MYRG

MYR GroupC

Nasdaq / Capital Goods

At close

2026-06-03

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AI scenario view

RankAlpha Sentiment Codex

B+

Bull case

25%

Probability

Target price

$360.00

-18.4% vs current

Most likely

Base case

50%

Probability

Target price

$320.00

-27.5% vs current

B-

Bear case

25%

Probability

Target price

$285.00

-35.4% vs current

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