Q2 EPS Forecast for Dycom Industries Reduced by Analyst

Key Points

• Analysts at Zacks Research have reduced their Q2 2027 EPS forecast for Dycom Industries to $2.79, down from $2.80, while the full-year earnings estimate remains at $7.13 per share.
• Dycom Industries reported strong quarterly earnings with an EPS of $2.09, exceeding expectations, and a revenue growth of 10.2% compared to the same quarter last year.
• Investment firms are optimistic about Dycom Industries, with multiple analysts raising target prices and issuing buy ratings, contributing to a consensus price target of $259.00.

Dycom Industries, Inc. (NYSE:DY - Free Report) - Stock analysts at Zacks Research reduced their Q2 2027 earnings per share (EPS) estimates for shares of Dycom Industries in a report issued on Tuesday, August 12th. Zacks Research analyst R. Department now forecasts that the construction company will earn $2.79 per share for the quarter, down from their prior forecast of $2.80. The consensus estimate for Dycom Industries' current full-year earnings is $7.13 per share. Zacks Research also issued estimates for Dycom Industries' Q3 2027 earnings at $3.30 EPS, Q4 2027 earnings at $1.81 EPS, FY2027 earnings at $9.66 EPS, Q2 2028 earnings at $3.19 EPS and FY2028 earnings at $10.90 EPS.

Dycom Industries (NYSE:DY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The construction company reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.47. Dycom Industries had a return on equity of 20.04% and a net margin of 4.81%. The firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter last year, the firm posted $2.12 earnings per share. The company's revenue for the quarter was up 10.2% compared to the same quarter last year.

A number of other research firms also recently issued reports on DY. KeyCorp raised their target price on Dycom Industries from $255.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. B. Riley lifted their price target on Dycom Industries from $200.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Wells Fargo & Company lifted their price target on Dycom Industries from $215.00 to $250.00 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. DA Davidson lifted their price target on Dycom Industries from $220.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, Raymond James Financial lifted their price target on Dycom Industries from $215.00 to $255.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $259.00.

Dycom Industries Stock Up 1.3%

DY stock opened at $283.55 on Wednesday. Dycom Industries has a twelve month low of $131.37 and a twelve month high of $285.64. The company has a quick ratio of 2.68, a current ratio of 2.89 and a debt-to-equity ratio of 0.80. The stock's 50 day moving average is $251.24 and its 200-day moving average is $200.82. The firm has a market capitalization of $8.20 billion, a PE ratio of 35.87, a P/E/G ratio of 1.57 and a beta of 1.34.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DY. LPL Financial LLC grew its position in Dycom Industries by 15.1% in the fourth quarter. LPL Financial LLC now owns 10,113 shares of the construction company's stock worth $1,760,000 after acquiring an additional 1,326 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Dycom Industries by 5.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,828 shares of the construction company's stock valued at $3,451,000 after buying an additional 938 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Dycom Industries by 6.4% during the fourth quarter. Russell Investments Group Ltd. now owns 21,115 shares of the construction company's stock valued at $3,675,000 after buying an additional 1,263 shares during the period. Federated Hermes Inc. boosted its position in shares of Dycom Industries by 107.0% during the fourth quarter. Federated Hermes Inc. now owns 387 shares of the construction company's stock valued at $67,000 after buying an additional 200 shares during the period. Finally, Cerity Partners LLC boosted its position in shares of Dycom Industries by 19.3% during the fourth quarter. Cerity Partners LLC now owns 2,242 shares of the construction company's stock valued at $417,000 after buying an additional 363 shares during the period. Hedge funds and other institutional investors own 98.33% of the company's stock.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.

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