MYR Group Q2 2024 GAAP EPS $(0.91) Misses $1.13 Estimate, Sales $828.890M Miss $876.070M Estimate
Portfolio Pulse from Benzinga Newsdesk
MYR Group (NASDAQ:MYRG) reported Q2 2024 GAAP EPS of $(0.91), significantly missing the analyst estimate of $1.13. Sales were $828.890M, also missing the $876.070M estimate and down 6.72% from the same period last year.
July 31, 2024 | 9:12 pm
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NEGATIVE IMPACT
MYR Group reported a significant earnings miss for Q2 2024 with GAAP EPS of $(0.91) compared to the $1.13 estimate. Sales also missed expectations and were down year-over-year.
The significant miss on both EPS and sales, combined with a year-over-year decline in sales, is likely to negatively impact MYR Group's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100