Dycom IndustriesNYSE: DY

Finding the best mid-cap stocks to buy in 2024 is no walk in the park. While these promising companies often have growing revenues and profits, that does not always last.

Dycom Industries (DY) reported earnings 30 days ago. What's next for the stock?

Dycom (DY) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are JILL, KNOP, VIRC, DY, KEX.

Growth across the telecommunications, transmission, renewable energy and power generation businesses is set to benefit EME, DY, GVA, TPC and GLDD from the Zacks Building Products - Heavy Construction industry.

Dycom Industries' historical financial results have demonstrated strong financial performance, with robust top-line growth and expanding profit margins. Looking ahead, the number of US homes with fibre passings is expected to grow, providing DY with the opportunities for sustained growth in the industry. The Infrastructure Investment and Jobs Act has allocated over $40 billion through the BEAD programme for building rural communications networks. This is expected to provide tailwinds for DY as well.

Dycom (DY) benefits from 5G technologies deployment and continuous contract flow.

Dycom Industries (DY) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.