Alert: New Earnings Report (11/21/23)-Dycom Industries Inc. (NYSE: DY).


Dycom Industries Inc. (NYSE: DY) has reported earnings for its third fiscal quarter (ending October 31) of $2.85 versus $1.83 for the same period a year ago — an increase of 56%. For the latest four quarters through October 31, E.P.S. were $7.50 compared to $4.00 a year ago — an increase of 88%.


Recent Price Action

Dycom Industries Inc. (NYSE: DY) stock enjoyed a major increase of 17.3% on 11/21/23. The shares closed at $101.68. The stock has risen 22.2% during the last week and has performed in line with the market over the last nine months.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, DY is expected to continue to be a major Value Builder.

Dycom Industries has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Dycom Industries has a slightly negative Appreciation Score of 36 but a slightly positive Power Rating of 65, leading to the Neutral Value Trend Rating.

Rating Review

In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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