MYR Group Inc reports results for the quarter ended December 31 - Earnings Summary

Reuters
27 Feb
<a href="https://laohu8.com/S/MYRG">MYR Group</a> Inc reports results for the quarter ended December 31 - Earnings Summary
  • MYR Group Inc MYRG.OQ reported quarterly adjusted earnings of 99 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.43. The mean expectation of five analysts for the quarter was for earnings of 70 cents per share. Wall Street expected results to range from 30 cents to 92 cents per share.

  • Revenue fell 17.4% to $829.80 million from a year ago; analysts expected $886.58 million.

  • MYR Group Inc's reported EPS for the quarter was 99 cents​.

  • The company reported quarterly net income of $15.95 million.

  • MYR Group Inc shares had fallen by 18.5% this quarter.

FORECAST CHANGES

  • The mean earnings estimate of analysts was unchanged in the last three months.​

  • In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

  • The average consensus recommendation for the construction & engineering peer group is also "buy"

Wall Street's median 12-month price target for MYR Group Inc is $190.00

This summary was machine generated from LSEG data February 27 at 12:00 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Dec. 31 2024

0.70

0.99

Beat

Sep. 30 2024

0.35

0.65

Beat

Jun. 30 2024

1.13

-0.91

Missed

Mar. 31 2024

1.16

1.12

Missed

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