2024-04-04 09:25:29 ET
Summary
- Dycom Industries, Inc. is expected to have slow earnings growth in the first half of fiscal year 2025, but pick up in the second half and continue into fiscal years 2026 and 2027.
- The company has a strong market position in the telecom and infrastructure construction industry and has experienced robust revenue growth and profitability.
- Dycom's profitability margins are slightly below industry medians, but the company expects margins to improve in fiscal year 2025 and is focused on building better margins into its business.
Thesis
Telecom construction company Dycom Industries, Inc. ( DY ) has been on an earnings tear since early 2022. Investors were piling in and pushing up the share price even earlier:
The pace of earnings growth is expected to be relatively slow in the first half of this fiscal year (its 2025 fiscal year began on January 26, 2024), then pick up in the second half. That upward momentum is expected to last into fiscal 2026 and fiscal 2027....
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For further details see:
Why Dycom Industries Is A Buy Despite Current Earnings Trend