MYR Group Q1 2024 GAAP EPS $1.12 Misses $1.19 Estimate, Sales $815.562M Miss $854.134M Estimate
Portfolio Pulse from Benzinga Newsdesk
MYR Group reported Q1 2024 earnings of $1.12 per share, missing the $1.19 estimate, and sales of $815.562M, below the $854.134M estimate. This represents an 18.84% decrease in earnings and a 0.49% increase in sales from the same period last year.
May 01, 2024 | 9:10 pm
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NEGATIVE IMPACT
MYR Group's Q1 2024 earnings and sales missed estimates, with a significant decrease in earnings compared to last year.
Missing both earnings and sales estimates, especially with a notable decrease in earnings year-over-year, is likely to negatively impact investor sentiment and MYR Group's stock price in the short term.
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