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MYR Group (MYRG) Q3 Earnings and Revenues Surpass Estimates
ZACKSยท 2025-10-29 22:56
Core Insights - MYR Group (MYRG) reported quarterly earnings of $2.05 per share, exceeding the Zacks Consensus Estimate of $1.82 per share, and showing significant growth from $0.65 per share a year ago, resulting in an earnings surprise of +12.64% [1] - The company achieved revenues of $950.4 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 3.84% and increasing from $888.04 million year-over-year [2] - MYR shares have increased approximately 46.7% year-to-date, outperforming the S&P 500's gain of 17.2% [3] Earnings Outlook - The future performance of MYR's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is $1.76 on revenues of $880.67 million, and for the current fiscal year, it is $6.72 on revenues of $3.53 billion [7] Industry Context - The Electric Construction industry, to which MYR belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]