MYR Group Beats Analyst Estimates on EPS
MYR Group (NAS: MYRG) reported earnings March 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), MYR Group beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share contracted.
Margins dropped across the board.
MYR Group booked revenue of $234.3 million. The 13 analysts polled by S&P Capital IQ looked for revenue of $202.3 million on the same basis. GAAP reported sales were 51% higher than the prior-year quarter's $155.1 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 $0.28. The 11 earnings estimates compiled by S&P Capital IQ averaged $0.26 per share. GAAP EPS of $0.28 for Q4 were 6.7% lower than the prior-year quarter's $0.30 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 10.5%, 360 basis points worse than the prior-year quarter. Operating margin was 3.8%, 250 basis points worse than the prior-year quarter. Net margin was 2.5%, 140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $184.0 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $883.4 million. The average EPS estimate is $1.36.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 35 members out of 35 rating the stock outperform. Among 15 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give MYR Group a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MYR Group is buy, with an average price target of $27.83.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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