MYR Group Soars 37.5% YTD with 8% Earnings Estimate Boost
MYR Group’s shares have risen 37.5% year-to-date, outperforming the utilities sector’s 11.3% average, while its 90-day consensus full-year earnings estimate climbed 8%. The company holds a Zacks Rank of #1 in the #4-ranked utilities sector and sits atop the Electric Construction industry, which has fallen 72.9% this year.
1. YTD Performance Outpaces Sector
MYR Group has gained about 37.5% so far this year, compared with an 11.3% average rise for the utilities sector and a 15.2% return for NiSource, highlighting its strong relative performance.
2. Earnings Estimate Revision Upward Trend
Analysts have increased MYR Group’s consensus full-year earnings estimate by 8% over the past 90 days, signaling growing confidence in future profitability. In contrast, NiSource’s EPS estimate has edged up 0.5% in the same period.
3. Sector and Industry Ranking
The company holds a Zacks Rank of #1 within the utilities sector, which is ranked fourth among 16 sectors. Within the Electric Construction industry—ranked eighth of industry groups—its peers have lost an average of 72.9% this year, underscoring MYR Group’s standout performance.