Zacks Research Issues Negative Forecast for DY Earnings

Dycom Industries, Inc. (NYSE:DY) – Investment analysts at Zacks Research reduced their Q1 2027 earnings estimates for shares of Dycom Industries in a research report issued to clients and investors on Wednesday, March 25th. Zacks Research analyst Team now expects that the construction company will post earnings of $2.53 per share for the quarter, down from their previous estimate of $2.59. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Dycom Industries’ current full-year earnings is $7.13 per share. Zacks Research also issued estimates for Dycom Industries’ Q2 2027 earnings at $3.70 EPS, Q3 2027 earnings at $4.05 EPS, Q4 2027 earnings at $2.48 EPS, FY2027 earnings at $12.76 EPS, Q1 2028 earnings at $2.86 EPS, Q2 2028 earnings at $4.22 EPS, Q3 2028 earnings at $4.59 EPS, Q4 2028 earnings at $2.84 EPS, FY2028 earnings at $14.51 EPS and FY2029 earnings at $16.61 EPS.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.12. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the business earned $1.17 earnings per share. Dycom Industries’s revenue was up 34.4% compared to the same quarter last year. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS.

DY has been the topic of several other research reports. KeyCorp lifted their price target on shares of Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. UBS Group set a $475.00 price objective on Dycom Industries and gave the stock a “buy” rating in a research report on Friday, March 6th. Guggenheim began coverage on Dycom Industries in a research note on Thursday, January 22nd. They set a “buy” rating and a $510.00 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, January 21st. Finally, Wall Street Zen lowered Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $431.64.

Dycom Industries Stock Performance

NYSE:DY opened at $342.32 on Monday. The company’s 50-day moving average is $383.45 and its two-hundred day moving average is $338.64. Dycom Industries has a 1-year low of $131.37 and a 1-year high of $445.52. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 0.79 and a beta of 1.34.

Institutional Trading of Dycom Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Dycom Industries by 265,593,055.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock worth $8,076,953,000 after buying an additional 23,903,375 shares during the period. Peconic Partners LLC grew its stake in shares of Dycom Industries by 2.8% in the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after buying an additional 105,586 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Dycom Industries by 21.0% in the 3rd quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock valued at $386,564,000 after buying an additional 229,579 shares during the period. Geode Capital Management LLC raised its holdings in shares of Dycom Industries by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 727,238 shares of the construction company’s stock valued at $245,771,000 after buying an additional 53,993 shares during the period. Finally, First Trust Advisors LP lifted its stake in Dycom Industries by 3.4% during the 4th quarter. First Trust Advisors LP now owns 625,171 shares of the construction company’s stock worth $211,245,000 after acquiring an additional 20,306 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Insider Activity at Dycom Industries

In related news, Director Eitan Gertel sold 3,645 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the completion of the transaction, the director owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. This trade represents a 18.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.72% of the company’s stock.

Dycom Industries News Summary

Here are the key news stories impacting Dycom Industries this week:

• Positive Sentiment: Zacks raised several near-term quarter forecasts (Q4 2028 to $2.84 from $2.54; Q1 2028 to $2.86 from $2.72; Q4 2027 to $2.48 from $2.05), which could support optimism about revenue/earnings momentum. Zacks Research notes
• Neutral Sentiment: Zacks published multi-year projections (FY2028 ~$14.51; FY2029 ~$16.61) that show long-term growth expectations, but these are forward-looking math rather than company-issued guidance. Zacks Research notes
• Negative Sentiment: Several Zacks cuts to key quarterly estimates (Q1–Q3 2027 and Q2–Q3 2028 were trimmed, including a notable Q2 2027 cut to $3.70 from $4.26), which could pressure near-term expectations. Zacks also kept a “Strong Sell” rating on DY, a negative signal for sentiment-sensitive money flows. Zacks Research notes
• Negative Sentiment: Zacks trimmed FY2027 and FY2028 EPS forecasts modestly (FY2027 to $12.76 from $13.21; FY2028 to $14.51 from $14.63), which reduces some near-to-medium-term upside in street expectations. Zacks Research notes

Dycom Industries Company Profile

Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.

Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.