Why MYR (MYRG) is Poised to Beat Earnings Estimates Again

Core Viewpoint - MYR Group (MYRG) is positioned to continue its earnings-beat streak, having shown significant surprises in recent earnings reports, particularly in the electric construction industry [1]. Earnings Performance - In the most recent quarter, MYR reported earnings of $0.99 per share, exceeding the expected $0.30 per share, resulting in a surprise of 230% [2]. - For the previous quarter, MYR's earnings were $0.65 per share against an expectation of $0.25 per share, leading to a surprise of 160% [2]. Earnings Estimates and Predictions - Recent estimates for MYR have been increasing, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of another earnings beat [5]. - The current Earnings ESP for MYR is +8.13%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [8]. Zacks Rank and Success Rate - MYR holds a Zacks Rank of 2 (Buy), which, when combined with a positive Earnings ESP, indicates a high probability of beating earnings estimates [8]. - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% success rate in producing positive surprises [6]. Upcoming Earnings Report - The next earnings report for MYR is expected to be released on April 30, 2025 [8].