Dycom Industries Posts Strong Q3 Results: EPS Beats Estimates By 14%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 20 2024
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Source: Benzinga
Company Performance: Dycom Industries reported a 12% year-over-year increase in contract revenue to $1.272 billion, exceeding expectations, with adjusted EBITDA rising to $170.7 million and adjusted EPS at $2.68.
Future Outlook: For the fourth quarter, Dycom expects a mid- to high single-digit percentage increase in total contract revenues and a projected increase in adjusted EBITDA margin by about 25 basis points year-over-year.
Analyst Views on SMCO
Wall Street analysts forecast SMCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMCO 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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Current: 28.918
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Current: 28.918
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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.
