MYR Group, Inc. (MYRG)

NASDAQIndustrialsEngineering & ConstructionSnapshot 2026-10-23

$254.49-0.19%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge MYR Group, Inc.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-12-30
Revenue	—	1.16B
EPS	—	2.988
Annual ending 2026-12-31
Revenue	—	4.4B
EPS	—	12.159
Annual ending 2027-12-31
Revenue	—	5.08B
EPS	—	14.345

Management figures unavailable.

What the Thesis Depends On

Three published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
EPS grows to at least $11.47 in FY26	A primary condition in MYR Group, Inc.'s published investment case. The stated target is >=11.47 USD per share.	Broken	EPS falls below $11.47 in FY26	Diluted EPS: $3.17 per share FY2026-Q2; GAAP. Published target: >=11.47 USD per share. Target period is not explicitly aligned with this observation. Source published Jul 29, 20263.17 USD/share · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 9f6dfc48-4d72-4ad9-8941-5ef8924b1cae. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Operating income grows to at least $64.7M next quarter	A primary condition in MYR Group, Inc.'s published investment case. The stated target is >=64.7 million USD.	Improving	Operating income falls below $64.7M in any quarter	Operating income: $67.945M FY2026-Q2; GAAP. Published target: >=64.7 million USD. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Jul 29, 202667,945,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 9f6dfc48-4d72-4ad9-8941-5ef8924b1cae. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Revenue grows at least 11.7% in next 12 months	A primary condition in MYR Group, Inc.'s published investment case. The stated target is >=11.7% YoY.	Intact	YoY revenue growth falls below 11.7% in FY26	Revenue growth: 20.15% FY2026-Q2; GAAP. Published target: >=11.7% YoY. Target period is not explicitly aligned with this observation. Source published Jul 29, 202620.148502 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: 9f6dfc48-4d72-4ad9-8941-5ef8924b1cae. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPSUnavailable

$13.47 → Unavailable · observed estimates

FY2027 revenueUnavailable

$4.59B → Unavailable · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$13.47	$4,593,055,000	6 / 6
2026-07-25	$13.47	$4,593,055,000	6 / 6
2026-07-26	$13.47	$4,593,055,000	6 / 6
2026-07-27	$13.47	$4,593,055,000	6 / 6
2026-07-28	$13.47	$4,593,055,000	6 / 6
2026-07-29	$13.47	$4,593,055,000	6 / 6
2026-07-30	$13.47	$4,593,055,000	6 / 6
2026-07-31	$13.60	$4,682,431,670	6 / 6
2026-08-01	$13.59	$4,717,671,736	5 / 5
2026-08-02	$13.83	$4,784,431,670	6 / 6
2026-08-03	$13.89	$4,872,296,736	5 / 5
2026-08-04	$13.83	$4,784,431,670	6 / 6
2026-08-05	$13.89	$4,872,296,736	5 / 5
2026-08-06	$13.89	$4,872,296,736	5 / 5
2026-08-07	$13.89	$4,872,296,736	5 / 5
2026-08-08	$13.89	$4,872,296,736	5 / 5
2026-08-09	$14.22	$4,884,998,330	6 / 6
2026-08-10	$13.89	$4,872,296,736	5 / 5
2026-08-12	$14.38	$4,992,565,000	6 / 6
2026-08-13	$13.89	$4,872,296,736	5 / 5
2026-08-14	$13.89	$4,872,296,736	5 / 5
2026-08-15	$13.89	$4,872,296,736	5 / 5
2026-08-16	$13.89	$4,872,296,736	5 / 5
2026-08-17	$13.89	$4,872,296,736	5 / 5
2026-08-18	$13.89	$4,872,296,736	5 / 5
2026-08-19	$13.89	$4,872,296,736	5 / 5
2026-08-20	$14.45	Unavailable	5 / 4
2026-08-21	$14.45	Unavailable	5 / 4
2026-08-22	$14.45	Unavailable	5 / 4
2026-08-23	$14.45	Unavailable	5 / 4
2026-08-24	$14.45	Unavailable	5 / 4
2026-08-25	$14.45	Unavailable	5 / 4
2026-08-26	$14.45	Unavailable	5 / 4
2026-08-27	$14.45	Unavailable	5 / 4
2026-08-28	$14.45	Unavailable	5 / 4
2026-08-29	$14.45	Unavailable	5 / 4
2026-08-30	$14.45	Unavailable	5 / 4
2026-08-31	$14.45	Unavailable	5 / 4
2026-09-01	$14.45	Unavailable	5 / 4
2026-09-02	$14.45	Unavailable	5 / 4
2026-09-03	$14.45	Unavailable	5 / 4
2026-09-04	$14.45	Unavailable	5 / 4
2026-09-05	$14.45	Unavailable	5 / 4
2026-09-06	$14.45	Unavailable	5 / 4
2026-09-07	$14.45	Unavailable	5 / 4
2026-09-08	$14.45	Unavailable	5 / 4
2026-09-09	$14.45	Unavailable	5 / 4
2026-09-10	$14.45	Unavailable	5 / 4
2026-09-11	$14.45	Unavailable	5 / 4
2026-09-12	$14.45	Unavailable	5 / 4
2026-09-13	Unavailable	Unavailable	4 / 4
2026-09-14	Unavailable	Unavailable	4 / 4
2026-09-15	Unavailable	Unavailable	4 / 4
2026-09-16	Unavailable	Unavailable	4 / 4
2026-09-17	Unavailable	Unavailable	4 / 4
2026-09-18	Unavailable	Unavailable	4 / 4
2026-09-19	Unavailable	Unavailable	4 / 4
2026-09-20	Unavailable	Unavailable	4 / 4
2026-09-21	Unavailable	Unavailable	4 / 4
2026-09-22	Unavailable	Unavailable	4 / 4
2026-09-23	Unavailable	Unavailable	4 / 4
2026-09-24	Unavailable	Unavailable	4 / 4
2026-09-25	Unavailable	Unavailable	4 / 4
2026-09-26	Unavailable	Unavailable	4 / 4
2026-09-27	Unavailable	Unavailable	4 / 4
2026-09-28	Unavailable	Unavailable	4 / 4
2026-09-29	Unavailable	Unavailable	4 / 4
2026-09-30	Unavailable	Unavailable	4 / 4
2026-10-01	Unavailable	Unavailable	4 / 4
2026-10-02	Unavailable	Unavailable	4 / 4
2026-10-03	Unavailable	Unavailable	4 / 4
2026-10-04	Unavailable	Unavailable	4 / 4
2026-10-05	Unavailable	Unavailable	4 / 4
2026-10-06	Unavailable	Unavailable	4 / 4
2026-10-07	Unavailable	Unavailable	4 / 4
2026-10-08	Unavailable	Unavailable	4 / 4
2026-10-09	Unavailable	Unavailable	4 / 4
2026-10-10	Unavailable	Unavailable	4 / 4
2026-10-11	Unavailable	Unavailable	4 / 4
2026-10-12	Unavailable	Unavailable	4 / 4
2026-10-13	Unavailable	Unavailable	4 / 4
2026-10-14	Unavailable	Unavailable	4 / 4
2026-10-15	Unavailable	Unavailable	4 / 4
2026-10-16	Unavailable	Unavailable	4 / 4
2026-10-17	Unavailable	Unavailable	4 / 4
2026-10-18	Unavailable	Unavailable	4 / 4
2026-10-19	Unavailable	Unavailable	4 / 4
2026-10-20	Unavailable	Unavailable	4 / 4
2026-10-21	Unavailable	Unavailable	4 / 4
2026-10-22	Unavailable	Unavailable	4 / 4
2026-10-23	Unavailable	Unavailable	4 / 4
2026-10-24	Unavailable	Unavailable	4 / 4

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-05-01	4	4
2026-06-01	4	4
2026-07-01	3	4
2026-08-01	3	4
2026-09-01	3	4
2026-10-01	4	4

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 4 Buy / Strong Buy · 4 Hold · 0 Sell / Strong Sell

1 upgrades0 downgrades1 maintains

Recent actions · Sep 25–Oct 24 · 2 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

Goldman SachsOct 22 · prior Aug 13

$422.00 → $331.00-21.6%

Stifel NicolausOct 8 · prior May 4

$503.00 → $393.00-21.9%

JefferiesOct 6 · prior Jul 10

$392.00 → $370.00-5.6%

$0$276.65$553.30

0 raises · 3 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

EPS grows to at least $11.47 in FY26Published status: Broken
Operating income grows to at least $64.7M next quarterOperating income: $67.945M
Revenue grows at least 11.7% in next 12 monthsRevenue growth: 20.15%

Next proof point

Oct 28, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

1.8%Typical daily move · historical

Downside history

-49.2%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

MYR Group, Inc. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

This is a growth-oriented industrial contractor with recent strong financial performance and robust earnings quality. The long-term thesis is intact, and its signal has recently improved, but elevated risk and a sector headwind keep the picture mixed.

What's priced into MYR Group, Inc.

Valuation is tagged as justified, with low fragility, while the evidence also points to a valuation discount versus peers. The expectations gap is slightly negative, suggesting expectations are not especially demanding, though the valuation model has only medium confidence.

What the fundamentals likely do

Near-term results show progress: revenue, backlog, operating income, and gross margin all increased year over year, and management delivered on growth and profitability priorities. The acquisitions of Valley Electric and Comet Electric closed as planned, but recent financial-obligation news adds a capital-allocation concern; a guidance cut would be a meaningful negative, despite the stated low near-term miss risk.

What MYR Group, Inc. hinges on

Over the next few quarters, the thesis depends on MYRG sustaining revenue and backlog growth while protecting margins and integrating the acquired businesses. Sector signals also matter: continued strength from PWR, FIX, and EME could support the backdrop, while misses or lower guidance from those peers would weaken it.