Dycom Industries Sees Q2 Adj. Earnings Below Market - Quick Facts

(RTTNews) - Dycom Industries, Inc. (DY), a provider of specialty contracting services, announced Monday that it expects second-quarter earnings per share to range from $0.15 to $0.27. Adjusted earnings per share is expected to range from $0.24 to $0.36.

In the preceding first quarter, net income was $0.90 per share and adjusted net income was $0.99 per share.

The Company currently expects total contract revenues for the fiscal quarter ending January 27, 2018 to range from $645 million to $675 million.

On average, analysts polled by Thomson Reuters expect earnings of $0.56 per share on revenues of $671.53 million for the quarter. Analysts' estimates typically exclude special items.

Further, the company said it expects to provide a fiscal 2019 outlook for revenues and earnings per share. This annual outlook will be provided in conjunction with the Company's release of results for the fiscal quarter, currently scheduled for February 28, 2018.