After an eye-popping EPS and revenueThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... beat, Dycom $DY stock has surged and broken through its 200 day moving average. Caution is warranted as the break is a head poke and not yet confirmed. The stock chart also shows a downtrend channelUptrend and downtrend channel patterns are technical analysis tools used to identify potential future price movements. They are formed by two parallel lines on a chart and can be u... breakout pattern. There is also a wedgeThe wedge chart pattern is a technical analysis tool used by traders to identify potential buying or selling opportunities. It consists of three converging trend lines, which meet ... breakout pattern if a line is drawn from the high of $122.13 back in October 2022.
On March 1, 2023, Dycom reported Q4 EPS of 83c versus the consensus estimate of 13c. The company reported Q4 revenue of $917.5M versus the consensus estimate of $814.27M.
The company expects contract revenues for the quarter ending April 29, 2023 to increase mid- to high-single digit as a percentage of contract revenues as compared to the quarter ended April 30, 2022. Non-GAAP Adjusted EBITDA as a percentage of contract revenues is expected to increase modestly for the quarter ending April 29, 2023 as compared to the quarter ended April 30, 2022.
