Dycom Industries Q4 Sales $952.46M Miss $968.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
Dycom Industries (NYSE:DY) reported Q4 sales of $952.46M, missing the consensus estimate of $968.87M by 1.69%. This represents a 3.81% increase over the previous year's sales of $917.47M.
February 28, 2024 | 11:07 am
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NEGATIVE IMPACT
Dycom Industries reported Q4 sales of $952.46M, missing estimates by 1.69% but showing a 3.81% increase YOY.
Missing the sales estimate could lead to a negative short-term reaction in the stock price as investors adjust their expectations. However, the year-over-year growth indicates underlying strength, potentially mitigating the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100