Last week, you might have seen that Dycom Industries, Inc. (NYSE:DY) released its yearly result to the market. The early response was not positive, with shares down 4.4% to US$164 in the past week. Dycom Industries reported US$4.7b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of US$7.92 beat expectations, being 2.4% higher than what the analysts expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
Check out our latest analysis for Dycom Industries
Taking into account the latest results, the consensus forecast from Dycom Industries' six analysts is for revenues of US$5.27b in 2026. This reflects a solid 12% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to grow 17% to US$9.34. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$5.30b and earnings per share (EPS) of US$9.32 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
The analysts reconfirmed their price target of US$214, showing that the business is executing well and in line with expectations. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Dycom Industries, with the most bullish analyst valuing it at US$224 and the most bearish at US$201 per share. This is a very narrow spread of estimates, implying either that Dycom Industries 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 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. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Dycom Industries to grow faster than the wider industry.
The Bottom Line
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at US$214, with the latest estimates not enough to have an impact on their price targets.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Dycom Industries analysts - going out to 2028, and you can see them free on our platform here.
Even so, be aware that Dycom Industries is showing 2 warning signs in our investment analysis , you should know about...
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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.
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