MYR Group (MYRG) Q1 Earnings and Revenues Surpass Estimates

Core Viewpoint - MYR Group (MYRG) reported quarterly earnings of $1.45 per share, exceeding the Zacks Consensus Estimate of $1.23 per share, and showing an increase from $1.12 per share a year ago, indicating a 17.89% earnings surprise [1][2] Financial Performance - MYR posted revenues of $833.62 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 7.16%, compared to $815.56 million in the same quarter last year [2] - Over the last four quarters, the company has exceeded consensus EPS estimates three times and topped revenue estimates once [2] Stock Performance - MYR shares have declined approximately 15.6% since the beginning of the year, while the S&P 500 has decreased by 5.5% [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.58 on revenues of $826.3 million, and for the current fiscal year, it is $6.22 on revenues of $3.43 billion [7] - The estimate revisions trend for MYR is currently favorable, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Electric Construction industry, to which MYR belongs, is currently ranked in the top 2% of over 250 Zacks industries, suggesting strong performance potential [8]