What's behind MYRG's consecutive earnings misses?

**MYR Group Inc (MYRG) has experienced a decline in revenue**, which contributes to its consecutive earnings misses. The latest report period for MYRG is for Q4 2024. Here are the key points to consider:

1. **Revenue Decline**: MYR Group's sales fell by 17.4% year-on-year, amounting to $829.8 million. This decline is a significant factor in the company's earnings miss.
2. **Strategic Focus**: Despite the revenue decline, MYRG has been focusing on strategic growth and margin improvements. The company's gross margins have increased, but the revenue decline may overshadow these improvements.
3. **Analyst Expectations**: Analysts had higher expectations for MYRG's revenue, with an average price target of $154.33, indicating a potential for higher sales. The actual revenue fell short of these expectations, leading to an earnings miss.
4. **Historical Performance**: MYRG's full-year revenue declined by 7.7% compared to the previous year, with a decrease in net income from $91.0 million to $30.3 million. This trend suggests that the company has been facing challenges in maintaining its financial performance over the past year.

In conclusion, MYRG's consecutive earnings misses are primarily due to a decline in revenue. While the company has been making efforts to improve margins and navigate strategic growth, the revenue decline has been a persistent challenge. Investors should monitor MYRG's revenue trends and the company's ability to execute its strategic plans to achieve sustained growth.