
 Dec. 31 2021  1.13        1.12       1.20      Beat    6.9
 This summary was machine generated February 27 at 02:47 GMT. 
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)