Shareholders of MYR Group Inc. (NASDAQ:MYRG) will be pleased this week, given that the stock price is up 14% to US$130 following its latest third-quarter results. Revenues of US$888m fell slightly short of expectations, but earnings were a definite bright spot, with statutory per-share profits of US$0.65 an impressive 55% ahead of estimates. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

Check out our latest analysis for MYR Group

After the latest results, the four analysts covering MYR Group are now predicting revenues of US$3.61b in 2025. If met, this would reflect a reasonable 2.1% improvement in revenue compared to the last 12 months. Per-share earnings are expected to soar 160% to US$6.18. Before this earnings report, the analysts had been forecasting revenues of US$3.66b and earnings per share (EPS) of US$5.70 in 2025. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.

There's been no major changes to the consensus price target of US$131, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values MYR Group at US$138 per share, while the most bearish prices it at US$124. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the MYR Group's past performance and to peers in the same industry. It's pretty clear that there is an expectation that MYR Group's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 1.7% growth on an annualised basis. This is compared to a historical growth rate of 13% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 8.4% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than MYR Group.