Categories Earnings, Industrials

Dycom Industries (NYSE: DY): Q3 2020 Earnings Snapshot

— Dycom Industries Inc. (NYSE: DY) reported its third-quarter 2020 adjusted earnings of $0.88 per share versus $0.72 per share expected.

— Contract revenues rose by 4.2% to $884.1 million versus $849.9 million expected. The contract revenues increased by 4.7% on an organic basis after excluding $3.9 million in contract revenues from storm restoration services.

Earnings Update by AlphaStreet

— Adjusted EBITDA decreased to $91.7 million from $98.6 million in the previous year quarter.

— Looking ahead into the fourth quarter, the company now expects total contract revenues in the range of $700-740 million compared to the consensus estimates of $747.28 million.

— For the fourth quarter, the net loss is predicted to be in the range of $0.27-0.10 per share and adjusted per-share results are anticipated to be between a loss of $0.15 and a profit of $0.02. The consensus estimates EPS of $0.10.

— The company had solid liquidity of $219.6 million at the end of Q3 2020 consisting of availability under the senior credit facility and cash on hand.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Snowflake (SNOW) appears to be on solid footing despite cloud slowdown

The cloud computing market witnessed accelerated growth in the last couple of years, as enterprises across the world shifted their digital assets to cloud for ensuring safety and enhancing data

Dollar Tree (DLTR) vs. Dollar General (DG): How did the third quarter turn out for these discount retailers?

In times of high inflation and economic uncertainty, consumers tend to turn to discount retailers in search of more value. The two leading discount retailers Dollar Tree Inc. (NASDAQ: DLTR)

Kroger (KR) looks set to start 2023 with new vigor. Is the stock a buy?

The retail environment has witnessed many changes in customers’ shopping behavior lately, especially after the COVID outbreak. With inflation putting pressure on personal finances, there appears to be a new

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top