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

Myr

02/08/2024 09:57

* MYR Group Inc  MYRG.OQ  reported a quarterly adjusted loss
of 91
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of
$1.33.  The mean expectation of six analysts for the quarter was
for earnings of $1.13 per share. Wall Street expected results to
range from $1.05  to $1.30 per share.
    * Revenue fell 6.7% to $828.89 million from a year ago;
analysts
expected $876.07 million. 
    * MYR Group Inc's reported EPS for the quarter was a loss
of 91
cents​.
    * The company reported a quarterly loss of $15.28 million.
    * MYR Group Inc shares had fallen by 19.7% this quarter and
lost 24.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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." 
    * The average consensus recommendation for the construction
&
engineering peer group is also "buy"

Wall Street's median 12-month price target for MYR Group Inc is
$168.50 
This summary was machine generated from LSEG data August 2 at
08:56 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
 Jun. 30 2024      1.13           -0.91          Missed
 Mar. 31 2024      1.16           1.12           Missed
 Dec. 31 2023      1.50           1.43           Missed
 Sep. 30 2023      1.30           1.28           Missed