MYRG Stock - MYR Group Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $3.36B | $3.64B | $3.01B | $2.50B | $2.25B |
| Gross Profit | $290.32M | $364.40M | $343.96M | $324.98M | $275.85M |
| Gross Margin | 8.6% | 10.0% | 11.4% | 13.0% | 12.3% |
| Operating Income | $54.08M | $129.09M | $114.91M | $118.56M | $86.55M |
| Net Income | $30.26M | $90.99M | $83.38M | $85.01M | $58.76M |
| Net Margin | 0.9% | 2.5% | 2.8% | 3.4% | 2.6% |
| EPS | $1.84 | $5.45 | $4.97 | $5.05 | $3.52 |
MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, renewable power facilities, and limited gas construction services, as well as emergency restoration services in response to hurricane, ice, or other storm related damages. This segment serves as a prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of traffic networks, bridge, roadway, and tunnel lighting for airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy projects, manufacturing plants, processing facilities, waste-water treatment facilities, mining facilities, and transportation control and management systems. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. The company was founded in 1891 and is headquartered in Henderson, Colorado.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 1st 2025 | KeyBanc Capital Markets | Downgrade | Sector Weight | - |
| August 15th 2025 | Jefferies | Initiation | Hold | $202 |
| June 6th 2025 | Goldman | Downgrade | Neutral | - |
| April 8th 2025 | Piper Sandler | Initiation | Neutral | $124 |
| March 14th 2025 | KeyBanc Capital Markets | Upgrade | Overweight | $136 |
| February 26th 2024 | Sidoti | Downgrade | Neutral | $165 |
| January 10th 2024 | KeyBanc Capital Markets | Initiation | Sector Weight | - |
| December 15th 2023 | Goldman | Initiation | Buy | $164 |
| November 16th 2023 | Stifel | Resumed | Buy | $144 |
| October 17th 2023 | Sidoti | Upgrade | Buy | - |
| July 19th 2023 | Sidoti | Downgrade | Neutral | $163 |
| January 17th 2023 | KeyBanc Capital Markets | Downgrade | Sector Weight | - |
| October 28th 2022 | KeyBanc Capital Markets | Upgrade | Overweight | $99 |
| October 28th 2022 | Robert W. Baird | Upgrade | Outperform | $95← $92 |
Earnings History & Surprises
MYRGEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 28, 2026 | — | — | — | — |
Q1 2026 | Feb 25, 2026 | $1.73 | — | — | — |
Q4 2025 | Oct 29, 2025 | $1.82 | $2.05 | +12.6% | ✓ BEAT |
Q3 2025 | Jul 30, 2025 | $1.56 | $1.70 | +9.0% | ✓ BEAT |
Q2 2025 | Apr 30, 2025 | $1.23 | $1.45 | +17.9% | ✓ BEAT |
Q1 2025 | Feb 26, 2025 | $0.75 | $0.99 | +32.0% | ✓ BEAT |
Q4 2024 | Oct 30, 2024 | $0.35 | $0.65 | +85.7% | ✓ BEAT |
Q3 2024 | Jul 31, 2024 | $1.07 | $-0.91 | -185.0% | ✗ MISS |
Q2 2024 | May 1, 2024 | $1.16 | $1.12 | -3.4% | ✗ MISS |
Q1 2024 | Feb 28, 2024 | $1.50 | $1.43 | -4.7% | ✗ MISS |
Q4 2023 | Oct 25, 2023 | $1.30 | $1.28 | -1.5% | ✗ MISS |
Q3 2023 | Jul 26, 2023 | $1.28 | $1.33 | +3.9% | ✓ BEAT |
Q2 2023 | Apr 26, 2023 | $1.01 | $1.38 | +36.6% | ✓ BEAT |
Q1 2023 | Feb 22, 2023 | $1.06 | $1.46 | +37.7% | ✓ BEAT |
Q4 2022 | Oct 26, 2022 | $1.21 | $1.09 | -9.9% | ✗ MISS |
Q3 2022 | Jul 27, 2022 | $1.15 | $1.15 | 0.0% | = MET |
Q2 2022 | Apr 27, 2022 | $1.06 | $1.21 | +14.2% | ✓ BEAT |
Q1 2022 | Feb 23, 2022 | $1.12 | $1.20 | +7.1% | ✓ BEAT |
Q4 2021 | Oct 27, 2021 | $1.19 | $1.35 | +13.4% | ✓ BEAT |
Q3 2021 | Jul 28, 2021 | $0.99 | $1.24 | +25.3% | ✓ BEAT |
Latest News
Clear Street Initiates Coverage On MYR Group with Buy Rating, Announces Price Target of $295
📈 PositiveGoldman Sachs Maintains Neutral on MYR Group, Raises Price Target to $248
➖ NeutralMYR Group Q3 EPS $2.05 Beats $1.87 Estimate, Sales $950.400M Beat $924.167M Estimate
📈 PositiveStifel Maintains Buy on MYR Group, Raises Price Target to $226
📈 PositiveKeybanc Downgrades MYR Group to Sector Weight
📉 NegativeFrequently Asked Questions about MYRG
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