Dycom Industries (DY) Beats on Q1 Earnings, Up 9.3% Y/Y - Analyst Blog

Leading specialty contracting-services provider, Dycom Industries Inc. (DY), recently reported first-quarter fiscal 2015 (three months ended Oct 25, 2014) results.  Quarterly earnings of 59 cents per share beat the Zacks Consensus Estimate of 49 cents by 20.4%, while increasing 9.3% from 54 cents earned in the prior-year quarter.

Quarterly Details

This Zacks Rank #3 (Hold) stock's quarterly contract revenues were marginally down by 0.5% year over year to $510.4 million. However, revenues surpassed the Zacks Consensus Estimate of $500 million.

The company reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $66.4 million for the quarter, an increase of 5.1% year over year.

Other Financial Details

Dycom ended the quarter with cash and cash equivalents of $16.5 million, long-term debt of $455.6 million, and shareholders' equity of $509.5 million.

Outlook

The company also provided guidance for the second quarter of fiscal 2015. Earnings are expected in the range of 7–14 cents per share, while revenues are projected within $410–$430 million.

The Zacks Consensus Estimate for second-quarter 2015 is currently pegged at 8 cents per share.

Performance of Other Stocks in the Same Industry

Chicago Bridge & Iron (CBI) posted third-quarter 2014 adjusted earnings of $1.51 per share surpassing the Zacks Consensus Estimate of $1.39 per share by 8.63%.

EMCOR Group Inc. (EME) reported third-quarter 2014 results with non-GAAP earnings of 57 cents per share, lagging the Zacks Consensus Estimate of 65 cents by 12.3%.

MasTec, Inc. (MTZ) reported third-quarter 2014 adjusted earnings of 53 cents per share, in line with the Zacks Consensus Estimate but below management's guidance of 56 cents.