BUZZ-Dycom slips on weak profit forecast

** Shares of telecommunications contractor Dycom Industries ** fall 4% to $338 premarket

** The company forecasts Q3 adjusted EPS in the range of $4.33 to $4.79, the midpoint of which is below analysts' estimates of $4.78 - data compiled by LSEG

** It sees FY26 contract revenue between $7.48 billion and $7.66 billion, the midpoint of which is below estimates of $7.62 billion

** Dycom expects communication margins to decline in FY27, citing expansion investments and deferred wireless revenue impacts

** The company posts Q2 adjusted EPS of $5.29 and revenue of $2 billion, both above analysts' estimates

** All 12 brokerages covering the stock rate it "buy" or higher; median PT is $625 - LSEG data

** As of the last close, the stock was up 4.1% year to date