MYR Group Inc reports results for the quarter ended in September 30 - Earnings Summary

• MYR Group Inc MYRG.OQ reported quarterly adjusted earnings of 65 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.28. The mean expectation of five analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 15 cents to 73 cents per share.

• Revenue fell 5.5% to $888.04 million from a year ago; analysts expected $917.18 million.

• MYR Group Inc's reported EPS for the quarter was 65 cents​.

• The company reported quarterly net income of $10.65 million.

• MYR Group Inc shares had risen by 13.9% this quarter and lost 19.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 70.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the construction & engineering peer group is also "buy"

Wall Street's median 12-month price target for MYR Group Inc is 131.00

This summary was machine generated from LSEG data October 31 at 02:51 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)