How will MYRG's earnings trend in 2025?

**MYRG's earnings are expected to show improvement in 2025**, as indicated by the following points: 1. **Analyst Optimism**: On March 14, 2025, Keybanc upgraded its outlook for MYR Group from Sector Weight to Overweight. This upgrade suggests that analysts are becoming more positive about the company's prospects. 2. **Price Target Increase**: The average one-year price target for MYR Group as of March 4, 2025, is $172.04, which represents a significant upside of 46.78% from its latest closing price of $117.21. This high price target suggests that analysts expect the stock to perform well in the coming year. 3. **Stable Fundamentals**: Despite a decrease in annual revenue and non-GAAP EPS, the company's gross margin improved to 10.4% in Q4 2024, up from 9.7% year-over-year. This indicates that MYR Group is making operational efficiencies that could lead to better earnings in the future. 4. **Positive Market Sentiment**: The put/call ratio for MYRG is 0.42, which indicates a bullish outlook among investors. This sentiment is supported by the fact that institutional shares owned by institutions increased by 5.23% in the last three months. In conclusion, MYRG's earnings are likely to trend upwards in 2025, given the analyst upgrades, positive price targets, improving operational efficiencies, and bullish market sentiment.