MYRG

MYR GroupB

Nasdaq / Capital Goods

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AI scenario view

RankAlpha Sentiment Codex

B+

Bull case

25%

Probability

Target price

$360.00

Analysis reference price unavailable

Analysis 2026-04-29 · RankAlpha Sentiment Codex

Most likely

Base case

50%

Probability

Target price

$320.00

Analysis reference price unavailable

Analysis 2026-04-29 · RankAlpha Sentiment Codex

B-

Bear case

25%

Probability

Target price

$285.00

Analysis reference price unavailable

Analysis 2026-04-29 · RankAlpha Sentiment Codex

The current persistence contract does not provide an exact AI reference price. RankAlpha therefore does not calculate scenario return from the live quote. How scenarios are presented

AI sentiment snapshot

Latest data as of 2026-04-29

AI commentary

Near-term tone improved on the earnings release: primary company materials were strong, the company posted record backlog and profitability, and MYRG traded about 2.0% above the prior close by 20:45 UTC on April 29, 2026. Still, this is a T+1 earnings follow-up with limited visible analyst revision flow, so the setup remains a cautious monitoring view rather than a high-conviction upgrade. Headline buzz is medium because the company-specific earnings event is fresh, but the evidence set is still dominated by the company release and early market reaction.

RankAlpha Sentiment Codex - 2026-04-29

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Evidence flagged

No evidence quality warning is currently attached to this memo.

Impact

standard

Confidence

AI events

2026-04-30eventQ1 earnings reset near-term expectations higherMedium impact

MYR reported Q1 2026 revenue of $1.00 billion, diluted EPS of $2.99, record EBITDA of $81.5 million, and record backlog of $2.84 billion; the 8-K also attached the earnings release for the quarter ended March 31, 2026. MarketBeat showed a pre-report consensus EPS estimate near $2.02, implying a clear beat, while shares traded up about 2.0% on April 29 after the release. [#8-K-2026-04-29]

2026-05-15catalystPost-print digestion will focus on margin quality, not just the headline beatMedium impact

Gross margin rose to 13.4% from 11.6%, but management said the quarter benefited from better-than-anticipated productivity, favorable change orders, a favorable job closeout, and projects nearing completion, while also noting inefficiencies on certain jobs. That mix supports a good quarter but leaves investors testing how repeatable the margin step-up is over the next few weeks. [#8-K-2026-04-29]

2026-12-31catalystRecord backlog and liquidity support continued 2026 executionHigh impact

Backlog ended Q1 at $2.84 billion, up 7.7% year over year, with $163.2 million of cash and cash equivalents plus $460.5 million of revolver availability. That gives MYR room to support ongoing T&D and C&I project execution, but the stock likely needs backlog conversion and margin durability to stay ahead of expectations after the post-earnings move. [#8-K-2026-04-29]

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Recommendation

N/A

No formal recommendation provided.

Open AI Memo

As of 2026-04-29 • Updated nightlySource: Internal modelMethodology