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Emerson Electric (EMR) Stock Moves -0.36%: What You Should Know
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Emerson Electric (EMR - Free Report) closed the most recent trading day at $97.72, moving -0.36% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.61%. At the same time, the Dow lost 0.42%, and the tech-heavy Nasdaq gained 0.17%.
Heading into today, shares of the maker of process controls systems, valves and analytical instruments had gained 1.97% over the past month, outpacing the Industrial Products sector's gain of 1.37% and the S&P 500's gain of 0.89% in that time.
Wall Street will be looking for positivity from Emerson Electric as it approaches its next earnings report date. In that report, analysts expect Emerson Electric to post earnings of $0.88 per share. This would mark a year-over-year decline of 16.19%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.47 billion, down 22.49% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.08 per share and revenue of $14.85 billion, which would represent changes of -22.29% and -24.33%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Emerson Electric. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 4.18% lower within the past month. Emerson Electric is currently a Zacks Rank #5 (Strong Sell).
Looking at its valuation, Emerson Electric is holding a Forward P/E ratio of 24.02. For comparison, its industry has an average Forward P/E of 21.65, which means Emerson Electric is trading at a premium to the group.
It is also worth noting that EMR currently has a PEG ratio of 2.85. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Manufacturing - Electronics stocks are, on average, holding a PEG ratio of 1.97 based on yesterday's closing prices.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Emerson Electric (EMR) Stock Moves -0.36%: What You Should Know
Emerson Electric (EMR - Free Report) closed the most recent trading day at $97.72, moving -0.36% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.61%. At the same time, the Dow lost 0.42%, and the tech-heavy Nasdaq gained 0.17%.
Heading into today, shares of the maker of process controls systems, valves and analytical instruments had gained 1.97% over the past month, outpacing the Industrial Products sector's gain of 1.37% and the S&P 500's gain of 0.89% in that time.
Wall Street will be looking for positivity from Emerson Electric as it approaches its next earnings report date. In that report, analysts expect Emerson Electric to post earnings of $0.88 per share. This would mark a year-over-year decline of 16.19%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.47 billion, down 22.49% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.08 per share and revenue of $14.85 billion, which would represent changes of -22.29% and -24.33%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Emerson Electric. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 4.18% lower within the past month. Emerson Electric is currently a Zacks Rank #5 (Strong Sell).
Looking at its valuation, Emerson Electric is holding a Forward P/E ratio of 24.02. For comparison, its industry has an average Forward P/E of 21.65, which means Emerson Electric is trading at a premium to the group.
It is also worth noting that EMR currently has a PEG ratio of 2.85. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Manufacturing - Electronics stocks are, on average, holding a PEG ratio of 1.97 based on yesterday's closing prices.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.