Dycom Industries Earnings: Here’s Why Shares are Up Now
Dycom Industries Inc. (NYSE:DY) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.34%.
Dycom Industries Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 25% to $0.21 in the quarter versus EPS of $0.28 in the year-earlier quarter.
Revenue: Rose 47.71% to $437.37 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dycom Industries Inc. reported adjusted EPS income of $0.21 per share. By that measure, the company beat the mean analyst estimate of $0.17. It beat the average revenue estimate of $410.2 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 18.42% from $369.33 million in the previous quarter. EPS increased 40% from $0.15 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.46 to a profit $0.38. For the current year, the average estimate has moved down from a profit of $1.18 to a profit of $1.06 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)