MYR Group (MYRG) Q4 Earnings Beat Estimates

Core Insights - MYR Group (MYRG) reported quarterly earnings of $0.99 per share, significantly exceeding the Zacks Consensus Estimate of$ 0.30 per share, but down from $1.43 per share a year ago, representing an earnings surprise of 230% [1] - The company posted revenues of$ 829.8 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 5.96%, and down from $1 billion year-over-year [2] - MYR shares have declined approximately 18.5% since the beginning of the year, contrasting with the S&P 500's gain of 1.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 1.34 on revenues of $811.3 million, and for the current fiscal year, it is$ 5.57 on revenues of $3.47 billion [7] - The estimate revisions trend for MYR is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Electric Construction industry, to which MYR belongs, is currently ranked in the top 32% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]