Everus Construction Group, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

Everus Construction Group, Inc. (NYSE:ECG) just released its third-quarter report and things are looking bullish. It was a solid earnings report, with revenues and statutory earnings per share (EPS) both coming in strong. Revenues were 19% higher than the analysts had forecast, at US$987m, while EPS were US$1.11 beating analyst models by 80%. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

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Following the latest results, Everus Construction Group's three analysts are now forecasting revenues of US$3.86b in 2026. This would be a meaningful 10% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to grow 11% to US$3.96. Before this earnings report, the analysts had been forecasting revenues of US$3.63b and earnings per share (EPS) of US$3.24 in 2026. So it seems there's been a definite increase in optimism about Everus Construction Group's future following the latest results, with a massive increase in the earnings per share forecasts in particular.

See our latest analysis for Everus Construction Group

It will come as no surprise to learn that the analysts have increased their price target for Everus Construction Group 11% to US$100on the back of these upgrades. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values Everus Construction Group at US$105 per share, while the most bearish prices it at US$94.00. This is a very narrow spread of estimates, implying either that Everus Construction Group is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The period to the end of 2026 brings more of the same, according to the analysts, with revenue forecast to display 8.3% growth on an annualised basis. That is in line with its 8.8% annual growth over the past three years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 9.6% per year. So although Everus Construction Group is expected to maintain its revenue growth rate, it's only growing at about the rate of the wider industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Everus Construction Group's earnings potential next year. They also upgraded their revenue forecasts, although the latest estimates suggest that Everus Construction Group will grow in line with the overall industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Everus Construction Group going out to 2027, and you can see them free on our platform here..

You can also see whether Everus Construction Group is carrying too much debt, and whether its balance sheet is healthy, for free on our platform here.

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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.