Core Viewpoint - Dycom Industries (DY) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results having a significant impact on its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on August 21, with a consensus EPS estimate of $2.18, reflecting a year-over-year increase of 7.4%. Revenues are projected to reach $1.19 billion, marking a 14.7% increase from the previous year [3][2]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised 2.49% higher, indicating a positive reassessment by analysts regarding the company's earnings prospects [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a positive Earnings ESP of +4.43% for Dycom Industries, suggesting a likelihood of beating the consensus EPS estimate. The company currently holds a Zacks Rank of 2, further supporting this outlook [10]. Historical Performance - In the last reported quarter, Dycom Industries exceeded the expected earnings of $1.39 per share by delivering $2.12, resulting in a surprise of +52.52%. Over the past four quarters, the company has beaten consensus EPS estimates three times [11][12]. Conclusion - Dycom Industries is positioned as a strong candidate for an earnings beat, although investors are advised to consider additional factors beyond earnings expectations when making investment decisions [15].

Core Insights - Dycom Industries, Inc. will host a conference call to discuss its fiscal 2025 second quarter results on August 21, 2024, at 9:00 a.m. ET [1] - A press release detailing the results will be issued earlier that morning [1] Participation Details - Interested parties can register for the question and answer session of the conference call at a provided link, receiving a dial-in number and unique PIN upon registration [2] - Participants are encouraged to join approximately ten minutes before the scheduled start time [2] Webcast Information - A live listen-only audio webcast of the call, along with a slide presentation, will be available at a specified link [3] - A replay of the live webcast and related materials will be accessible on the Company's Investor Center website for approximately 120 days following the event [3] Company Overview - Dycom Industries, Inc. is a leading provider of specialty contracting services in the United States, offering services such as program management, planning, engineering and design, and various construction and maintenance services for telecommunications and utility providers [4]

Below, we take a look at Dycom Industries (DY) , which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. Set to Beat the Market? For DY, shares are up 5.64% over the past week while the Zacks Building Products - Heavy Construction industry is up 4.33% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 8.14% compares favorably wit ...

Group 1: Mid-Cap Stock Opportunities - Identifying the best mid-cap stocks for 2024 is challenging due to potential volatility despite growing revenues and profits [1] - By 2028, several emerging companies are expected to experience significant gains driven by favorable economic and industry trends [2] - A balanced investment approach with effective risk management can enhance portfolio success over the coming years [2] Group 2: Qualys (QLYS) - Qualys is a leading provider of cloud-based security solutions, well-positioned for growth in the cybersecurity sector as global cyber threats rise [3] - The company has a market capitalization of approximately $5 billion and reported a 12% year-over-year revenue increase to $145.8 million in Q1 FY24 [4] - Earnings per share grew 35% year-over-year to $1.05, supported by strong operational execution and a comprehensive suite of offerings [4] Group 3: Dycom Industries (DY) - Dycom Industries provides specialty contract services to the telecommunications industry and is well-positioned to benefit from the demand for high-speed data connectivity and 5G technology [5][6] - The company reported a 9% year-over-year revenue increase to $1.14 billion, with net earnings rising 21% to $62.6 million, or $2.12 per share [7] - Strong demand for high-capacity fiber optic networks is driving robust contracted revenue growth, positioning DY stock for potential gains of 50% or more by 2028 [7] Group 4: Invesco S&P MidCap Momentum ETF (XMMO) - The Invesco S&P MidCap Momentum ETF offers diversified exposure to top mid-cap stocks and has outperformed the S&P 500, rising 29% compared to the S&P 500's 15% increase [8][9] - The ETF focuses on companies with strong price momentum, indicating solid business fundamentals and growth potential [9] - Notable companies within the ETF include Lennox International, Emcor Group, and Elf Beauty, with a relatively low expense ratio of 0.34% [9]

Core Viewpoint - Dycom Industries has reported strong first-quarter fiscal 2025 results, with both revenues and earnings exceeding expectations, but the stock has underperformed the S&P 500 recently [7][8]. Financial Performance - Contract revenues reached $1.14 billion, surpassing the consensus estimate of $1.09 billion by 4.8% and showing a year-over-year growth of 9.3% [3]. - Adjusted earnings per share (EPS) were $2.12, beating the Zacks Consensus Estimate of $1.39 by 52.5% and increasing 22.5% from $1.73 year over year [9]. - Adjusted EBITDA rose 15.3% to $130.9 million, with an adjusted EBITDA margin of 11.5%, expanding 60 basis points from the previous year [11]. Customer Contributions - The largest customer, AT&T, accounted for 21.5% of total revenues, followed by Lumen at 13%, Comcast at 11.5%, Verizon at 9.6%, and Charter at 2.1% [10]. - Charter experienced significant organic growth, increasing by 121.8% year over year [10]. Backlog and Future Outlook - The backlog at the end of the fiscal first quarter was $6.364 billion, down from $6.917 billion at the end of fiscal 2024, with $3.863 billion expected to be completed in the next 12 months [5]. - For the fiscal second quarter, Dycom anticipates contract revenues to grow by high-single digits year over year, including $70 million from acquired contract revenues [13]. Shareholder Actions - The company repurchased 210,000 shares of its common stock for $29.8 million at an average price of $141.84 per share during the fiscal first quarter [19]. Market Sentiment and Estimates - The consensus estimate for Dycom has shifted upward by 13.56%, with an average Growth Score of C and a Momentum Score of A [14][21]. - The stock holds a Zacks Rank of 3 (Hold), indicating an expectation of in-line returns in the coming months [22].

One stock that might be an intriguing choice for investors right now is Dycom Industries, Inc. (DY) . This is because this security in the Building Products - Heavy Construction space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably ta ...

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The Zacks Building Products - Heavy Construction industry is poised to sustain its momentum, driven by a significant infrastructure drive led by the U.S. government. This initiative aims to bolster the nation's roads, bridges and broadband connectivity. Companies in the industry are capitalizing on increased demand across various industries, including communications, power transmission and other infrastructure projects. Despite encountering challenges such as project delays, a competitive labor market and e ...

Synopsis Historical Financial Analysis Author's Chart Profit Margins 14.00% 12.10% 12.00% 9.60% 10.00% 7.80% 8.00% 6.00% 5.20% 3.70% 4.00% 1.60% 2.00% 0.00% Adjusted EBITDA Margin Net Income Margin 2022 = 2023 Over the last three years, DY's contract revenue has been consistently growing. In 2022, it reported contract revenue of $3.1.30 billion. In 2023, contract revenue grew to $3.808 billion. If we exclude $3.9 million in contract revenues from storm restoration services, the contract revenue increase was ...

DY has been riding on a solid backlog level and funding from Federal stimulus bills passed over the past few years. Also, the company is seeing significant opportunities, as some major industry participants are deploying wireline networks to offer bandwidth-enabling 1-gigabit speeds using 5G technologies. A Quick Glance at Estimates & Historical Performance Adding more to the blissfulness, Dycom has a Momentum Score of A, which means the company will continue to outperform its industry in the future. Dycom ...