Latest news with #MYRGroup
Yahoo
3 days ago
- Business
- Yahoo
Is Algonquin Power & Utilities (AQN) Outperforming Other Utilities Stocks This Year?
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Is Algonquin Power & Utilities (AQN) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Algonquin Power & Utilities is a member of the Utilities sector. This group includes 106 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Algonquin Power & Utilities is currently sporting a Zacks Rank of #2 (Buy). Within the past quarter, the Zacks Consensus Estimate for AQN's full-year earnings has moved 1.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. Our latest available data shows that AQN has returned about 33% since the start of the calendar year. Meanwhile, the Utilities sector has returned an average of 6.9% on a year-to-date basis. This means that Algonquin Power & Utilities is outperforming the sector as a whole this year. MYR Group (MYRG) is another Utilities stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 7.7%. In MYR Group's case, the consensus EPS estimate for the current year increased 17.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy). To break things down more, Algonquin Power & Utilities belongs to the Utility - Electric Power industry, a group that includes 60 individual companies and currently sits at #68 in the Zacks Industry Rank. On average, this group has gained an average of 7% so far this year, meaning that AQN is performing better in terms of year-to-date returns. On the other hand, MYR Group belongs to the Electric Construction industry. This 1-stock industry is currently ranked #3. The industry has moved +7.7% year to date. Investors with an interest in Utilities stocks should continue to track Algonquin Power & Utilities and MYR Group. These stocks will be looking to continue their solid performance. 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 Algonquin Power & Utilities Corp. (AQN) : Free Stock Analysis Report MYR Group, Inc. (MYRG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
08-05-2025
- Business
- Yahoo
1 Momentum Stock Worth Your Attention and 2 to Ignore
Exciting developments are taking place for the stocks in this article. They've all surged ahead of the broader market over the last month as catalysts such as new products and positive media coverage have propelled their returns. But not every company with momentum is a long-term winner, and plenty of investors have lost money betting on short-term fads. All that said, here is one stock with lasting competitive advantages and two that may correct. One-Month Return: +49% Known for mattresses that can be adjusted with regards to firmness, Sleep Number (NASDAQ:SNBR) manufactures and sells its own brand of bedding products such as mattresses, bed frames, and pillows. Why Should You Sell SNBR? Weak same-store sales trends over the past two years suggest there may be few opportunities in its core markets to open new locations Estimated sales decline of 4.6% for the next 12 months implies an even more challenging demand environment Short cash runway increases the probability of a capital raise that dilutes existing shareholders Sleep Number is trading at $7.02 per share, or 1.5x forward EV-to-EBITDA. Check out our free in-depth research report to learn more about why SNBR doesn't pass our bar. One-Month Return: +52.5% Constructing electrical and phone lines in the American Midwest dating back to the 1890s, MYR Group (NASDAQ:MYRG) is a specialty contractor in the electrical construction industry. Why Should You Dump MYRG? Sales pipeline suggests its future revenue growth likely won't meet our standards as its backlog hasn't budged over the past two years Incremental sales over the last five years were much less profitable as its earnings per share fell by 1.9% annually while its revenue grew Waning returns on capital imply its previous profit engines are losing steam MYR Group's stock price of $155.28 implies a valuation ratio of 24.8x forward P/E. Dive into our free research report to see why there are better opportunities than MYRG. One-Month Return: +69% Founded by a Carnegie Mellon computer science professor and his Ph.D. student, Duolingo (NASDAQ:DUOL) is a mobile app helping people learn new languages. Why Should You Buy DUOL? Monthly Active Users have increased by an average of 39.8% annually, giving it the potential for margin-accretive growth if it can develop valuable complementary products and features Performance over the past three years shows its incremental sales were extremely profitable, as its annual earnings per share growth of 196% outpaced its revenue gains Robust free cash flow margin of 34.4% gives it many options for capital deployment, and its improved cash conversion implies it's becoming a less capital-intensive business At $495.55 per share, Duolingo trades at 80.2x forward EV/EBITDA. Is now a good time to buy? See for yourself in our comprehensive research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 175% over the last five years. Stocks that made our list in 2019 include now familiar names such as Nvidia (+2,183% between December 2019 and December 2024) as well as under-the-radar businesses like Comfort Systems (+751% five-year return). Find your next big winner with StockStory today for free. 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
02-05-2025
- Business
- Yahoo
MYR Group First Quarter 2025 Earnings: Beats Expectations
Revenue: US$833.6m (up 2.2% from 1Q 2024). Net income: US$23.3m (up 23% from 1Q 2024). Profit margin: 2.8% (up from 2.3% in 1Q 2024). The increase in margin was driven by higher revenue. EPS: US$1.46 (up from US$1.13 in 1Q 2024). We've discovered 1 warning sign about MYR Group. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Construction industry in the US. Performance of the American Construction industry. The company's shares are up 22% from a week ago. Don't forget that there may still be risks. For instance, we've identified 1 warning sign for MYR Group that you should be aware 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. Sign in to access your portfolio
Yahoo
01-05-2025
- Business
- Yahoo
MYR Group (MYRG) Stock Trades Up, Here Is Why
Shares of electrical construction and infrastructure services provider MYR Group (NASDAQ:MYRG) jumped 18.9% in the afternoon session after the company reported strong first quarter 2025 results which significantly beat analysts' revenue expectations and delivered EPS above Wall Street estimates. Guidance wasn't provided, but the growing backlog, nearly 9% year-on-year, offered a clear signal of steady demand and gave investors some visibility into near-term sales stability. Zooming out, we think this was a good quarter with some key areas of upside. The shares closed the day at $146.84, up 20.6% from previous close. Is now the time to buy MYR Group? Access our full analysis report here, it's free. MYR Group's shares are very volatile and have had 24 moves greater than 5% over the last year. But moves this big are rare even for MYR Group and indicate this news significantly impacted the market's perception of the business. MYR Group is down 0.5% since the beginning of the year, and at $147.10 per share, it is trading 12.5% below its 52-week high of $168.18 from December 2024. Investors who bought $1,000 worth of MYR Group's shares 5 years ago would now be looking at an investment worth $5,288. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Sign in to access your portfolio
Yahoo
29-04-2025
- Business
- Yahoo
Earnings To Watch: MYR Group (MYRG) Reports Q1 Results Tomorrow
Electrical construction and infrastructure services provider MYR Group (NASDAQ:MYRG) will be reporting results tomorrow after the bell. Here's what to expect. MYR Group missed analysts' revenue expectations by 6.6% last quarter, reporting revenues of $829.8 million, down 17.4% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts' EPS estimates but a miss of analysts' backlog estimates. Is MYR Group a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting MYR Group's revenue to decline 2.6% year on year to $794.3 million, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.20 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MYR Group has missed Wall Street's revenue estimates four times over the last two years. Looking at MYR Group's peers in the construction and engineering segment, only Comfort Systems has reported results so far. It beat analysts' revenue estimates by 4.2%, delivering year-on-year sales growth of 19.1%. The stock traded up 5.6% on the results. Read our full analysis of Comfort Systems's earnings results here. Investors in the construction and engineering segment have had fairly steady hands going into earnings, with share prices down 1.3% on average over the last month. MYR Group is up 8.8% during the same time and is heading into earnings with an average analyst price target of $139 (compared to the current share price of $123.03). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Sign in to access your portfolio
