The 10-second takeaway
For the quarter ended Oct. 27 (Q1), Dycom Industries beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share dropped.
Gross margins grew, operating margins contracted, net margins shrank.
Dycom Industries chalked up revenue of $323.3 million. The seven analysts polled by S&P Capital IQ expected to see revenue of $313.7 million on the same basis. GAAP reported sales were 1.2% higher than the prior-year quarter's $319.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.36. The seven earnings estimates compiled by S&P Capital IQ forecast $0.34 per share. GAAP EPS of $0.35 for Q1 were 7.9% lower than the prior-year quarter's $0.38 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 20.5%, 40 basis points better than the prior-year quarter. Operating margin was 6.8%, 40 basis points worse than the prior-year quarter. Net margin was 3.7%, 40 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $271.0 million. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $1.21 billion. The average EPS estimate is $1.08.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 117 members out of 122 rating the stock outperform, and five members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give Dycom Industries a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dycom Industries is outperform, with an average price target of $20.60.
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