Dycom Industries (DY) Stock

Dycom Industries (DY) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

The costs of integrating DY with Black & Veatch's wireless telecommunications business may affect profit margins. This could create challenges for the company's financial performance.

PALM BEACH GARDENS, Fla., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY) has announced that Dan Peyovich, the President and future CEO, along with Drew DeFerrari, the Senior Vice President and Chief Financial Officer, will take part in several upcoming conferences for institutional investors.

Dycom Industries, Inc. (NYSE:DY) will hold its Q3 2025 earnings conference call on November 20, 2024, at 9:00 AM ET. The call will feature company leaders including CEO Steven Nielsen, General Counsel Ryan Urness, and CFO Andrew DeFerrari. Participants from various financial institutions will also join the call to discuss the company's performance.

Dycom Industries (DY) reported quarterly earnings of $2.68 per share, which is higher than the Zacks Consensus Estimate of $2.35 per share. This is a decrease compared to earnings of $2.82 per share from the same period last year.

In the third quarter, Dycom Industries, Inc. reported a 12.0% rise in contract revenues, reaching $1.272 billion. The company's Non-GAAP Adjusted EBITDA grew to $170.7 million, which is 13.4% of contract revenues, while Non-GAAP Adjusted Net Income rose to $79.2 million, or $2.68 per diluted share. These results were announced on November 20, 2024, for the quarter ending October 26, 2024.

DY's financial results for the third quarter of 2025 are expected to show weak demand from its five largest customers.

Dycom Industries (DY) lacks the necessary elements that could lead to a strong earnings report in the near future. Be ready for the important expectations.

Dycom Industries has achieved more than a 50% return in 2024, and with BEAD expected to contribute to further growth, analysts have given it a BUY rating and set a target price of $389.68 for FY 2027. The company's strong connections with major telecom companies and its wide geographical reach put it in a good position to take advantage of BEAD opportunities. It is predicted that BEAD will greatly enhance Dycom's revenue and profit margins starting in FY 2026, with an expected peak organic growth rate of 21%.