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Stock impact report

Construction and Maintenance Services Stocks Q2 Recap: Benchmarking MYR Group (NASDAQ:MYRG) [Yahoo! Finance]

MYR Group, Inc. (MYRG) 
Last myr group, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.myrgroup.com/investor-relations
Company Research Source: Yahoo! Finance
Construction and maintenance services companies not only boast technical know-how in specialized areas but also may hold special licenses and permits. Those who work in more regulated areas can enjoy more predictable revenue streams - for example, fire escapes need to be inspected every five years–. More recently, services to address energy efficiency and labor availability are also creating incremental demand. But like the broader industrials sector, construction and maintenance services companies are at the whim of economic cycles as external factors like interest rates can greatly impact the new construction that drives incremental demand for these companies' offerings. The 13 construction and maintenance services stocks we track reported a mixed Q2. As a group, revenues missed analysts' consensus estimates by 1% while next quarter's revenue guidance was 2% below. The Fed cut its policy rate by 50bps (half a percent) in September 2024, the first in roughly four years. This mar Show less Read more
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