Dycom Industries saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 94 to 96.
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The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. Winning stocks often have a 95 or higher rating in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
Dycom Industries is currently forming a consolidation, with a 207.20 buy point. See if the stock can break out in volume at least 40% above average.
The stock earns a 92 EPS Rating, which means its recent quarterly and annual earnings growth tops 92% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 48% earnings gain for Q4. Revenue growth increased 14%, up from 12% in the prior quarter. That marks one quarter of rising revenue gains. The company's next quarterly report is expected on or around May. 21.
Dycom Industries earns the No. 2 rank among its peers in the Telecom-Infrastructure industry group. Ubiquiti is the top-ranked stock within the group.
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