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 ...

Finding the best mid-cap stocks to buy in 2024 is no walk in the park. While these promising companies often have growing revenues and profits, that does not always last. Moreover, even if the stocks are above a certain market capitalization threshold that won't always translate into less volatility. As we look ahead to 2028, there exists several up and coming companies poised for significant gains. This will be a result of secular tailwinds in the economy and favorable industry trends to drive growth. For ...

Will the recent negative trend continue leading up to its next earnings release, or is Dycom Industries due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Notably, in May, the company acquired a telecommunications construction contractor that will expand its geographic footprint in Alaska. Contract revenues of $1.14 million surpassed the consensus mark ...

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 ...

Investors might want to bet on Dycom Industries (DY) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The upward trend in estimate revisions for this provider of specialty contracting services reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows ...

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 momen ...