MYR Group, Inc. (MYRG) Hit a 52 Week High, Can the Run Continue?

Shares of MYR Group (MYRG) have been strong performers lately, with the stock up 1.8% over the past month. The stock hit a new 52-week high of $491.61 in the previous session. MYR has gained 123% since the start of the year compared to the 8.2% gain for the Zacks Utilities sector and the -60.2% return for the Zacks Electric Construction industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, having beaten the Zacks Consensus Estimate in each of the last four quarters. In its last earnings report on April 29, 2026, MYR reported EPS of $2.99 versus consensus estimate of $2.09.For the current fiscal year, MYR is expected to post earnings of $11.43 per share on $4.1 in revenues. This represents a 51.79% change in EPS on a 12.01% change in revenues. For the next fiscal year, the company is expected to earn $12.48 per share on $4.49 in revenues. This represents a year-over-year change of 9.19% and 9.57%, respectively.Valuation MetricsThough MYR has recently hit a 52-week high, what is next for MYR? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). The individual style scores for Value, Growth, Momentum and the combined VGM Score run from A through F. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.MYR has a Value Score of D. The stock's Growth and Momentum Scores are A and A, respectively, giving the company a VGM Score of B.In terms of its value breakdown, the stock currently trades at 42.6X current fiscal year EPS estimates, which is a premium to the peer industry average of 33.7X. On a trailing cash flow basis, the stock currently trades at 40.9X versus its peer group's average of 40.9X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.Zacks RankWe also need to consider the stock's Zacks Rank, as this is even more important than the company's VGM Score. Fortunately, MYR currently has a Zacks Rank of #1 (Strong Buy) thanks to a solid earnings estimate revision trend.Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if MYR fits the bill. Thus, it seems as though MYR shares could have potential in the weeks and months to come.Beyond Nvidia: AI's Second Wave Is HereThe AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.See Stocks Now >>This article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks