Zacks Research Has Negative Estimate for DY FY2026 Earnings

Key Points

• Zacks Research has lowered its FY2026 earnings per share (EPS) estimate for Dycom Industries from $9.51 to $9.48, while the current consensus estimate stands at $7.13 EPS.
• Dycom Industries' stock price recently fell by 1.5%, reaching $269.94, despite a recent earnings report beating consensus estimates with $2.09 EPS for the last quarter.
• Multiple analysts have issued mixed ratings on Dycom Industries, with a majority rating the stock as a "buy" but Wall Street Zen changing its rating to "hold."

Dycom Industries, Inc. (NYSE:DY - Free Report) - Stock analysts at Zacks Research lowered their FY2026 earnings estimates for Dycom Industries in a research report issued on Tuesday, August 12th. Zacks Research analyst R. Department now forecasts that the construction company will post earnings of $9.48 per share for the year, down from their prior forecast of $9.51. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Dycom Industries' current full-year earnings is $7.13 per share. Zacks Research also issued estimates for Dycom Industries' Q4 2026 earnings at $1.62 EPS and Q1 2028 earnings at $2.03 EPS.

Dycom Industries (NYSE:DY - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The construction company reported $2.09 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $1.19 billion. During the same quarter last year, the business posted $2.12 EPS. Dycom Industries's revenue was up 10.2% on a year-over-year basis.

DY has been the subject of a number of other reports. JPMorgan Chase & Co. upped their price target on Dycom Industries from $200.00 to $250.00 and gave the stock an "overweight" rating in a report on Thursday, May 22nd. DA Davidson raised their price target on Dycom Industries from $220.00 to $265.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Raymond James Financial increased their target price on Dycom Industries from $215.00 to $255.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 22nd. B. Riley raised their price target on Dycom Industries from $200.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, Wells Fargo & Company lifted their target price on Dycom Industries from $215.00 to $250.00 and gave the company an "overweight" rating in a research report on Tuesday, May 27th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Dycom Industries has an average rating of "Moderate Buy" and an average target price of $259.00.

Dycom Industries Stock Down 0.2%

NYSE:DY traded down $0.51 on Thursday, hitting $267.45. 524,248 shares of the company's stock traded hands, compared to its average volume of 313,078. The company has a market cap of $7.73 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 1.54 and a beta of 1.34. The firm has a 50-day moving average price of $253.10 and a 200-day moving average price of $202.79. Dycom Industries has a 1 year low of $131.37 and a 1 year high of $285.64. The company has a current ratio of 2.89, a quick ratio of 2.68 and a debt-to-equity ratio of 0.80.

Institutional Investors Weigh In On Dycom Industries

Several large investors have recently added to or reduced their stakes in the business. Archer Investment Corp boosted its stake in Dycom Industries by 6.2% during the 2nd quarter. Archer Investment Corp now owns 690 shares of the construction company's stock valued at $169,000 after purchasing an additional 40 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Dycom Industries by 1.0% in the second quarter. Quadrant Capital Group LLC now owns 4,492 shares of the construction company's stock valued at $1,098,000 after acquiring an additional 46 shares in the last quarter. Profund Advisors LLC increased its holdings in shares of Dycom Industries by 4.5% in the second quarter. Profund Advisors LLC now owns 1,420 shares of the construction company's stock worth $347,000 after purchasing an additional 61 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Dycom Industries by 73.1% in the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company's stock worth $39,000 after purchasing an additional 68 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Dycom Industries by 5.5% during the second quarter. Assetmark Inc. now owns 1,371 shares of the construction company's stock valued at $335,000 after buying an additional 72 shares during the last quarter. 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.