MYR Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Myr

31/10/2024 02:52

* MYR Group Inc  MYRG.OQ  reported quarterly adjusted
earnings of
65 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of $1.28.  The mean expectation of five analysts for the quarter
was for earnings of 35 cents per share. Wall Street expected
results to range from 15 cents to 73 cents per share.
    * Revenue fell 5.5% to $888.04 million from a year ago;
analysts
expected $917.18 million. 
    * MYR Group Inc's reported EPS for the quarter was 65
cents​.
    * The company reported quarterly net income of $10.65
million.
    * MYR Group Inc shares had risen by 13.9% this quarter and
lost 19.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 70.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"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
131.00 
This summary was machine generated from LSEG data October 31 at
02:51 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
 Sep. 30 2024      0.35           0.65           Beat
 Jun. 30 2024      1.13           -0.91          Missed
 Mar. 31 2024      1.16           1.12           Missed
 Dec. 31 2023      1.50           1.43           Missed