Preview: MYR Group's Earnings
Portfolio Pulse from Benzinga Insights
MYR Group (NASDAQ:MYRG) is expected to report an EPS of $1.50 in its upcoming quarterly earnings on 2024-02-28. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows a mixed reaction to past earnings, with share price movements varying significantly post-earnings announcement. Shares are currently trading at $163.87, reflecting a 36.26% increase over the last 52 weeks.

February 27, 2024 | 5:00 pm
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POSITIVE IMPACT
MYR Group is anticipated to report a quarterly EPS of $1.50. Investors are looking for an earnings beat and positive future guidance. The stock has seen a 36.26% increase over the past year.
Given MYR Group's history of stock price volatility post-earnings, the anticipation of beating the EPS estimate and providing positive guidance could lead to a positive short-term impact on the stock price. The historical data indicates that the market reacts notably to MYR Group's earnings announcements, especially when the actual EPS diverges from estimates. The recent upward trend in the stock price and the potential for positive guidance suggest a likely positive investor sentiment leading into the earnings announcement.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100