Everus Construction Poised to Outperform its FY25 Outlook, Oppenheimer Says

MT Newswires Live
Jul 18, 2025

Everus Construction Group's (ECG) key financial metrics are still strong, indicating that the encouraging trend from Q1 has probably continued into Q2, Oppenheimer said in a Friday note.

The fundamentals of transmission and distribution are solid, supported by efforts to strengthen the grid, although poor weather that influenced Q1 results continued to affect operations in the succeeding quarter, the note said.

Due to E&M/T&D momentum, a backlog of +41% year-on-year for Q2 and having conservative guidance, Oppenheimer sees the company has the potential to exceed its FY25 forecast.

Oppenheimer raised its price target to $77 from $60, while maintaining an outperform rating on the stock.

Price: 68.73, Change: -0.47, Percent Change: -0.68

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