MYRG:NASDAQMYR Group, Inc. Analysis

MYR Group posted a record Q2 2026 revenue of $1.08 billion, up 20% YoY, and delivered GAAP EPS of $3.17, beating consensus by more than 20%. The company trades at a trailing P/E of 32.3 versus an industry average of 30.9, and a forward P/E of 25, reflecting modest valuation compression as earnings are expected to rise to $13.60 per share. Technicals show the stock near its 20‑day SMA (≈$393) and above the 200‑day SMA, but the RSI sits at 32 (oversold) and MACD remains bearish, suggesting short‑term downside pressure despite a neutral trend and increasing volume. The DCF‑derived fair value of $336 is essentially inline with the current price of $339, while analyst consensus targets around $430 imply a potential upside of roughly 27%.