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Last week, you might have seen that Dycom Industries, Inc. (NYSE:DY) released its yearly result to the market. The early response was not positive, with shares down 4.4% to US$164 in the past week. Dycom Industries reported US$4.7b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of US$7.92 beat expectations, being 2.4% higher than what the analysts expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
Check out our latest analysis for Dycom Industries
Taking into account the latest results, the consensus forecast from Dycom Industries' six analysts is for revenues of US$5.27b in 2026. This reflects a solid 12% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to grow 17% to US$9.34. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$5.30b and earnings per share (EPS) of US$9.32 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
The analysts reconfirmed their price target of US$214, showing that the business is executing well and in line with expectations. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Dycom Industries, with the most bullish analyst valuing it at US$224 and the most bearish at US$201 per share. This is a very narrow spread of estimates, implying either that Dycom Industries is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The analysts are definitely expecting Dycom Industries' growth to accelerate, with the forecast 12% annualised growth to the end of 2026 ranking favourably alongside historical growth of 8.6% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 7.7% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Dycom Industries to grow faster than the wider industry.