Dycom Industries, Inc. (NYSE:DY) just released its first-quarter report and things are looking bullish. The company beat forecasts, with revenue of US$1.3b, some 5.4% above estimates, and statutory earnings per share (EPS) coming in at US$2.09, 27% ahead of expectations. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

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After the latest results, the nine analysts covering Dycom Industries are now predicting revenues of US$5.38b in 2026. If met, this would reflect a solid 12% improvement in revenue compared to the last 12 months. Per-share earnings are expected to leap 20% to US$9.66. Before this earnings report, the analysts had been forecasting revenues of US$5.24b and earnings per share (EPS) of US$9.27 in 2026. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings.

See our latest analysis for Dycom Industries

With these upgrades, we're not surprised to see that the analysts have lifted their price target 24% to US$261per share. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Dycom Industries at US$300 per share, while the most bearish prices it at US$250. 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.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that Dycom Industries' rate of growth is expected to accelerate meaningfully, with the forecast 16% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 9.5% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 7.8% per year. 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.