MYR Group, Inc. (NASDAQ:MYRG) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, MYRG to report 3Q20 income of $ 0.75 per share.
For the full year, analysts anticipate top line of $ 2165.12 million, while looking forward to income of $ 2.83 per share bottom line.
Previous Quarter Performance
MYR Group, Inc. unfold income for the second quarter of $ 0.80 per share, from the revenue of $ 513.05 million. The consensus estimates are income of $ 0.45 per share from $ 497.68 million in revenue. The bottom line results beat street analysts by $ 0.35 or 77.78 percent, at the same time, top line results outshined analysts by $ 15.37 million or 3.09 percent.
Stock Performance
Shares of MYR Group, Inc. traded low $ -0.80 or -1.80 percent on Tuesday, reaching $ 43.74 with volume of 66.80 thousand shares. MYR Group, Inc. has traded high as $ 44.88 and has cracked $ 43.10 on the downward trend
According to the previous trading day, closing price of $ 43.74, representing a 172.75 % increase from the 52 week low of $ 16.33 and a 4.65 % decrease over the 52 week high of $ 46.71.
The company has a market capital of $ 765.67 million and is part of the Industrials sector and Engineering & Construction industry.
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.
