MYR Group has faced slowing growth and margins in recent years, driven by unfavorable job closeouts within its key operating segments, supply chain inefficiencies and clean energy projects. However, the company is making a strong recovery mainly powered by strong electricity demand growth in the United States. MYRG is now well poised to outperofm the market similar to other specialty contractors I have covered on Seeking Alpha.
Here is how Algonquin Power & Utilities (AQN) and MYR Group (MYRG) have performed compared to their sector so far this year.
Here is how MYR Group (MYRG) and Telenor ASA (TELNY) have performed compared to their sector so far this year.
MYR Group (MYRG) came out with quarterly earnings of $1.7 per share, beating the Zacks Consensus Estimate of $1.56 per share. This compares to a loss of $0.91 per share a year ago.
MYRG's second-quarter earnings per share are expected to increase by 271%, fueled by data centers, clean energy and expanding market momentum.
Digging into three highly-ranked Zacks stocks benefiting directly from the artificial intelligence spending boom to consider buying in July, not named Nvidia.
Investors need to pay close attention to MYRG stock based on the movements in the options market lately.
MYR (MYRG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
SSP, MYRG, SWDBY, PSTL and PKST have been added to the Zacks Rank #1 (Strong Buy) List on June 9, 2025.
Here is how Algonquin Power & Utilities (AQN) and MYR Group (MYRG) have performed compared to their sector so far this year.
MYR Group Inc. (NASDAQ:MYRG ) Q1 2025 Earnings Conference Call May 1, 2025 10:00 AM ET Company Participants Jennifer Harper - Vice President, Investor Relations Rick Swartz - President & Chief Executive Officer Kelly Huntington - Senior Vice President & Chief Financial Officer Brian Stern - Senior Vice President & Chief Operating Officer, Transmission & Distribution Segment Don Egan - Senior Vice President & Chief Operating Officer, Commercial & Industrial Segment Conference Call Participants Atidrip Modak - Goldman Sachs Sangita Jain - KeyBanc Jonathan Braatz - KCCA Justin Hauke - Baird Brian Brophy - Stifel Operator Good morning, everyone and welcome to the MYR Group First Quarter 2025 Earnings Results Conference Call. At this time, all participants are in a listen-only mode.
MYR Group (MYRG) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.12 per share a year ago.