Will Dycom Industries (DY) beat quarterly earnings?
Yes refers to: Yes
Short Answer
Both the model and the market expect Dycom Industries (DY) to beat quarterly earnings, with no compelling evidence of mispricing.
1. Executive Verdict
- Yes, eight upward analyst revisions suggest a Dycom earnings beat.
- Yes, Dycom's +0.69% Zacks Earnings ESP indicates a likely beat.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| Yes | 83.0% | 87.1% | The market expects Dycom Industries to beat its quarterly earnings target. |
Current Context
Dycom Industries' Q2 2027 earnings report is anticipated on August 19, 2026. Dycom Industries (DY) is scheduled to report its fiscal 2027 second quarter earnings on this date [^][^][^]. The company's fiscal Q2 concludes on August 1, 2026, with results typically released in the subsequent weeks [^]. Zacks consensus estimates for the quarter project earnings per share (EPS) at $4.62 and revenue at $1.97 billion [^]. These figures represent a year-over-year increase of approximately 38.7% for EPS and 43.2% for revenue [^]. Dycom Industries has provided fiscal 2027 second quarter guidance for non-GAAP adjusted diluted EPS in the range of $4.40 to $4.82 [^].
Analysts anticipate Dycom Industries will beat consensus EPS estimates for Q2. Market analysts widely expect Dycom Industries to surpass Q2 consensus EPS estimates [^]. This expectation is supported by a positive Earnings ESP (Expected Surprise Prediction) of +0.69% and a consistent record of beating estimates in the preceding four quarters [^]. The consensus analyst sentiment remains bullish, with a collective 'Buy' or 'Strong Buy' rating [^][^][^]. Analysts have set an average 12-month price target around $554.92, substantially above the current market price [^][^][^].
2. Market Behavior & Price Dynamics
Historical Price (Probability)
Outcome probability
Date
This prediction market, which tracks the probability of Dycom Industries (DY) beating its Q2 2027 earnings estimates, opened at a neutral 50.0% on August 6, 2026, and has since trended sharply upward. The price currently stands at 82.5%, having traded within a range of 50.0% to 85.5%. The price action has been defined by two distinct upward spikes. The first occurred on August 6, when the probability jumped 24.5 percentage points to 74.5%. This move coincided with a Bank of America Corp DE filing that announced the acquisition of 25,564 shares of DY. The second spike, a 9.5 percentage point move to 84.0%, happened on August 8, reportedly driven by premature or misleading news reports of a strong earnings beat.
The most critical technical feature of this market is the complete absence of trading volume. With zero contracts traded, the price movements do not reflect conviction from market participants placing capital. Instead, the price appears to be a direct reflection of external news flow and sentiment indicators rather than transactions between traders. The price spikes are reactions to specific events, not the result of buying or selling pressure within the market itself.
The chart suggests strong market sentiment favoring an earnings beat, with the probability holding firm above 80% following the August 8 news. The initial 50.0% level served as the starting point before the market began pricing in new information. A subsequent support level appears to have formed around 74.5% before the final push into the low-80s range. The current implied probability of 82.5% indicates a high expectation that DY will report GAAP EPS above the consensus estimate ahead of the official announcement scheduled for August 19, 2026. However, the zero-volume data means this price reflects modeled sentiment, not realized market positioning.
3. Significant Price Movements
Notable price changes detected in the chart, along with research into what caused each movement.
📈 August 08, 2026: 9.5pp spike
Price increased from 74.5% to 84.0%
Outcome: Yes
What happened: The 9.5 percentage point spike in the "Will Dycom Industries (DY) beat quarterly earnings?" market on August 8, 2026, was primarily driven by premature or misleading traditional news reporting. A report published on that date, titled "DY Q2 2026 Earnings: EPS Soars 57.4% Above Estimates in Strong Beat," appeared to announce an earnings beat [^]. This news likely misrepresented historical data from August 2025 or was speculative, as Dycom had not officially released its Q2 fiscal 2027 earnings for the quarter ended July 2026, with the official release scheduled for August 19, 2026 [^][^][^][^]. This traditional news activity directly coincided with and likely led the market movement, despite the absence of an actual earnings announcement. Social media was irrelevant, as no related activity was identified.
📈 August 06, 2026: 24.5pp spike
Price increased from 50.0% to 74.5%
Outcome: Yes
What happened: On August 06, 2026, no social media activity or traditional news announcements directly related to Dycom Industries' (DY) quarterly earnings were identified that would explain the prediction market movement. However, on that day, Bank of America Corp DE announced the acquisition of 25,564 shares of Dycom Industries, Inc. [^]. This institutional purchase, preceding the company's Q2 fiscal 2027 earnings scheduled for August 19, 2026 [^][^], may have been interpreted by prediction market participants as a significant vote of confidence in Dycom's financial outlook, thereby driving the 24.5 percentage point spike in the "Yes" outcome for beating quarterly earnings [^]. Social media was irrelevant in this instance.
4. Market Data
Contract Snapshot
This market resolves "Yes" if Dycom Industries' GAAP EPS for its next quarterly release (estimated August 19, 2026) exceeds $3.26, otherwise "No." The primary resolution source is the company's official earnings documents; if GAAP EPS is not published there, SeekingAlpha's reported figure will be used. The market resolves "No" if earnings are not released within 45 days of the estimated date, or if SeekingAlpha's figure isn't published within 96 hours of the announcement; subsequent restatements are generally disregarded, and all figures are rounded to the nearest cent.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| Yes | $0.83 | $0.18 | 83% |
Market Discussion
Dycom Industries (DY) is scheduled to report its fiscal Q2 2027 earnings on August 19, 2026, with Wall Street consensus estimates for EPS at $4.62-$4.64 and revenue at $1.97-$1.98 billion [^][^]. As of August 13, 2026, Dycom's own outlook for the quarter ending August 1, 2026, projects non-GAAP adjusted diluted EPS of $4.40-$4.82 and contract revenues of $1.94-$2.01 billion [^]. Analysis suggests a high probability of beating consensus EPS estimates, supported by a positive Earnings ESP and a strong track record, which aligns with a current "Strong Buy" consensus rating and bullish market sentiment [^][^][^].
5. Trader Dashboard
A deterministic, per-market integrity scorecard computed from order-book and price data. Higher is better for Trader Trust, Liquidity, Move Quality and Resolution; higher means more risk for Quote Risk and Avoid Risk.
YesPrimaryTrader Trust—Liquidity—Move Quality—Resolution—Quote Risk—Avoid Risk—
Move Quality—No significant move
- Factor
trader_dashboard_lean_v1.13 · computed Aug 13, 2026
6. How have consensus analyst EPS estimates for Dycom's Q2 2026 report evolved, and what factors underpin the current Zacks estimate of $4.62?
| Q2 2026 EPS Consensus Estimate | $4.62 per share (as of August 12, 2026) [^][^] |
|---|---|
| Year-over-year EPS Increase | 38.7% [^][^] |
| Estimate Stability | Unchanged for 30 days prior to August 12, 2026 [^][^] |
Dycom's Q2 2026 EPS consensus estimate is $4.62, showing strong growth. As of August 12, 2026, the consensus earnings per share estimate for Dycom Industries' second quarter of 2026 stood at $4.62 [^][^]. This estimate indicates a substantial 38.7% year-over-year increase and maintained stability over the 30 days prior to August 12, 2026 [^][^].
Analysts predict Dycom will likely surpass its consensus EPS estimate. This anticipation is reinforced by a positive Earnings ESP (Earnings Surprise Prediction) of +0.69% [^][^]. The prediction is derived from a "Most Accurate Estimate" that was higher than the $4.62 consensus [^][^]. It is important to acknowledge that consensus estimates can show slight variations across sources, such as a figure of $4.64, which reflects differences among contributing analysts or real-time updates [^].
7. What macroeconomic trends in telecom infrastructure spending could cause Dycom's Q2 2026 earnings to deviate from analyst expectations?
| Dycom Q2 2026 Earnings Report Date | August 20, 2025 [^][^][^][^] |
|---|---|
| Telecom Capex CAGR (2026-2030) | -1.8% [^][^][^][^] |
| Shift in Telecom Investment Focus | AI infrastructure, cloud-native networks, and data center interconnects [^][^][^][^] |
Telecom infrastructure spending is projected to decline from 2026-2030. Macroeconomic trends for telecom infrastructure in 2026 and beyond suggest a more disciplined investment approach from telecommunication companies, leading to declining capital expenditures. A compound annual growth rate (CAGR) of -1.8% is anticipated for this sector between 2026 and 2030, as investment priorities shift towards AI infrastructure, cloud-native networks, and data center interconnects, rather than expanding traditional ubiquitous coverage [^][^][^][^].
Current information doesn't link trends to past Dycom Q2 2026 earnings. However, the provided research does not explain how these broader macroeconomic trends, relevant for 2026 and later, could have impacted Dycom's fiscal Q2 2026 earnings or caused deviations from analyst expectations, considering that these quarterly results were officially reported several months prior in August 2025 [^][^][^][^].
8. How did Dycom's key performance indicators in Q1 2026 compare to those of its primary competitor, MasTec (MTZ)?
| Dycom Q1 2027 Contract Revenues | $1.965 billion (ended May 2, 2026) [^][^] |
|---|---|
| MasTec Q1 2026 Record Revenue | $3.8 billion (ended March 31, 2026) [^] |
| Dycom Q1 2027 Adjusted EBITDA Margin | 13.4% (ended May 2, 2026) [^][^] |
Direct comparison between Dycom and MasTec is limited by reporting periods. A full comparative analysis between Dycom's Q1 2026 and MasTec's Q1 2026 is constrained because detailed Key Performance Indicators (KPIs) are available for Dycom's Q1 2027 (ended May 2, 2026) and MasTec's Q1 2026 (ended March 31, 2026) [^][^]. For its Q1 2026, MasTec reported record revenue of $3.8 billion, marking a 34.5% year-over-year increase [^]. The company also achieved GAAP Net Income of $69.7 million, Adjusted Net Income of $118 million, and Adjusted EBITDA of $283.6 million, which represented 7.4% of contract revenue [^][^][^]. MasTec's Diluted EPS stood at $0.77, with Adjusted Diluted EPS reaching $1.39 [^][^][^].
Dycom reported record Q1 2027 revenues and strong profitability metrics. Dycom's Q1 2027, which concluded on May 2, 2026, generated record contract revenues of $1.965 billion, demonstrating a 56.1% increase year-over-year, including 24.7% organic growth [^][^]. During this period, Dycom's Net Income was $91.3 million, with Adjusted Net Income at $134.3 million. The company's Adjusted EBITDA reached $262.5 million, accounting for 13.4% of contract revenues [^][^]. Dycom reported a Diluted EPS of $3.00, and its Adjusted Diluted EPS was $4.42 [^][^].
Dycom achieved a higher adjusted EBITDA margin despite lower total revenue. When examining the available first-quarter results, Dycom's Q1 2027 showed a notably higher adjusted EBITDA margin of 13.4% compared to MasTec's Q1 2026 margin of 7.4% [^][^]. However, MasTec operated on a considerably larger total revenue scale, reporting $3.8 billion against Dycom's $1.965 billion during their respective periods [^][^]. Both companies announced record-breaking first-quarter performances and subsequently raised their full-year financial outlooks [^][^].
9. What patterns are evident in institutional ownership and insider trading activity for Dycom (DY) stock during Q2 2026?
| Institutional buying Q2 2026 | Notable activity and increased exposure [^][^][^][^] |
|---|---|
| Q2 2026 Insider Voluntary Sales | No significant open-market sales [^][^][^][^] |
| Q2 2026 Insider Activity Type | Automatic equity grants to directors [^][^][^][^] |
Institutional investors significantly increased their exposure to Dycom (DY) stock in Q2 2026. During this period, the company experienced continued interest and notable buying activity from institutional firms [^][^][^][^]. Through their SEC 13F filings, firms like Sequoia Financial Advisors, Contravisory Investment Management, and Assenagon Asset Management reported increased holdings in DY, confirming substantial purchasing trends [^][^][^][^].
Insider trading for DY during Q2 2026 showed no voluntary open-market sales. There were no significant voluntary sell-offs reported by insiders during the second quarter [^][^][^][^]. However, insider activity did include automatic equity grants to directors [^][^][^][^]. While 2026 overall saw a mix of automatic grants and some earlier selling by officers, Q2 2026 was specifically characterized by these director equity grants without substantial voluntary sell-offs [^][^][^][^].
10. Beyond the headline EPS number, what potential updates on project backlog or future guidance could Dycom provide on its August 19 earnings call?
| Expected EPS Performance | High probability of beating consensus EPS on August 19, 2026 [^][^] |
|---|---|
| BEAD Funding Impact | Expected to impact backlog in calendar 2027 [^] |
| Consecutive EPS Beats | 8 consecutive quarters as of fiscal Q1 2027 [^] |
Dycom is expected to provide updates regarding its project backlog and contracts. Specifically, the company is anticipated to clarify the transition of "verbally awarded" projects into official contract backlog [^][^]. Dycom's existing backlog largely consists of services under master service agreements and long-term contracts, primarily focusing on fiber-to-the-home and broader infrastructure deployment [^][^].
Clarity is expected on the timing of federal BEAD program funding. Management previously indicated that this funding would likely begin to impact the company's backlog during calendar year 2027, and the upcoming earnings call may offer further details on this timeline [^].
Dycom is expected to outperform EPS estimates, continuing its trend. Market sentiment suggests a high probability that the company will surpass consensus EPS estimates during its August 19, 2026 earnings release [^][^]. Dycom has a consistent history of exceeding quarterly expectations, having beaten consensus EPS estimates for eight consecutive quarters as of its fiscal Q1 2027 report [^].
11. What Could Change the Odds
Key Catalysts
Dycom Industries (DY) shows a bullish outlook from analysts, with eight upward earnings estimate revisions in the last seven days and a Zacks Earnings ESP of +0.69% as of August 13, 2026 [^] [^] . (DY) analyst ratings, estimates and forecasts – Yahoo Finance" data-source-lanes="traditional">[^]. This activity suggests a potential earnings beat against the consensus EPS estimate of $4.62–$4.71 [^]. The company has a history of surpassing earnings expectations, notably posting $4.42 EPS in Q1 2027 against a $2.73 consensus [^][^][^][^].
Dycom provided guidance for its second quarter of fiscal 2027, ending August 1, 2026, projecting contract revenues between $1.94 billion and $2.01 billion and adjusted diluted EPS in the range of $4.40 to $4.82 [^] [^] [^] . While some sources project the earnings release for August 19, 2026, others estimate August 26, 2026, with the company yet to officially confirm the exact date [^][^][^][^].
Key Dates & Catalysts
- Closes: August 19, 2026
12. Decision-Flipping Events
- Trigger: Dycom Industries (DY) shows a bullish outlook from analysts, with eight upward earnings estimate revisions in the last seven days and a Zacks Earnings ESP of +0.69% as of August 13, 2026 [^] [^] .
- Trigger: This activity suggests a potential earnings beat against the consensus EPS estimate of $4.62–$4.71 [^] .
- Trigger: The company has a history of surpassing earnings expectations, notably posting $4.42 EPS in Q1 2027 against a $2.73 consensus [^] [^] [^] [^] .
- Trigger: Dycom provided guidance for its second quarter of fiscal 2027, ending August 1, 2026, projecting contract revenues between $1.94 billion and $2.01 billion and adjusted diluted EPS in the range of $4.40 to $4.82 [^] [^] [^] .
14. Historical Resolutions
No historical resolution data available for this series.
