What is Zacks Research's Forecast for DY Q2 Earnings?

Dycom Industries, Inc. (NYSE:DY - Free Report) - Research analysts at Zacks Research issued their Q2 2026 EPS estimates for Dycom Industries in a report released on Wednesday, June 11th. Zacks Research analyst R. Department expects that the construction company will post earnings per share of $2.76 for the quarter. The consensus estimate for Dycom Industries' current full-year earnings is $7.13 per share. Zacks Research also issued estimates for Dycom Industries' Q3 2026 earnings at $3.01 EPS, Q4 2026 earnings at $1.65 EPS, FY2026 earnings at $9.51 EPS, Q1 2027 earnings at $1.77 EPS, Q2 2027 earnings at $3.02 EPS, Q3 2027 earnings at $3.52 EPS, Q4 2027 earnings at $1.97 EPS, FY2027 earnings at $10.28 EPS, Q1 2028 earnings at $2.02 EPS and FY2028 earnings at $12.06 EPS.

Dycom Industries (NYSE:DY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The construction company reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.47. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. Dycom Industries had a net margin of 4.91% and a return on equity of 20.99%. The company's revenue was up 10.2% on a year-over-year basis. During the same period last year, the business earned $2.12 EPS.

Other equities research analysts have also issued research reports about the company. B. Riley raised their target price on Dycom Industries from $200.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Wells Fargo & Company raised their price objective on shares of Dycom Industries from $215.00 to $250.00 and gave the stock an "overweight" rating in a report on Tuesday, May 27th. UBS Group boosted their price objective on shares of Dycom Industries from $234.00 to $258.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. increased their target price on shares of Dycom Industries from $200.00 to $250.00 and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Finally, Raymond James boosted their price target on shares of Dycom Industries from $215.00 to $255.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 22nd. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $241.25.

Dycom Industries Stock Down 1.2%

Shares of NYSE DY opened at $232.69 on Monday. The business has a 50-day moving average of $192.46 and a two-hundred day moving average of $179.73. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 30.62, a price-to-earnings-growth ratio of 1.29 and a beta of 1.32. Dycom Industries has a 1 year low of $131.37 and a 1 year high of $243.38. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 2.93.

Dycom Industries announced that its board has approved a stock buyback program on Wednesday, February 26th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the construction company to buy up to 3.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Alyeska Investment Group L.P. purchased a new position in shares of Dycom Industries in the 4th quarter valued at approximately $80,584,000. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Dycom Industries by 851.6% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 475,637 shares of the construction company's stock worth $72,459,000 after purchasing an additional 425,652 shares during the period. Norges Bank purchased a new position in Dycom Industries in the 4th quarter valued at $55,802,000. Assenagon Asset Management S.A. increased its stake in Dycom Industries by 327.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 399,226 shares of the construction company's stock valued at $60,818,000 after buying an additional 305,755 shares during the period. Finally, First Trust Advisors LP increased its stake in Dycom Industries by 142.9% in the 4th quarter. First Trust Advisors LP now owns 496,407 shares of the construction company's stock valued at $86,405,000 after buying an additional 292,050 shares during the period. 98.33% of the stock is owned by hedge funds and other institutional investors.

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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