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It is not surprising that before an earnings season, every investor looks for stocks that can beat market expectations. This is because investors always try to position themselves ahead of time and look to tap stocks that are high-quality in nature. In this regard, we ran a screener that yielded stocks PENN Entertainment Inc. PENN, Boise Cascade BCC, Dycom Industries DY, Silicon Motion Technology SIMO and Unity Software U as the likely winners on the earnings beat potential. Historically, stocks of companies with solid quarterly earnings (on a nominal basis) tank if they miss or merely meet market expectations. After all, a 20% earnings rise (though apparently looks good) doesn’t tell you if earnings growth has been exhibiting a decelerating trend. Also, seasonal fluctuations come into play sometimes. If a company’s Q1 is seasonally weak and Q4 strong, then it is likely to report a sequential earnings decline. In such cases, growth rates are misleading when judging the true health of a company. On the other hand, after much brainstorming and analysis of companies’ financials and initiatives, Wall Street analysts project the earnings of companies. They, in fact, club their insights and a company’s guidance when deriving an earnings estimate. Thus, outperforming that estimate is almost equivalent to beating the company’s own expectation as well as the market perception. And if the margin of earnings surprise is big, it typically drives the stock higher right after the release. Thus, more than anything else, an earnings surprise can push a stock higher. Now, finding stocks that have the potential to beat on the bottom line may be investors’ dream, but not an easy job. One way to do this is to look at the earnings surprise history of the company. An impressive track in this regard generally acts as a catalyst in sending a stock higher. It indicates the company’s ability to surpass estimates. And investors generally believe that the company will apply the same secret to execute yet another earnings beat in its next release. In order to shortlist stocks that are likely to come up with an earnings surprise, we chose the following as our primary screening parameters. Last EPS Surprise greater than or equal to 10%: Stocks delivering positive surprise in the last quarter tend to surprise again. Average EPS Surprise in the last four quarters greater than 20%: We lifted...

D.R. Horton Inc. DHI is slated to report results for the third quarter of fiscal 2026 (ended June 30, 2026) on July 21, before the opening bell.In the last quarter, the company’s earnings beat the Zacks Consensus Estimate by 4.2% but revenues missed the same by 1.3%. However, both metrics declined 13.2% and 2.3% from the year-ago reported figures.Markedly, D.R. Horton reported better-than-expected earnings in three of the trailing four quarters and missed on one occasion, the average surprise being 4.1%. The Zacks Consensus Estimate for the quarter’s earnings per share (EPS) has been unchanged at $2.99 over the past 60 days. The estimated figure indicates a decline of 11% from the year-ago reported EPS of $3.36.The consensus mark for revenues is $9.18 billion, indicating a 0.4% year-over-year decline. D.R. Horton, Inc. price-eps-surprise | D.R. Horton, Inc. Quote D.R. Horton’s fiscal third-quarter revenues are expected to have benefited from higher home closing volumes, supported by its broad geographic footprint, entry-level product mix and continued focus on affordability. During the fiscal second-quarter earnings call, management noted that sales followed normal seasonal trends through March and remained encouraging into April. The company also reported an 11% increase in net sales orders in the fiscal second quarter, providing a stronger backlog to support third-quarter deliveries.However, affordability constraints and cautious consumer sentiment likely remained the biggest headwinds for D.R. Horton’s fiscal third quarter. Elevated mortgage rates and higher ownership costs continued to pressure buyer affordability, prompting the company to maintain elevated sales incentives to support demand. Management has consistently indicated that incentive levels would remain high through the remainder of fiscal 2026, depending on mortgage rates and market conditions.Despite these challenges, revenues are expected to have improved sequentially, supported by higher home closings and solid order momentum. Management guided for fiscal third-quarter consolidated revenues of $8.8-$9.3 billion and home closings of 23,500-24,000 units, implying a meaningful increase from the second quarter's 19,486 closings.D.R. Horton's affordable, entry-level product mix, broad geographic footprint and disciplined operations likely supported home closings during the quarter. However, ele...

Wrapping up Q1 earnings, we look at the numbers and key takeaways for the engineering and design services stocks, including Dycom (NYSE:DY) and its peers. Companies providing engineering and design services boast ever-evolving technical expertise. Compared to their counterparts who manufacture and sell physical products, these companies can also pivot faster to more trending areas due to their smaller physical asset bases. Green energy and water conservation, for example, are current themes driving incremental demand in this space. On the other hand, those providing engineering and design services are at the whim of construction and infrastructure project volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. The 5 engineering and design services stocks we track reported an exceptional Q1. As a group, revenues beat analysts’ consensus estimates by 14.4% while next quarter’s revenue guidance was 6.6% above. In light of this news, share prices of the companies have held steady as they are up 3.1% on average since the latest earnings results. Working alongside some of the most popular mobile carriers in the world, Dycom (NYSE:DY) builds and maintains telecommunications infrastructure. Dycom reported revenues of $1.96 billion, up 56.1% year on year. This print exceeded analysts’ expectations by 17.3%. Overall, it was an incredible quarter for the company with EBITDA guidance for next quarter exceeding analysts’ expectations and a beat of analysts’ EPS estimates. “Dycom delivered an outstanding start to the year that exceeded the high end of our expectations with strong revenue growth and margin expansion as well as record backlog,” said Dan Peyovich, Dycom’s President and Chief Executive Officer. Dycom achieved the highest guidance raise of the whole group. Unsurprisingly, the stock is up 2.5% since reporting and currently trades at $431.15. Read why we think that Dycom is one of the best engineering and design services stocks, our full report is free. Involved in the construction of a major highway, the Grand Parkway in Houston, TX, Sterling Infrastructure (NASDAQ:STRL) provides civil infrastructure construction. Sterling reported revenues of $825.7 million, up 91.6% year on year, outperforming analysts’ expectations by 39.5%. The business had an incredible quarter with a beat of analysts’ EPS and EBITDA estim...

A month has gone by since the last earnings report for Dycom Industries (DY). Shares have lost about 7.8% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Dycom Industries due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Dycom Industries reported stellar results for the first quarter of fiscal 2027 (ended May 2, 2026). Adjusted earnings and contract revenues surpassed the Zacks Consensus Estimate and grew year over year. Dycom reported adjusted earnings per share (EPS) of $4.42, which topped the Zacks Consensus Estimate of $2.73 by 61.9%. In the year-ago quarter, it reported an adjusted EPS of $2.39. Contract revenues of $1.96 billion surpassed the consensus mark of $1.67 billion by 18.0% and grew 56.1% year over year. The metric rose 24.7% on an organic basis. Management noted that demand for fiber infrastructure deployments and data center builds remained robust during the quarter. Power Solutions also outperformed in its first full quarter as part of the Building Systems segment. Adjusted EBITDA increased 74.6% to $262.5 million from a year ago. Adjusted EBITDA margin of 13.4% expanded 141 basis points (bps) from the year-ago level. Dycom’s backlog as of the first fiscal quarter totaled $11.91 billion, up 46.5% year over year from $8.13 billion. Of the current backlog position, $6.40 billion is projected to be completed in the next 12 months. Beginning in the fourth quarter of fiscal 2026, Dycom reports results through two reportable segments: Communications and Building Systems. Communications: This segment’s contract revenues increased 24.7% year over year to $1.57 billion. Growth was driven by expansion into additional geographies and fiber-to-the-home builds that ramped ahead of expectations, supported by favorable seasonal conditions. Adjusted EBITDA increased to $192.4 million from $150.4 million a year ago. Adjusted EBITDA margin of 12.3% expanded 31 bps from the year-ago level. This segment’s total backlog grew to $10.80 billion from $8.13 billion a year ago, with a 12-month backlog of $5.38 billion. Building Systems: The segment generated contract revenues of $395.4 million. Adjusted EBITDA was $70.0 mil...

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Dycom Industries (DY) is back on investors’ radar after a strong first quarter earnings report with record revenue and backlog, followed closely by planned board retirements that trim its director count. See our latest analysis for Dycom Industries. Dycom’s recent 52 week high and 31.0% 3 month share price return suggest momentum has been building around its record Q1 results, with a 1 year total shareholder return of about 101% and a very large 5 year total shareholder return. If you like how Dycom has been moving after its latest update, it could be a good moment to see what else is gaining traction in power and grid infrastructure via the 34 power grid technology and infrastructure stocks. With Dycom trading at $469 and sitting about 36% below the average analyst price target of $637.27, the key question is whether the stock still offers value or if the market is already pricing in its growth. Dycom’s most followed valuation narrative puts fair value at $637.27, well above the last close at $469, framing the current debate around its future cash generation. Read the complete narrative. Want to see what is baked into that gap between price and fair value? Revenue expansion, margin shifts and a punchy earnings profile sit at the core of this narrative. Result: Fair Value of $637.27 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, you also need to weigh concentration in a few major telecom customers, as well as the risk that delays in broadband or data center projects could choke that bullish setup. Wall Street's queuing for one rocket. While SpaceX counts down to its IPO, other companies tied to the new space race are already in orbit. → 20 Compelling Space Companies watchlist · Global Space Race Investing Ideas screener · Scan the sector by valuation on Rocket Lab's valuation page. While the analyst fair value of $637.27 suggests Dycom is 26.4% undervalued, the SWS DCF model tells a different story, with an estimate of $411.62. On that measure, the current $469 price sits above modeled future cash flows. The question for investors is which signal to rely on more. Look into how the SWS DCF model arrives at its fair value. Simply Wall St performs a discounted cash fl...

Lennar Corporation LEN reported mixed second-quarter fiscal 2026 results, with adjusted earnings topping the Zacks Consensus Estimate while revenues missed the same. Year over year, both metrics declined, given ongoing softness in housing demand and a lower average sales price (ASP) for homes delivered.LEN stock trickled down 2.5% during yesterday’s after-hours trading session, post the earnings announcement. Lennar’s adjusted earnings of $1.31 per share beat the Zacks Consensus Estimate of $1.23 by 6.5% but declined 31.1% from $1.90 in the year-ago quarter.Total revenues of $7.94 billion missed the consensus estimate of $8.07 billion by 1.6% and fell 5.2% year over year. Results reflected pressure from lower home prices and affordability constraints. Lennar Corporation price-consensus-eps-surprise-chart | Lennar Corporation Quote Homebuilding revenues declined 2% year over year to $7.62 billion from $7.84 billion. Revenues from home sales were $7.60 billion, down from $7.79 billion in the year-ago quarter, as lower pricing offset higher closings.Home deliveries increased 2% to 20,519 homes from 20,131 homes a year ago and were within management’s guidance of 20,000-21,000 homes. The ASP of homes delivered fell 5% to $371,000 from $389,000, reflecting continued weakness in the housing market.New orders decreased 4% year over year to 21,749 homes from 22,601 homes. The dollar value of new orders fell to $8.21 billion from $8.58 billion, while the ASP of new orders was $377,000 compared with $379,000 a year ago.Backlog at quarter-end increased to 16,818 homes from 15,538 homes. The backlog dollar value rose to $6.61 billion from $6.48 billion, though the ASP in backlog declined to $393,000 from $417,000.Gross margin on home sales was 15.6%, down from 17.8% in the year-ago quarter. The decline was due to lower revenue per square foot and higher land costs, partially offset by reduced construction costs as the company continued to pursue cost-saving initiatives. Meanwhile, as a percentage of home sales, SG&A expenses increased to 9.2% from 8.8%, mainly due to lower revenue leverage and higher marketing and selling expenses. Financial Services revenues declined to $236.9 million from $298.1 million a year ago. Operating earnings for the segment decreased to $101.1 million from $157.3 million, primarily due to lower profit per locked loan in the mortgage business....

Investors might want to bet on Dycom Industries (DY), as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The upward trend in estimate revisions for this provider of specialty contracting services reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. For Dycom Industries, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: For the current quarter, the company is expected to earn $4.47 per share, which is a change of +34.2% from the year-ago reported number. The Zacks Consensus Estimate for Dycom Industries has increased 9.81% over the last 30 days, as three estimates have gone higher compared to no negative revisions. For the full year, the company is expected to earn $15.60 per share, representing a year-over-year change of +30.3%. There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, five estimates have moved up for Dycom Industries versus no negative revisions. This has pushed the consensus estimate 12.87% higher. Thanks to promising estimate revisions, Dycom Industries currently carries a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. Dycom Industries shares h...

Dycom’s first quarter results were met with a distinctly positive market reaction, as revenue and non-GAAP profit both exceeded Wall Street expectations by wide margins. Management attributed this outperformance to accelerating demand for fiber-to-the-home infrastructure, robust execution in the Building Systems segment, and a record-high backlog. CEO Daniel Peyovich highlighted the company’s ability to capitalize on multi-year fiber deployment programs and data center builds, noting, “Our teams are absolutely committed to making our customers successful.” The quarter also benefited from favorable weather, which enabled projects to ramp ahead of plan. Is now the time to buy DY? Find out in our full research report (it’s free). Revenue: $1.96 billion vs analyst estimates of $1.67 billion (56.1% year-on-year growth, 17.3% beat) Adjusted EPS: $4.42 vs analyst estimates of $2.72 (62.5% beat) Adjusted EBITDA: $262.5 million vs analyst estimates of $209.3 million (13.4% margin, 25.4% beat) Revenue Guidance for the full year is $7.52 billion at the midpoint, above analyst estimates of $7.07 billion Adjusted EPS guidance for Q2 CY2026 is $4.61 at the midpoint, above analyst estimates of $4.06 EBITDA guidance for Q2 CY2026 is $293.5 million at the midpoint, above analyst estimates of $267 million Operating Margin: 7.3%, in line with the same quarter last year Backlog: $11.91 billion at quarter end Market Capitalization: $14.59 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Manish Samaya (Cantor Fitzgerald): Asked about customer overlap and cross-selling potential from the NTI acquisition. CEO Daniel Peyovich emphasized strong historical partnerships and expects “synergies to go exponential” as NTI is integrated. Eric Luebchow (Wells Fargo): Inquired whether Q1’s fiber-to-the-home growth reflected a pull-forward of demand or market share gains. Peyovich responded that simultaneous project ramps and Dycom’s execution are yielding both expanded market presence and customer share. Steven Fisher (UBS): Sought clarity on Building Systems margin sustainability and required investments post-acquisition. Peyovich confirmed on...

Dycom Industries, Inc. (NYSE:DY) defied analyst predictions to release its first-quarter results, which were ahead of market expectations. It was a solid earnings report, with revenues and statutory earnings per share (EPS) both coming in strong. Revenues were 17% higher than the analysts had forecast, at US$2.0b, while EPS were US$3.00 beating analyst models by 124%. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Taking into account the latest results, the current consensus from Dycom Industries' eleven analysts is for revenues of US$7.57b in 2027. This would reflect a sizeable 21% increase on its revenue over the past 12 months. Per-share earnings are expected to accumulate 9.0% to US$11.30. Before this earnings report, the analysts had been forecasting revenues of US$7.07b and earnings per share (EPS) of US$9.05 in 2027. So it seems there's been a definite increase in optimism about Dycom Industries' future following the latest results, with a very substantial lift in the earnings per share forecasts in particular. See our latest analysis for Dycom Industries With these upgrades, we're not surprised to see that the analysts have lifted their price target 32% to US$626per share. 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. The most optimistic Dycom Industries analyst has a price target of US$700 per share, while the most pessimistic values it at US$482. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting D...

Image source: The Motley Fool. May 27, 2026, 9 a.m. ET President and Chief Executive Officer — Daniel Peyovich Chief Financial Officer — H. Drew DeFerrari Vice President of Investor Relations and Corporate Communications — Callie Tomasso Need a quote from a Motley Fool analyst? Email [email protected] Operator: Good day, and thank you for standing by. Welcome to the Dycom Industries, Inc. First Quarter 2027 Results Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to Ms. Callie Tomasso, Dycom's Vice President of Investor Relations and Corporate Communications. Please go ahead. Callie Tomasso: Thank you, operator, and good morning, everyone. Welcome to Dycom's fiscal 2027 First Quarter Results Conference Call. Joining me today are Dan Peyovich, our President and Chief Executive Officer; and Drew DeFerrari, our Chief Financial Officer. Earlier this morning, we released our fiscal 2027 first quarter results along with certain outlook information. We also announced a definitive agreement to acquire National Technology Integrators, a low-voltage engineering and construction firm based in Maryland. The press release and accompanying materials are available in the Investor Relations section of our website, including the outlook expectation summary document, which provides additional outlook metrics beyond what will be discussed on today's call. These materials, which we will discuss during today's call include forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Our discussion and these statements reflect our expectations, assumptions and beliefs regarding future events and are subject to risks and uncertainties that could cause actual results to differ materially. A detailed discussion of these risks and uncertainties is included in our filings with the SEC. Forward-looking statements are made as of today's date, and we undertake no obligation to update them. Additionally, we will reference certain non-GAAP financial measures during today's call. Explanations of these measures and reconciliations to the most directly comparable GAAP measures can be found in our press release and accompanying materials. With that, I will turn the call over to Dan Peyovich. Daniel Peyovich: Thank you, Callie, and good m...

Dycom Industries (DY) came out with quarterly earnings of $4.42 per share, beating the Zacks Consensus Estimate of $2.73 per share. This compares to earnings of $2.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +62.20%. A quarter ago, it was expected that this provider of specialty contracting services would post earnings of $1.91 per share when it actually produced earnings of $2.03, delivering a surprise of +6.28%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Dycom Industries, which belongs to the Zacks Building Products - Heavy Construction industry, posted revenues of $1.96 billion for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 18.02%. This compares to year-ago revenues of $1.26 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Dycom Industries shares have added about 24.4% since the beginning of the year versus the S&P 500's gain of 9.8%. While Dycom Industries has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Dycom Industries was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near fu...

Delivers Record First Quarter Results and Exceeds High End of Fiscal Q1 2027 OutlookRaises Full Year Fiscal 2027 OutlookAnnounces Acquisition of National Technology Integrators Further Extending Capabilities in the High-Growth Data Center Industry First Quarter Highlights(All metrics compared to the first quarter of fiscal 2026) Contract revenues of $1.965 billion(*) increased 56.1%, or 24.7% organically Net income of $91.3 million(*), or $3.00(*) per common share diluted Adjusted Net Income of $134.3 million(*), or $4.42(*) per common share diluted Adjusted EBITDA of $262.5 million(*), or 13.4% of contract revenues Total backlog of $11.906 billion(*) an increase of 46.5% Entered into a definitive agreement to acquire National Technology Integrators Repurchased 100,000 shares for $36.0 million (*) Amount represents quarterly record or first quarter record result WEST PALM BEACH, Fla., May 27, 2026 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY) announced today its results for the first quarter ended May 2, 2026. “Dycom delivered an outstanding start to the year that exceeded the high end of our expectations with strong revenue growth and margin expansion as well as record backlog,” said Dan Peyovich, Dycom’s President and Chief Executive Officer. “Demand for fiber infrastructure and data center builds is more robust today than it has ever been. We are strategically expanding our capabilities to meet this need both organically and through acquisitions. Power Solutions outperformed in its first full quarter as a part of the Building Systems segment and the acquisition of National Technology Integrators will further enhance our ability to provide comprehensive, end-to-end digital infrastructure solutions for our customers.” “We are in an excellent position to drive continued growth and realize the opportunities we see ahead in this period of unprecedented and intensifying demand, while remaining highly disciplined in our project selection. As a result, we are raising our full year outlook. I want to thank all our teammates for their dedication to safety and execution certainty, which underpins our multi-year growth trajectory and our ability to continue delivering long-term value for our shareholders.” First Quarter ResultsDollars in millions, except per share amounts Segment Results In Communications, total contract revenues of $1.569 billion exceeded ex...