MYR Group, Inc. MYRG

Zacks Investment Research 13 nov

Quanta Services (PWR) reported strong Q3 2026 results with adjusted EPS surging 82% to $6.06 and revenues jumping 57.4% to $12.01 billion, both exceeding consensus estimates. The company raised full-year 2026 guidance and reported a record $63.7 billion backlog, driven by rising demand for power infrastructure and electrification projects. However, the stock trades at a premium valuation of 29.88X forward P/E compared to industry peers.

Zacks Investment Research 4 nov

MYR Group (MYRG) reported strong Q3 2026 earnings, beating consensus estimates with $3.82 EPS and $1.26B in revenues. The company projects 15%-18% consolidated revenue growth in 2027, driven by C&I segment expansion (18%-22% growth) and accelerating T&D demand (10%-13% growth). C&I margins improved to 8.7% from 6.4%, while backlog surged 38.2% to $3.68B. Management expects larger transmission projects to begin in late 2027, with significant activity anticipated in 2028.

Zacks Investment Research 13 oct

Quanta Services (PWR) has delivered impressive 64.6% YTD returns driven by strong infrastructure demand, record $53.4B backlog, and strategic acquisitions. However, elevated valuation at 36.92X forward P/E—significantly above industry average of 23.67X—raises concerns about sustainability. The company maintains a Hold rating despite favorable long-term prospects, as much of expected growth appears already priced in.

Zacks Investment Research 1 oct

Iberdrola S.A. (IBDRY) has returned 7.9% year-to-date, outperforming the Utilities sector average of -6.4%. The stock holds a Zacks Rank #2 (Buy) with improving analyst sentiment, as consensus earnings estimates have risen 2.1% over the past 90 days. MYR Group (MYRG) has also outperformed significantly with 33.9% year-to-date returns and a Zacks Rank #1 (Strong Buy).

Zacks Investment Research 30 sept

MYR Group (MYRG) has been upgraded to Zacks Rank #1 (Strong Buy) due to upward trends in earnings estimates. The electrical construction services provider is expected to earn $12.43 per share for fiscal year 2026, with analysts raising consensus estimates by 8.7% over the past three months. The upgrade positions the stock in the top 5% of Zacks-covered stocks, suggesting potential near-term price appreciation.