Dycom Industries is a leading provider of specialty contracting services primarily focused on telecommunications infrastructure
The company supports the deployment and maintenance of advanced communication networks, including fiber-optic and wireless systems, for major telecommunications carriers and other entities. Dycom's expertise encompasses a wide range of services, from underground and aerial construction to project management and engineering, enabling its clients to expand and enhance their connectivity solutions. With a strong emphasis on safety and innovation, Dycom plays a crucial role in the evolution of communication technologies and the ongoing rollout of next-generation networks across the nation.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Sterling (NASDAQSTRL) and the best and worst performers in the engineering and design services industry.
Shares of telecommunications company Dycom (NYSEDY)
fell 9.8% in the afternoon session after the company reported weak fourth-quarter 2024 results: Its revenue and EBITDA guidance for the next quarter fell short of Wall Street's estimates. On the other hand, Dycom beat analysts' revenue, EBITDA, and EPS expectations this quarter. Overall, this was a mixed yet weaker quarter.
Telecommunications company Dycom (NYSEDY) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 13.9% year on year to $1.08 billion. On the other hand, next quarter’s revenue guidance of $1.18 billion was less impressive, coming in 5.6% below analysts’ estimates. Its GAAP profit of $1.11 per share was 33.3% above analysts’ consensus estimates.
The heavy construction space has been navigating challenges, such as high interest rates, labor market competition, and rising costs. Despite these factors, the industry's outlook has remained strong. Thus, here are some stocks to keep an eye on.
Dycom has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 10.3% to $191.32 per share while the index has gained 12.6%.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at AECOM (NYSEACM) and its peers.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the engineering and design services stocks, including Dycom (NYSEDY) and its peers.
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Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Sterling (NASDAQSTRL) and its peers.
Let’s dig into the relative performance of EMCOR (NYSEEME) and its peers as we unravel the now-completed Q3 engineering and design services earnings season.
Telecommunications company Dycom (NYSEDY) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 12% year on year to $1.27 billion. On top of that, next quarter’s revenue guidance ($1.22 billion at the midpoint) was surprisingly good and 13.9% above what analysts were expecting. Its non-GAAP profit of $2.68 per share was 16.1% above analysts’ consensus estimates.
