NYSE:DYConstruction
Does a Surge in Backlog Signal Durable Demand for Dycom Industries (DY) or Just Near-Term Growth?
Wall Street analysts recently forecast that Dycom Industries will report a year-over-year earnings increase of 16.3% and revenue growth of 16% for the latest quarter.
Analysts also expect Dycom's backlog to rise to US$8.56 billion from US$6.83 billion year-over-year, suggesting robust demand and a significant pipeline of future work.
We'll examine how the projected backlog surge highlights future work volumes and impacts Dycom's previously established investment narrative.
We've found 19 US...