Clear Street has initiated coverage on MYR Group Inc (MYRG) with a Buy rating, marking its first assessment of the company. This decision reflects the firm's analysis of MYR Group's business fundamentals, industry dynamics, and growth prospects.
Headquartered in Thornton, Colorado, MYR Group is a holding company that provides electrical construction services. The company operates primarily in the construction industry and employs approximately 8,500 full-time workers. It serves electric utility infrastructure and commercial markets through its two main segments: Transmission and Distribution (T&D) and Commercial and Industrial (C&I).
As of December 15, 2025, MYR Group's stock is priced at $220.51, with a market capitalisation of $3.6 billion. The company reported a trailing twelve-month (TTM) price-to-earnings (P/E) ratio of 37.03 and earnings per share (EPS) of 6.19.
Upcoming earnings reports indicate expectations of an EPS of $2.25 on revenue of $999.1 million for July 28, 2026, and an EPS of $2.10 on revenue of $930.0 million for April 28, 2026. Recent performance has shown positive surprises, with Q3 2025 EPS reported at $2.05, exceeding estimates by 4.9%.
Analyst ratings can be a useful guide for investors, although they are based on assumptions that may not materialise. Therefore, investment decisions should consider multiple factors, including company fundamentals and market conditions. As of December 1, 2025, the consensus rating for MYR Group among analysts stands at Buy, with 5 Strong Buy, 3 Buy, and 4 Hold ratings recorded.
This update provides insight into the evolving perceptions of MYR Group's market potential and highlights the importance of ongoing analysis in investment decisions.