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

Myr

26/04/2023 23:01

* MYR Group Inc  MYRG.OQ  reported quarterly adjusted
earnings of
$1.38​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for earnings of
$1.01 per share.
    * Revenue rose 27.5% to $811.62 million from a year ago;
analysts
expected $721.21 million. 
    * MYR Group Inc's reported EPS for the quarter was $1.38​.
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * MYR Group Inc shares had fallen by 4.6% this quarter and
gained 30.5% so far this year.
    * The company reported quarterly net income of $23.16
million.
    * Wall Street's median 12-month price target for MYR Group
Inc is
$137.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 26 at 10:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.01           1.38           Beat
 Dec. 31 2022      1.06           1.46           Beat
 Sep. 30 2022      1.21           1.09           Missed
 Jun. 30 2022      1.15           1.15           Met