…and gets beaten. This looks like one of those irrational things where they beat AND they said next quarter will be above current expectations. Curious.
http://blogs.barrons.com/stockstowatchtoday/2015/11/24/dycom…
Dycom said it earned $1.24 a share on revenue of $659.3 million. Analysts were expecting the company to earn $1.01 a share on revenue of $625.6 million.
For the upcoming second quarter, Dycom said it expects to earn between 52 cents and 60 cents a share, well ahead of the 39 cent consensus. Revenue guidance between $530 million and $550 million is also comfortably ahead of the $528 million analysts are expecting.
Nonetheless, the shares slumped today after rising in after-hours trading Monday.
There are a couple nice analyst reviews there too that are very positive an provide a nice explanation of what the company does. It meets our 1YPEG criteria.
I am adding more, wish I had time to have found this while it was tanking in the AM.