Dycom Industries (DY) came out with quarterly earnings of $3.33 per share, beating the Zacks Consensus Estimate of $2.86 per share. This compares to earnings of $2.46 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +16.43%. A quarter ago, it was expected that this provider of specialty contracting services would post earnings of $1.6 per share when it actually produced earnings of $2.09, delivering a surprise of +30.63%. Over ...

Tutor Perini (TPC) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +386.21%. A quarter ago, it was expected that this construction company would post earnings of $0.06 per share when it actually produced earnings of $0.53, delivering a surprise of +783.33%.Over the last four quarters, ...

Core Viewpoint - The article emphasizes the importance of identifying and sustaining stock price trends for successful short-term investing, highlighting the need for strong fundamentals and positive earnings revisions to maintain momentum. Group 1: Stock Performance - Dycom Industries (DY) has shown a significant price increase of 46.6% over the past 12 weeks, indicating strong investor interest and potential upside [4] - In the last four weeks, DY's price has increased by 7.7%, suggesting that the upward trend is still intact [5] - DY is currently trading at 98.1% of its 52-week high-low range, indicating a potential breakout [6] Group 2: Fundamental Strength - DY holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6] - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7] Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for investors to identify stocks like DY that are on an uptrend supported by strong fundamentals [3] - The article suggests that there are several other stocks passing through the "Recent Price Strength" screen that may also be worth considering for investment [8]

Core Insights - Dycom Industries, Inc. reported strong financial performance in the first quarter of fiscal 2026, with a 10.2% increase in contract revenues compared to the same quarter in the previous year, reaching $1.259 billion [3][4][9] - The company has increased its full-year fiscal 2026 contract revenue outlook, now expecting revenues between $5.290 billion and $5.425 billion, indicating a growth of 12.5% to 15.4% over the prior year [6][8] - A record backlog of $8.127 billion was reported as of April 26, 2025, reflecting the company's strong market position and demand outlook [9] Financial Performance - Contract revenues for the quarter ended April 26, 2025, were $1.259 billion, up from $1.142 billion in the same quarter last year, marking a 10.2% increase [3][19] - Non-GAAP Adjusted EBITDA rose to $150.4 million, representing 11.9% of contract revenues, compared to $130.9 million or 11.5% in the prior year [4][22] - Net income for the quarter was $61.0 million, or $2.09 per diluted share, slightly down from $62.6 million, or $2.12 per diluted share, in the previous year [4][19] Share Repurchase and Outlook - During the first quarter, the company repurchased 200,000 shares for $30.2 million at an average price of $150.93 per share [5][9] - For the second quarter of fiscal 2026, Dycom expects contract revenues between $1.38 billion and $1.43 billion, with Non-GAAP Adjusted EBITDA projected at $185 million to $200 million [8][9]