MYR Group Q3 2024 GAAP EPS $0.65 Beats $0.35 Estimate, Sales $888.043M Miss $917.177M Estimate
Portfolio Pulse from Benzinga Newsdesk
MYR Group reported Q3 2024 earnings per share of $0.65, significantly beating the analyst estimate of $0.35. However, their sales of $888.043 million missed the expected $917.177 million, marking a 5.47% decrease from the previous year.
October 30, 2024 | 8:43 pm
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MYR Group's Q3 2024 earnings per share of $0.65 exceeded expectations by 85.71%, but sales of $888.043 million fell short of estimates and decreased by 5.47% year-over-year.
The significant EPS beat suggests strong profitability, which is positive for the stock. However, the sales miss and year-over-year decline could raise concerns about revenue growth, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100