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Dycom Industries Q1 Earnings and Revenues Beat Estimates

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Dycom Industries (NYSE: DY) came out with quarterly earnings of $2.12 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.73 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 52.52%. A quarter ago, it was expected that this provider of specialty contracting services would post earnings of $0.91 per share when it actually produced earnings of $0.79, delivering a surprise of -13.19%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Dycom Industries, which belongs to the Zacks Building Products – Heavy Construction industry, posted revenues of $1.14 billion for the quarter ended April 2024, surpassing the Zacks Consensus Estimate by 4.84%. This compares to year-ago revenues of $1.05 billion. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the …

Full story available on Benzinga.com

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