MYR Group (MYRG) Expected to Announce Earnings on Wednesday

Key Points

• MYR Group is expected to report Q3 2026 results after market close on October 28, with analysts forecasting $2.99 in earnings per share and $1.16 billion in revenue. The earnings call is scheduled for October 29 at 10:00 a.m. ET.
• The company’s previous quarter exceeded expectations, posting $3.17 EPS versus the $2.62 consensus and $1.08 billion in revenue, up 20.1% year over year.
• MYRG shares opened at $274.80, down 3.6%, while analyst sentiment remains “Moderate Buy” with an average price target of $424.80; recent ratings and targets have been mixed.

MYR Group (NASDAQ:MYRG - Get Free Report) is anticipated to post its Q3 2026 results after the market closes on Wednesday, October 28th. Analysts expect the company to post earnings of $2.99 per share and revenue of $1.16 billion for the quarter. Individuals can check the company's upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Thursday, October 29, 2026 at 10:00 AM ET.

MYR Group (NASDAQ:MYRG - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $3.17 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.55. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $995.74 million. MYR Group had a net margin of 4.13% and a return on equity of 24.17%. MYR Group's revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 EPS. On average, analysts expect MYR Group to post $12.43 EPS for the current fiscal year and $14.03 EPS for the next fiscal year.

MYR Group Stock Down 3.6%

Shares of MYRG stock opened at $274.80 on Wednesday. MYR Group has a 52-week low of $190.13 and a 52-week high of $503.57. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 26.07 and a beta of 1.32. The firm's 50-day moving average is $298.14 and its 200-day moving average is $365.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.40.

Analysts Set New Price Targets

Several brokerages have recently commented on MYRG. Zacks Research downgraded MYR Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 2nd. Robert W. Baird set a $375.00 target price on MYR Group in a report on Thursday, July 30th. Weiss Ratings cut MYR Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, September 2nd. Jefferies Financial Group raised MYR Group from a "hold" rating to a "buy" rating and cut their price target for the company from $377.00 to $370.00 in a report on Tuesday, October 6th. Finally, Stifel Nicolaus reduced their price objective on shares of MYR Group from $445.00 to $393.00 and set a "buy" rating for the company in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $424.80.

MYR Group Company Profile

MYR Group Inc is a holding company that operates specialty electrical infrastructure contracting businesses in the United States and Canada. Its companies provide construction, maintenance, repair and emergency restoration services for electric power infrastructure and other complex electrical systems.

MYR Group operates through two primary segments: Transmission and Distribution and Commercial and Industrial. Its transmission and distribution work includes overhead and underground power lines, substations and related utility infrastructure.

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