Dycom Industries Earnings: Everything You Must Know Now
Dycom Industries Inc. (NYSE:DY) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Dycom Industries Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 12.82% to $0.44 in the quarter versus EPS of $0.39 in the year-earlier quarter.
Revenue: Rose 50.5% to $478.63 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dycom Industries Inc. reported adjusted EPS income of $0.44 per share. By that measure, the company missed the mean analyst estimate of $0.45. It beat the average revenue estimate of $465.72 million.
Key Stats (on next page)…
Revenue increased 9.43% from $437.37 million in the previous quarter. EPS increased 109.52% from $0.21 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.47 and has not changed. For the current year, the average estimate has moved up from a profit of $1.17 to a profit of $1.18 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)