Dycom Beats On Q2 With Strong Demand For Infrastructure Services, Discloses Value-Accretive Buyout
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Financial Performance: Dycom Industries reported a 15.5% year-over-year increase in contract revenue to $1.203 billion for Q2 FY25, with adjusted EBITDA rising to $158.3 million and adjusted EPS of $2.46 exceeding expectations.
Acquisition and Outlook: The company acquired Black & Veatch’s wireless telecom infrastructure business, expected to generate $250-$275 million in revenues for fiscal 2026, while anticipating a mid- to high single-digit percentage increase in total contract revenues for Q3.
Analyst Views on SAMM
Wall Street analysts forecast SAMM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SAMM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
