MYR Group Q4 2023 GAAP EPS $1.43 Misses $1.49 Estimate, Sales $1.00B Beat $904.76M Estimate
Portfolio Pulse from Benzinga Newsdesk
MYR Group reported Q4 2023 earnings of $1.43 per share, missing the consensus estimate of $1.49. However, their quarterly sales of $1.00 billion exceeded the estimate of $904.76 million, marking a 16.21% increase from the previous year.
February 28, 2024 | 9:43 pm
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MYR Group's Q4 earnings per share fell short of expectations, but sales exceeded estimates and showed significant year-over-year growth.
The miss in earnings per share (EPS) could initially disappoint investors, potentially putting downward pressure on the stock. However, the significant beat on sales and the year-over-year growth indicate strong business performance, which could counterbalance the EPS miss and stabilize the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100