MYR Group Inc reports results for the quarter ended in December - Earnings Summary

Myr

29/02/2024 24:45

* MYR Group Inc  MYRG.OQ  reported quarterly adjusted
earnings of
$1.43​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$1.46.  The mean expectation of six analysts for the quarter was
for earnings of $1.50 per share. Wall Street expected results to
range from $1.41  to $1.57 per share.
    * Revenue rose 16.2% to $1.00 billion from a year ago;
analysts
expected $904.76 million. 
    * MYR Group Inc's reported EPS for the quarter was $1.43​.
    * The company reported quarterly net income of $24.04
million.
    * MYR Group Inc shares had risen by 15.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
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 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for MYR Group
Inc is
$166.50 

This summary was machine generated from LSEG data February 29 at
12:44 a.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
 Dec. 31 2023      1.50           1.43           Missed
 Sep. 30 2023      1.30           1.28           Missed
 Jun. 30 2023      1.28           1.33           Beat
 Mar. 31 2023      1.01           1.38           Beat