Analysts Have Made A Financial Statement On Dycom Industries, Inc.'s (NYSE:DY) Yearly Report

Dycom Industries, Inc. (NYSE:DY) shareholders are probably feeling a little disappointed, since its shares fell 4.4% to US$164 in the week after its latest yearly results. The result was positive overall - although revenues of US$4.7b were in line with what the analysts predicted, Dycom Industries surprised by delivering a statutory profit of US$7.92 per share, modestly greater than expected. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

See our latest analysis for Dycom Industries

Following the latest results, Dycom Industries' six analysts are now forecasting revenues of US$5.27b in 2026. This would be a notable 12% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to grow 17% to US$9.34. In the lead-up to this report, the analysts had been modelling revenues of US$5.30b and earnings per share (EPS) of US$9.32 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

There were no changes to revenue or earnings estimates or the price target of US$214, suggesting that the company has met expectations in its recent result. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Dycom Industries analyst has a price target of US$224 per share, while the most pessimistic values it at US$201. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Dycom Industries' past performance and to peers in the same industry. The analysts are definitely expecting Dycom Industries' growth to accelerate, with the forecast 12% annualised growth to the end of 2026 ranking favourably alongside historical growth of 8.6% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 7.7% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Dycom Industries is expected to grow much faster than its industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that in mind, we wouldn't be too quick to come to a conclusion on Dycom Industries. Long-term earnings power is much more important than next year's profits. We have forecasts for Dycom Industries going out to 2028, and you can see them free on our platform here.

That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Dycom Industries , and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.