Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, June 9th:Dycom Industries, Inc. (DY) : This company that provides specialty contracting services to the telecommunications sector has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.9% over the last 60 days.Dycom’s shares gained 77.8% over the last three months compared with the S&P 500’s advance of 6.9%. The company possesses a Momentum Score  of A.P ...

Company Overview - Dycom Industries, Inc. is a leading provider of specialty contracting services to the telecommunications infrastructure and utility industries across the United States [2] - The services offered by Dycom include program management, planning, engineering and design, aerial, underground, and wireless construction, maintenance, and fulfillment services for telecommunications providers [2] - Additionally, Dycom provides underground facility locating services for various utilities, including telecommunications providers, as well as construction and maintenance services for electric and gas utilities [2] Recent Developments - Dycom Industries announced its participation in the KeyBanc Industrial & Basic Materials Conference in Boston, MA on May 28, 2025, where senior management will engage in one-on-one and group meetings with investors [1]

(All metrics compared to the first quarter of fiscal 2025) WEST PALM BEACH, Fla., May 21, 2025 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY) announced today its results for the first quarter ended April 26, 2025. First Quarter Highlights "Dycom had a strong start to fiscal 2026 with continued progress against our goals, excellent financial and operational performance, and a record backlog. Based on our first quarter results and a favorable demand outlook, we are increasing our full year fiscal 2026 ...

Core Viewpoint - Dycom Industries, Inc. is expected to report its first-quarter fiscal 2026 results, with earnings anticipated to show a year-over-year decline despite revenue growth driven by ongoing projects and demand for network bandwidth [1][2][3]. Earnings & Revenue Expectations - The Zacks Consensus Estimate for Dycom's fiscal first-quarter earnings per share (EPS) is stable at $1.60, reflecting a 24.5% decrease year-over-year [2]. - Revenue is estimated at $1.20 billion, indicating a 4.9% year-over-year rise [2]. Factors Influencing Performance - Revenue growth is expected to be driven by fiber-to-the-home deployments, long-haul fiber projects, and wireless equipment upgrades, alongside improved demand from top customers [3]. - Contract revenues are projected to be between $1.16 billion and $1.20 billion, up from $1.14 billion in the prior year [4]. Segment Performance - The Telecommunications segment is expected to generate $1 billion in revenue, a 5.1% increase from the previous year [5]. - The Underground Facility unit's revenues are projected at $86.3 million, up 6.5% year-over-year [5]. Backlog and Challenges - A backlog of $7.28 billion is anticipated, down from $6.36 billion reported in the prior year [6]. - Challenges such as labor shortages and increased costs, particularly due to fluctuations in oil prices, are expected to impact performance [7]. Earnings Guidance - Dycom anticipates diluted EPS in the range of $1.50-$1.73 for the fiscal first quarter, compared to $2.12 in the prior year [7]. - The adjusted EBITDA margin is projected at 11.1%, down from 11.5% reported a year ago [7]. Earnings Prediction Model - The current model does not predict an earnings beat for Dycom, with an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold) [8][9].

WEST PALM BEACH, Fla., May 09, 2025 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY) will host a conference call to discuss fiscal 2026 first quarter results on Wednesday, May 21, 2025, at 9:00 a.m. ET. Dycom will issue a press release reporting its results earlier that morning. Interested parties may participate in the question and answer session of the conference call by registering at https://register-conf.media-server.com/register/BId9b71fb44ee4418c989bfb1e2a716abe. Upon registration, participants ...

Market Overview - The S&P 500 is experiencing its longest winning streak since 2004, achieving a nine-day winning streak with a gain of 10.2%, erasing losses from the early April downturn triggered by tariff announcements [1][9] - SPDR S&P 500 ETF Trust (SPY) has gained 7.6% over the past nine days, with notable contributions from stocks such as Palantir Technologies Inc. (PLTR), Netflix (NFLX), Quanta Services Inc. (PWR), GE Vernova (GEV), and DexCom Inc. (DXCM) [2][9] Key Drivers - Easing trade tensions between the U.S. and China, with indications of renewed negotiations on tariffs, have positively influenced market sentiment [3] - Strong quarterly earnings from major tech companies like Microsoft (MSFT) and Meta Platforms (META) have bolstered optimism in the tech sector, highlighting robust demand for AI amidst economic uncertainties [4] - A positive jobs report for April showed the U.S. economy added 177,000 jobs, with the unemployment rate steady at 4.2%, indicating resilience in the labor market [5] SPY Fund Details - SPDR S&P 500 ETF Trust holds 503 stocks, with no single stock exceeding 7% of total assets, ensuring a balanced portfolio across sectors [6] - The fund has an assets under management (AUM) of $569 billion and charges an annual fee of 9 basis points, with an average daily trading volume of 104 million shares [7] Best-Performing Stocks - Palantir Technologies (PLTR) has surged approximately 42% over the past month, with an estimated earnings growth rate of 34.1% for the year [10] - Netflix (NFLX) has increased by 23.6% in the same period, with a solid earnings estimate revision and an estimated growth of 27.74% [11] - Quanta Services (PWR) has gained 21.4% over the month, with an estimated earnings growth rate of 13.82% despite a slight negative revision [12] - GE Vernova (GEV) climbed 19.8%, supported by a significant earnings estimate revision and an estimated growth of 28.67% [13] - DexCom (DXCM) also rose 19.8%, with an estimated earnings growth rate of 23.17% despite a minor negative revision [14]

WEST PALM BEACH, Fla., April 30, 2025 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY) today announced the release of its Fiscal 2025 Corporate Sustainability Report, which outlines the Company’s sustainability strategy, outcomes, and progress. The report highlights Dycom’s critical role in building and maintaining America’s telecommunications and digital infrastructure as The People Connecting America® and reflects its ongoing commitment to transparency and enhanced sustainability disclosure that is m ...