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

MYR Group shares have been gaining momentum, with the stock up 1.8% over the past month and hitting a new 52-week high of $491.61 in the prior session. The article says MYR is up 123% since the start of the year, outperforming the Zacks Utilities sector (+8.2%) and lagging the Zacks Electric Construction industry (-60.2%). It attributes the strength to consistent earnings beats, noting that MYR has surpassed the Zacks Consensus Estimate in each of the last four quarters. In its most recent report on April 29, 2026, MYR reported EPS of $2.99 versus a consensus estimate of $2.09. For the current fiscal year, expectations are $11.43 EPS on $4.1 in revenues, and $12.48 EPS on $4.49 next year. Valuation is described as elevated, with the stock trading at 42.6X current-year EPS estimates versus a peer average of 33.7X, while carrying a Zacks Rank of #1.