The price of MYRG is predicted to go up -23%, based on the high correlation periods with MPW. The similarity of these two price pattern on the periods is 96.36%.
MYRG
MPW
Down: -23%Similarity: 96.36%
MYRG Revenue Forecast
MYRG EPS Forecast
MYRG FAQs
What is bull’s view on MYRG?
MYRG stock is currently trading at $122.72, with analysts maintaining a Moderate Buy consensus and an average price target of $165.50, indicating a potential upside of 34.7%. The company has strong growth drivers, including grid modernization and decarbonization projects, supported by a $2.58 billion backlog. Despite recent revenue misses, its Q4 EPS of $0.99 exceeded expectations, showcasing operational resilience.
What is bear's view on MYRG?
MYRG stock currently trades at $122.72, showing bearish signals. The RSI (14) at 37.55 indicates oversold conditions, but the MACD (-6.70) and Stochastic Oscillator (17.32) suggest continued downward momentum. Additionally, MYRG's Q4 revenue missed estimates, and the stock has underperformed the market, down 18.5% YTD, reflecting weak investor sentiment.
What is MYRG revenue forecast for next quarter?
The market consensus for MYRG's revenue in the upcoming quarter is projected to be approximately $779.452M USD.
What is MYRG eps forecast for next quarter?
The market consensus for MYRG's eps in the upcoming quarter is projected to be approximately $1.193 USD.
Baird raised the firm's price target on MYR Group to $138 from $131 and keeps an Outperform rating on the shares. The firm said earnings were significantly ahead of expectations, despite still lingering contract charges.