Stocks To Watch Ahead Of Earnings: MYR Group

By INVESTOR'S BUSINESS DAILY

If you're looking for stocks that are setting up in a base ahead of their next quarterly report, here's one that fits the bill: MYR Group. It's expected to report on Oct. 28 and is trading approximately 5% under a 110.69 entry. The base is a third-stage flat base, which is less likely than an earlier-stage base to generate a big new run.

Understand that buying a stock just ahead of earnings can be risky since you typically don't have enough time to establish a profit cushion before the latest quarterly numbers come out. Be sure to follow sound buy and sell rules to minimize your exposure.

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EPS growth dropped in the company's latest report from 98% to 55%, but sales rose from 14% to 27%.

Analysts expect EPS growth of 15% for the quarter, and a 35% gain for the full year.

The company has a 96 Composite Rating and earns the No. 1 rank among its peers in the Building-Maintenance & Services industry group. Emcor and Vectrus are also among the group's highest-rated stocks.

Note: Dates for earnings reports are subject to change. Check the company's website for any updates.


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