Dycom Industries Intrinsic Value Calculation – DYCOM INDUSTRIES Reports Strong Earnings and Revenue Growth

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Dycom Industries ($NYSE:DY) has reported strong earnings and revenue growth for the quarter, exceeding expectations. The company’s GAAP earnings per share of $2.82 was $1.06 above the forecasted figure, while its revenue of $1.14 billion was a whopping $70 million higher than anticipated. This marks a significant success for the company, which provides specialty contracting services to a number of large telecommunications companies across the United States. DYCOM INDUSTRIES is a publicly traded company whose stock has had impressive gains over the past few years.

It is one of the leading providers of specialty contracting services for the telecommunications industry in the U.S., and its success is based on its ability to deliver high-quality products and services that meet their customers’ needs. Its strong financial performance demonstrates its commitment to providing excellent customer service. The company’s growth can also be attributed to its continuous focus on innovation, as they strive to develop new technologies and services to address their customers’ ever-changing needs.

Earnings

DYCOM INDUSTRIES recently reported an impressive overall performance in their earning report for FY2024 Q2 ending July 31 2021. They earned 787.57M USD in total revenue, and 18.16M USD in net income. This marks an impressive 19.0% decrease in total revenue and 58.6% decrease in net income compared to the previous year.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Dycom Industries. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Dycom Industries. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Dycom Industries. More…

Key Ratios Snapshot

Some of the financial key ratios for Dycom Industries are shown below. More…

Price History

The stock opened at $100.0 and closed at $101.7, a 17.3% increase from its last closing price of 86.6. This jump in the stock reflects the company’s positive performance, which was driven by robust revenue growth and improved margins. The financial results also exceeded analyst estimates, further boosting investor confidence in the company. Live Quote…

Analysis – Dycom Industries Intrinsic Value Calculation

At GoodWhale, we have conducted a thorough analysis of DYCOM INDUSTRIES‘s financials. Our proprietary Valuation Line has determined that the intrinsic value of DYCOM INDUSTRIES’s shares is around $107.3. Currently, shares of DYCOM INDUSTRIES are trading at $101.7, which indicates that the stock is undervalued by 5.2%. This presents an opportunity for investors to purchase DYCOM INDUSTRIES stock at an attractive price. More…

Peers

Dycom Industries Inc is one of the leading companies in specialty contracting services. It competes with several other major companies in the industry, such as MYR Group Inc, Argan Inc, and ENGlobal Corp. All of these companies offer similar services and strive to provide the best solutions for their clients.

– MYR Group Inc ($NASDAQ:MYRG)

MYR Group Inc is a leading specialty contractor focused on the transmission, distribution and on-site generation of electrical power in the United States, with a market cap of 2.05B as of 2023. The company primarily serves the public utility, cooperative utility, and industrial markets, providing a wide range of services on electric transmission and distribution networks. MYR Group Inc has a strong Return on Equity (ROE) of 13.43%, which is above the industry average. This indicates that the company is able to efficiently generate profits from its shareholders’ investments. MYR Group Inc has a long history and continues to remain a leader in the power infrastructure industry.

– Argan Inc ($NYSE:AGX)

Argan Inc is a publicly traded company that operates across a variety of industries, including energy, engineering, and construction. With a market cap of 542.1 million as of 2023, the company has been able to successfully establish itself as one of the top players in its respective fields. Its Return on Equity of 8.82% provides investors with a strong indication of its financial performance, as well as its potential for growth over the coming years. Argan Inc’s financial position, combined with its wide range of services, ensure that it is well-positioned to continue to provide value to its shareholders moving forward.

– ENGlobal Corp ($NASDAQ:ENG)

NEGGlobal Corp is a technology and engineering company that focuses on developing, manufacturing and distributing products and services for a variety of industries. It has a market capitalization of 29.03M as of 2023, which indicates the company’s size and market presence. Its Return on Equity (ROE) of -30.93% is indicative of the company’s overall financial performance in the current year, suggesting that it has not been very profitable. NEGGlobal Corp has been diversifying its product portfolio to improve profitability and provide high-quality products to its customers. The company is expected to continue to grow its market presence in the coming years.

Summary

Investors were pleased with Dycom Industries‘ recent quarterly earnings report, as the company exceeded analyst estimates on both net income and revenue. They reported an earnings per share of $2.82, which beat Wall Street expectations by $1.06, and a revenue of $1.14 billion, which was $70 million above the consensus. This strong performance sent the company’s stock price up the same day. Analysts predict that Dycom Industries will continue to see strong growth in the near future, as they are well-positioned to capitalize on the current market conditions.