MYR Group, Inc. (MYRG)
NASDAQIndustrialsEngineering & ConstructionSnapshot 2026-09-09
$286.84-0.46%
Close 2026-09-09 · 1-day change
NASDAQIndustrialsEngineering & ConstructionSnapshot 2026-09-09
Broken: Primary pillar broken — EPS grows to at least $11.47 in FY26: FY26 EPS guide $6.15 vs $11.47 target.
MYR Group grows revenue about 20% year over year. Profit rose from $34M to $65M last quarter. Management aims to keep growing revenue and profit. The company is profitable with stable management.
The stock is down 16% recently despite no bad news. Profit margins could weaken if costs rise. Revenue growth might slow below analyst expectations near 12%.
The price is about 13% above our fair value near $374. Analysts expect about 12% revenue growth. Our fair value is 9% below the Street median, so the market partly prices in strong growth but not overly so.
Breaks if: EPS falls below $11.47 in FY26
Breaks if: Operating income falls below $64.7M in any quarter
Breaks if: YoY revenue growth falls below 11.7% in FY26
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a stable company with robust earnings quality and a focus on growth through acquisitions. The current thesis is intact, supported by strong recent financial performance, but it is tempered by sector challenges and elevated risk factors.
The market appears to have a neutral valuation for MYRG, with expectations slightly below peers. There is a low fragility tier, indicating that the stock does not currently reflect significant vulnerabilities.
Fundamentals are likely to remain strong, as management has successfully increased revenue and backlog while improving operating income and profitability. However, there is a near-term risk of missing earnings estimates, although the probability is low.
The long-term thesis hinges on the performance of sector bellwethers like PWR, FIX, and EME. If these companies continue to perform well, it could provide a favorable backdrop for MYRG. Conversely, any negative guidance from these peers could impact MYRG's momentum.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports this improvement. There are no new threats identified that could weaken the thesis.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Overall, MYRG's fundamentals are strong, but the company must navigate sector headwinds and potential risks in the near term. Not investment advice.