Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characte ...

分组1 - Dycom Industries reported quarterly earnings of $3.33 per share, exceeding the Zacks Consensus Estimate of $2.86 per share, and up from $2.46 per share a year ago, representing an earnings surprise of +16.43% [1] - The company posted revenues of $1.38 billion for the quarter ended July 2025, which was 1.3% below the Zacks Consensus Estimate, but an increase from $1.2 billion year-over-year [2] - Dycom Industries has surpassed consensus EPS estimates in all four of the last quarters and has topped consensus revenue estimates three times during the same period [2] 分组2 - The stock has gained approximately 54.9% since the beginning of the year, significantly outperforming the S&P 500's gain of 9% [3] - The current consensus EPS estimate for the upcoming quarter is $3.02 on revenues of $1.46 billion, and for the current fiscal year, it is $9.55 on revenues of $5.35 billion [7] - The Building Products - Heavy Construction industry, to which Dycom belongs, is currently ranked in the top 1% of over 250 Zacks industries, indicating strong performance potential [8]

Core Viewpoint - Tutor Perini (TPC) reported strong quarterly earnings, significantly exceeding expectations, indicating robust performance in the construction sector [1][2]. Financial Performance - The company achieved earnings of $1.41 per share, surpassing the Zacks Consensus Estimate of $0.29 per share, and showing an increase from $0.19 per share a year ago, resulting in an earnings surprise of +386.21% [1]. - Revenues for the quarter reached $1.37 billion, exceeding the Zacks Consensus Estimate by 11.55%, and up from $1.13 billion in the same quarter last year [2]. - Over the last four quarters, Tutor Perini has surpassed consensus EPS estimates two times and topped revenue estimates twice [2]. Stock Performance - Tutor Perini shares have increased approximately 96.9% since the beginning of the year, significantly outperforming the S&P 500's gain of 7.1% [3]. - The stock's immediate price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.42 on revenues of $1.31 billion, and for the current fiscal year, it is $1.74 on revenues of $5.13 billion [7]. - The estimate revisions trend prior to the earnings release was unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6]. Industry Context - The Building Products - Heavy Construction industry, to which Tutor Perini belongs, is currently ranked in the top 7% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]. - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5].

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]