MYR Group Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St.11-01

MYR Group (NASDAQ:MYRG) Third Quarter 2024 Results Key Financial Results Revenue: US$888.0m (down 5.5% from 3Q 2023). Net income: US$10.6m (down 51% from 3Q 2023). Profit margin: 1.2% (down from 2.3%...

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The decrease in margin was driven by lower revenue.NasdaqGS:MYRG Earnings and Revenue Growth November 1st 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 3.2%. Earnings per share  exceeded analyst estimates by 55%.Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Construction industry in the US.The company's shares are up 15% from a week ago.You should always think about risks. Case in point, we've spotted   1 warning sign for MYR Group  you should be aware of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MYRG":"MYR Group"},"translate_title":"MYR集团2024年第三季度收益：每股收益超出预期，收入滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MYRG":0.9},"content_text":"MYR Group (NASDAQ:MYRG) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$888.0m (down 5.5% from 3Q 2023).\nNet income: US$10.6m (down 51% from 3Q 2023).\nProfit margin: 1.2% (down from 2.3% in 3Q 2023). The decrease in margin was driven by lower revenue.\nEPS: US$0.65 (down from US$1.29 in 3Q 2023).\n\n\n\n\n  NasdaqGS:MYRG Earnings and Revenue Growth November 1st 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nMYR Group EPS Beats Expectations, Revenues Fall Short\n Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 55%. \n Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Construction industry in the US. \nPerformance of the American Construction industry.\n The company's shares are up 15% from a week ago. \nRisk Analysis\n You should always think about risks. Case in point, we've spotted   1 warning sign for MYR Group  you should be aware of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.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.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480100486"}