Wall Street's Insights Into Key Metrics Ahead of Dycom Industries (DY) Q3 Earnings

Core Viewpoint - Analysts forecast Dycom Industries (DY) will report quarterly earnings of $3.15 per share, reflecting a year-over-year increase of 17.5%, with revenues expected to reach $1.4 billion, a 10.1% increase compared to the previous year [1] Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions to stock performance, with empirical research showing a strong correlation between earnings estimate revisions and short-term stock price performance [2] Revenue Projections - Analysts estimate that revenue from Lumen Technologies (CenturyLink) will be $156.53 million, indicating a year-over-year change of +6.9% [4] - Revenue from AT&T Inc is projected to reach $357.27 million, reflecting a significant change of +34.5% from the prior-year quarter [4] Backlog Assessment - The estimated backlog for Dycom Industries is $8.52 billion, an increase from $7.86 billion reported in the same quarter of the previous year [5] Stock Performance - Dycom Industries shares have shown a return of -4.3% over the past month, contrasting with the Zacks S&P 500 composite's +1.4% change, but with a Zacks Rank 2 (Buy), DY is expected to outperform the overall market in the near future [5]