Wall Street analysts forecast that Dycom Industries (DY) will report quarterly earnings of $3.15 per share in its upcoming release, pointing to a year-over-year increase of 17.5%. It is anticipated that revenues will amount to $1.4 billion, exhibiting an increase of 10.1% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Dycom Industries metrics that are commonly monitored and projected by Wall Street analysts.
The consensus among analysts is that 'Revenue By Customer- Lumen Technologies (CenturyLink)' will reach $156.53 million. The estimate indicates a year-over-year change of +6.9%.
It is projected by analysts that the 'Revenue By Customer- AT&T Inc' will reach $357.27 million. The estimate indicates a change of +34.5% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Backlog' of $8.52 billion. Compared to the current estimate, the company reported $7.86 billion in the same quarter of the previous year.
View all Key Company Metrics for Dycom Industries here>>>
Shares of Dycom Industries have demonstrated returns of -4.3% over the past month compared to the Zacks S&P 500 composite's +1.4% change. With a Zacks Rank #2 (Buy), DY is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Dycom Industries, Inc. (DY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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