MYR Group’s Q2 earnings drop Wednesday, riding a wave of momentum after last quarter’s blockbuster $1B revenue surge—20% YoY growth and crushing EPS/EBITDA targets. Analysts expect a 10.9% revenue jump this time, up from 8.6% in Q2 2023, with little chatter suggesting confidence in the forecast. But past misses loom large—investors remain cautious. While the broader construction sector’s shares are down 3.3% in a month, MYR’s own stock is off 28.1%. Yet analysts still peg a $445.50 price target—significantly above current trading levels—hinting at optimism that could outpace near-term market pessimism.
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