
ECG Stock Forecast & Price Target
ECG Analyst Ratings
Bulls say
Everus Construction Group Inc. demonstrates a positive growth trajectory, particularly within its Transmission & Distribution (T&D) segment, which is projected to grow approximately 13% year-over-year in 2024 and 7% in 2025, driven by increased utility projects and master service agreements. The T&D segment has achieved a compound annual growth rate (CAGR) of 6% since 2019, benefiting from heightened workloads in both utility and transportation markets, and currently boasts a robust backlog of $2.9 billion, reflecting a 56% year-over-year increase. Additionally, the Electrical & Mechanical (E&M) segment has strategically focused on data centers, resulting in a doubling of project representation within its backlog, positioning the company favorably for sustained revenue growth.
Bears say
Everus Construction Group Inc. is projected to experience a decline in revenues, with the Electrical & Mechanical segment expected to decrease by approximately 9% in 2024 compared to previous years, exacerbating challenges due to difficult year-over-year comparisons. The overall estimated revenue for 2024 is $2.76 billion, reflecting a year-on-year decrease of about 3%, indicating potential challenges in maintaining growth. Additionally, broader economic conditions pose significant risks, including reduced expenditures on construction projects and increased volatility in competitive bidding, which could further impact the company's financial stability and growth trajectory.
This aggregate rating is based on analysts' research of Everus Construction Group, Inc. and is not a guaranteed prediction by Public.com or investment advice.
ECG Analyst Forecast & Price Prediction
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