Why Dycom Industries (DY) is a Top Momentum Stock for the Long-Term
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Is This 1 Momentum Stock a Screaming Buy Right Now?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
Dycom Industries (DY)
Based in North America, Dycom Industries Inc. is a specialty contracting firm operating in the telecom industry. The company provides diverse services such as engineering, construction, maintenance and installation services for the cable and telephone companies. Dycom provides specialty constructing services to the following customers:
DY boasts a Momentum Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of Dycom Industries has seen some interesting price action recently; the stock is up 2.1% over the past one week and up 6.6% over the past four weeks. And in the last one-year period, DY has lost 8.4%. As for the stock's trading volume, 334,818.16 shares on average were traded over the last 20 days.
Momentum investors also pay close attention to a company's earnings. For DY, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.17 to $6.50 per share for 2024. DY boasts an average earnings surprise of 147.4%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding DY to their portfolios.
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Dycom Industries, Inc. (DY) : Free Stock Analysis Report
