Dycom Industries Q3 EPS $2.82 Beats $1.78 Estimate, Sales $1.14B Beat $1.07B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dycom Industries (NYSE:DY) reported Q3 earnings of $2.82 per share, surpassing the $1.78 estimate by 58.43%, and a 56.67% increase from last year's $1.80 per share. Sales reached $1.14B, exceeding the $1.07B estimate by 6.17% and marking a 9.02% increase from the previous year's $1.04B.
November 21, 2023 | 11:03 am
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Dycom Industries reported strong Q3 results with EPS and sales beating estimates, indicating robust growth over the previous year.
Dycom's significant beat on both earnings per share and sales compared to analyst estimates, as well as year-over-year growth, is likely to instill investor confidence and could lead to a positive short-term impact on the stock price. The substantial beat on EPS, in particular, suggests operational efficiency and profitability that exceeds market expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100