Dycom Reports Upbeat Q3, Provides Optimistic Revenue Guidance for Next Quarter
| DY Stock | USD 175.17 3.15 1.77% |
Slightly above 55% of Dycom Industries' investor base is interested to short. The current sentiment regarding investing in Dycom Industries stock implies that many traders are impartial. Dycom Industries' investing sentiment can be driven by a variety of factors including economic data, Dycom Industries' earnings reports, geopolitical events, and overall market trends.
Dycom |
Telecommunications company Dycom beat Wall Streets revenue expectations in Q3 CY2024, with sales up 12 percent year on year to 1.27 billion. On top of that, next quarters revenue guidance was surprisingly good and 13.9 percent above what analysts were expecting. Its non-GAAP profit of 2.68 per share was 16.1 percent above analysts consensus estimates.
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Dycom Industries Current Investor Sentiment
Panic Vs Confidence
45
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Dycom Industries' input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Dycom Industries.
News SentimentBullish | Hype SentimentBearish | Insider SentimentDisposing |
Dycom Industries Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Dycom Industries can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Dycom Industries Fundamental Analysis
We analyze Dycom Industries' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dycom Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dycom Industries based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Total Debt
Total Debt Comparative Analysis
Dycom Industries is currently under evaluation in total debt category among its peers. Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Dycom Industries Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Dycom Industries stock to make a market-neutral strategy. Peer analysis of Dycom Industries could also be used in its relative valuation, which is a method of valuing Dycom Industries by comparing valuation metrics with similar companies.
Peers
Dycom Industries Related Equities
| VATE | Innovate Corp | 1.11 |
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| ESOA | Energy Services | 3.86 |
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| ECG | Everus Construction | 5.11 |
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Additional Tools for Dycom Stock Analysis
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