Dycom Industries (DY) reported earnings 30 days ago. What's next for the stock?
Dycom (DY) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
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Investors target stocks that are witnessing a bullish run. Some of the stocks seeing price strength are JILL, KNOP, VIRC, DY, KEX.
Here is how Dycom Industries (DY) and Great Lakes Dredge & Dock (GLDD) have performed compared to their sector so far this year.
Growth across the telecommunications, transmission, renewable energy and power generation businesses is set to benefit EME, DY, GVA, TPC and GLDD from the Zacks Building Products - Heavy Construction industry.
Dycom Industries' historical financial results have demonstrated strong financial performance, with robust top-line growth and expanding profit margins. Looking ahead, the number of US homes with fibre passings is expected to grow, providing DY with the opportunities for sustained growth in the industry. The Infrastructure Investment and Jobs Act has allocated over $40 billion through the BEAD programme for building rural communications networks. This is expected to provide tailwinds for DY as well.
Dycom (DY) benefits from 5G technologies deployment and continuous contract flow.
Dycom Industries (DY) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
Dycom Industries (DY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Does Dycom Industries (DY) have what it takes to be a top stock pick for momentum investors? Let's find out.
Here is how Dycom Industries (DY) and Great Lakes Dredge & Dock (GLDD) have performed compared to their sector so far this year.