DY Gigantic EPS Forecast Hikes Over Last 7 Days
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Earnings growth is the primary driver of stock market activity. A few readers have asked me how I can be short any of my stock picks on this website and so confident to challenge anyone to attempt. This really is the way people, EPS predict increase.
Dycom Industries stock has received substantial EPS outlook increases over the last seven days. About 30 days ago, the EPS forecast was $0.58. Then 7 days ago, that was increased to $0.74. Then only a couple of days ago it was raised again to $0.78. Folks, that is a whopping 34% increase in the EPS outlook in only the last 7 days! Wow!
Institutional traders and money managers observe and track EPS forecasts carefully. As soaring gain is what most investors are after nothing is more important than earnings growth.
Source: Dycom Industries Stock Has Big EPS Forecast Hikes