Latest news with #DycomIndustries
Yahoo
4 days ago
- Business
- Yahoo
Are You Looking for a Top Momentum Pick? Why Dycom Industries (DY) is a Great Choice
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Dycom Industries (DY), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Dycom Industries currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Let's discuss some of the components of the Momentum Style Score for DY that show why this provider of specialty contracting services shows promise as a solid momentum pick. A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For DY, shares are up 5.7% over the past week while the Zacks Building Products - Heavy Construction industry is up 4.21% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 28.97% compares favorably with the industry's 11.31% performance as well. While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Shares of Dycom Industries have increased 56.21% over the past quarter, and have gained 35.71% in the last year. On the other hand, the S&P 500 has only moved 4.9% and 13.46%, respectively. Investors should also pay attention to DY's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. DY is currently averaging 454,062 shares for the last 20 days. The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with DY. Over the past two months, 4 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost DY's consensus estimate, increasing from $9.21 to $9.57 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been 2 downward revisions in the same time period. Given these factors, it shouldn't be surprising that DY is a #1 (Strong Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Dycom Industries on your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dycom Industries, Inc. (DY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
30-05-2025
- Business
- Yahoo
Dycom Industries (NYSE:DY) Strong Profits May Be Masking Some Underlying Issues
The market for Dycom Industries, Inc.'s (NYSE:DY) stock was strong after it released a healthy earnings report last week. However, we think that shareholders should be cautious as we found some worrying factors underlying the profit. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. To properly understand Dycom Industries' profit results, we need to consider the US$29m gain attributed to unusual items. We can't deny that higher profits generally leave us optimistic, but we'd prefer it if the profit were to be sustainable. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. And, after all, that's exactly what the accounting terminology implies. Assuming those unusual items don't show up again in the current year, we'd thus expect profit to be weaker next year (in the absence of business growth, that is). That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. We'd posit that Dycom Industries' statutory earnings aren't a clean read on ongoing productivity, due to the large unusual item. Therefore, it seems possible to us that Dycom Industries' true underlying earnings power is actually less than its statutory profit. But the good news is that its EPS growth over the last three years has been very impressive. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. Every company has risks, and we've spotted 1 warning sign for Dycom Industries you should know about. This note has only looked at a single factor that sheds light on the nature of Dycom Industries' profit. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-05-2025
- Business
- Yahoo
Results: Dycom Industries, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Dycom Industries, Inc. (NYSE:DY) just released its first-quarter report and things are looking bullish. The company beat forecasts, with revenue of US$1.3b, some 5.4% above estimates, and statutory earnings per share (EPS) coming in at US$2.09, 27% ahead of expectations. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. After the latest results, the nine analysts covering Dycom Industries are now predicting revenues of US$5.38b in 2026. If met, this would reflect a solid 12% improvement in revenue compared to the last 12 months. Per-share earnings are expected to leap 20% to US$9.66. Before this earnings report, the analysts had been forecasting revenues of US$5.24b and earnings per share (EPS) of US$9.27 in 2026. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings. See our latest analysis for Dycom Industries With these upgrades, we're not surprised to see that the analysts have lifted their price target 24% to US$261per share. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Dycom Industries at US$300 per share, while the most bearish prices it at US$250. This is a very narrow spread of estimates, implying either that Dycom Industries is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that Dycom Industries' rate of growth is expected to accelerate meaningfully, with the forecast 16% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 9.5% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 7.8% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Dycom Industries to grow faster than the wider industry. The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Dycom Industries following these results. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time. With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Dycom Industries going out to 2028, and you can see them free on our platform here.. We don't want to rain on the parade too much, but we did also find 1 warning sign for Dycom Industries that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Dycom Industries (DY) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Dycom Industries (DY) reported $1.26 billion in revenue for the quarter ended April 2025, representing a year-over-year increase of 10.2%. EPS of $2.09 for the same period compares to $2.12 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.2 billion, representing a surprise of +5.00%. The company delivered an EPS surprise of +30.62%, with the consensus EPS estimate being $1.60. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Dycom Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Backlog: $8.13 billion compared to the $7.47 billion average estimate based on two analysts. Revenue By Customer- Lumen Technologies (CenturyLink): $125.20 million compared to the $151.63 million average estimate based on two analysts. The reported number represents a change of -20.2% year over year. Revenue By Customer- AT&T Inc: $325.10 million compared to the $259.41 million average estimate based on two analysts. The reported number represents a change of +50.9% year over year. View all Key Company Metrics for Dycom Industries here>>>Shares of Dycom Industries have returned +39.4% over the past month versus the Zacks S&P 500 composite's +13.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dycom Industries, Inc. (DY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Dycom Q1 Earnings & Revenues Beat, Backlog Up Y/Y, FY26 View Raised
Dycom Industries Inc. DY reported better-than-expected results for the first quarter of fiscal 2026 (ended April 26). Contract revenues and adjusted earnings surpassed the Zacks Consensus Estimate. On a year-over-year basis, the top line grew while the bottom line stock rose 15.8% during yesterday's trading session after the earnings announcement. The investors' sentiments are likely to have been boosted by an upbeat fiscal second-quarter view and raised fiscal 2026 revenue quarter's performance reflects market demand strength driving the backlog growth, benefits realized from the company's business model and ongoing execution of its strategy. Also, contributions from the acquired businesses added to the DY aims to maintain a disciplined capital allocation strategy, balancing acquisitions, share repurchases and organic expansion. Long-term demand visibility remains strong, with potential upside from federal broadband programs expected in the coming years. Dycom reported adjusted earnings per share (EPS) of $2.09, which topped the Zacks Consensus Estimate of $1.60 by 30.6%. In the year-ago quarter, it reported an adjusted EPS of $2.12. Dycom Industries, Inc. price-consensus-eps-surprise-chart | Dycom Industries, Inc. Quote Contract revenues of $1.259 billion surpassed the consensus mark of $1.199 billion by 5% and grew 10.2% year over year. Contract revenues rose 0.7% on an organic basis. Acquired businesses contributed $111.9 million. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Dycom's largest customer, AT&T, contributed 25.8% to total revenues and grew year over year by 50.9%. Lumen (the second-largest customer) contributed 9.9% to total revenues, which declined 20.2% from last year. Other customers, including Brightspeed, Charter, Comcast, Frontier, Lumen, Verizon and others, contributed 64.2% to the total revenues combined. Adjusted EBITDA increased 14.9% to $150.4 million from a year ago. Adjusted EBITDA margin of 11.9% expanded 40 basis points (bps) from the year-ago backlog as of the fiscal first quarter totaled $8.127 billion compared with $7.760 billion at the fiscal 2025 end and $6.364 billion as of the first quarter of fiscal 2025. Of the current backlog position, $4.685 billion is projected to be completed in the next 12 months. As of April 26, 2025, Dycom had liquidity of $529.6 million, including cash and cash equivalents worth $16.1 million, compared with $92.7 million as of fiscal 2025-end. Long-term debt was $1.018 million as of the fiscal first quarter, up from $933.2 million at the fiscal fiscal 2025, DY repurchased 200,000 shares of its common stock for $30.2 million. Dycom expects contract revenues between $1.38 billion and $1.43 billion for the second quarter of fiscal 2026. This compares with $1.203 billion reported in the year-ago EBITDA is expected to be between $185 million and $200 million, indicating growth from $158.3 million reported last anticipates EPS in the range of $2.74-$3.05, up from $2.46 reported in the year-ago compensation is expected to be $8 million. Net interest expense is expected to be $15.7 million, with the effective tax rate projected to be 26%. Owing to the favorable demand outlook and the upbeat fiscal first-quarter results, Dycom raised its revenue outlook for fiscal 2026. It now expects full-year revenues to be between $5.29 billion and $5.425 billion, reflecting 12.5-15.4% year-over-year growth. Previously, it expected revenues to grow between 10.0% and 13.0%. The forecast does not include storm restoration revenues. Dycom currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks Drainage Systems, Inc. WMS reported dismal results for the fourth quarter of fiscal 2025. Its adjusted earnings and net sales lagged the Zacks Consensus Estimate and tumbled on a year-over-year gloomy quarterly performance reflects unfavorable impacts from higher interest rates and ongoing economic uncertainties. Moreover, adverse winter weather conditions this year against a favorable scenario in the year-ago quarter made comparisons weak, thus adding to the headwinds. Notably, Advanced Drainage Systems' diversified market exposure across the United States, distinctive product mix, material conversion strategy and product innovation strategies position it well for navigating the market Corning OC reported better-than-expected results for first-quarter 2025, wherein adjusted earnings and net sales surpassed the Zacks Consensus Estimate. This marks the 24th consecutive earnings beat for the company. Year over year, the top line grew while the bottom line quarter's performance was attributable to strong commercial and operational execution in mixed markets, including positive price-cost mix. During the quarter, the top line witnessed an uptrend mainly due to strong contributions from the Roofing and Doors segments, somewhat offset by softer performance of the Insulation segment. Despite the several external challenges, Owens Corning will focus on growing its business and profitability through Corp. BLD reported mixed results for the first quarter of 2025, wherein its adjusted earnings topped the Zacks Consensus Estimate and the net sales missed the same. Year over year, both metrics quarterly performance reflects lower sales volume in the Installation segment, mainly due to softened housing demand caused by affordability concerns. However, strength in the Specialty Distribution segment somewhat offset the downward trend during the quarter. TopBuild remains optimistic about its opportunities in the maintenance and repair needs in the commercial and industrial sectors, along with the long-term growth expectations in the residential market. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Drainage Systems, Inc. (WMS) : Free Stock Analysis Report Dycom Industries, Inc. (DY) : Free Stock Analysis Report Owens Corning Inc (OC) : Free Stock Analysis Report TopBuild Corp. (BLD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
