Market Buzz: Dycom Beats Q2 Estimates; Bullish Stance on Safehold
- August 23rd, 2023
- 373 views
Dycom Industries, Inc. (NYSE: DY), a significant player in the infrastructure and specialty contracting sector, reported second-quarter fiscal 2024 earnings of $2.03 per share, surpassing the consensus EPS estimate of $1.66. The company's quarterly sales reached $1.04 billion, slightly exceeding analysts' projected revenue of $1.03 billion.
$DY was trading at $99.02 in pre-market, up $0.88 (+0.90%)
In other news, Safehold Inc. (NYSE: SAFE), a prominent real estate investment company, garnered attention as Goldman Sachs initiated coverage with a Buy rating and set a price target of $25.
With $SAFE closing at $20.37 on Tuesday, this price target suggests a potential upside of $4.63 per share or approximately 22.72%, in accordance with the investment banking firm's view
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