Dycom sees Q2 EPS (10c)-(8c), consensus 8c Sees Q2 revenue $390M, consensus $415.39M. Dycom Industries announced that revenue and results for Q2, will be below previous guidance. Worse than expected weather during the latter part of the fiscal quarter sharply impacted the company's Q2 results. Major snowfalls and extremely cold temperatures reduced the number of available workdays and negatively impacted productivity and margins.
Dycom price target raised to $48-$50 from $41-$43 at Wells Fargo Wells Fargo increased its price target on Dycom as the firm thinks the company reported very strong Q2 results. The firm says the company's strong bookings bode well for its future results. It keeps an Outperform rating on the shares.