Dycom Industries (DY) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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].