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Emcor Group (EME) Outperforms Broader Market: What You Need to Know
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In the latest close session, Emcor Group (EME - Free Report) was up +1.97% at $494.60. The stock outpaced the S&P 500's daily gain of 0.96%. Meanwhile, the Dow experienced a rise of 0.89%, and the technology-dominated Nasdaq saw an increase of 0.94%.
Heading into today, shares of the construction and maintenance company had gained 4.69% over the past month, outpacing the Construction sector's loss of 2.29% and the S&P 500's gain of 0.5%.
Market participants will be closely following the financial results of Emcor Group in its upcoming release. It is anticipated that the company will report an EPS of $5.68, marking a 8.19% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.1 billion, reflecting a 11.85% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $23.59 per share and a revenue of $16.42 billion, representing changes of +9.62% and +12.74%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Emcor Group. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Emcor Group possesses a Zacks Rank of #2 (Buy).
Looking at its valuation, Emcor Group is holding a Forward P/E ratio of 20.56. This expresses no noticeable deviation compared to the average Forward P/E of 20.56 of its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 3, finds itself in the top 2% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Emcor Group (EME) Outperforms Broader Market: What You Need to Know
In the latest close session, Emcor Group (EME - Free Report) was up +1.97% at $494.60. The stock outpaced the S&P 500's daily gain of 0.96%. Meanwhile, the Dow experienced a rise of 0.89%, and the technology-dominated Nasdaq saw an increase of 0.94%.
Heading into today, shares of the construction and maintenance company had gained 4.69% over the past month, outpacing the Construction sector's loss of 2.29% and the S&P 500's gain of 0.5%.
Market participants will be closely following the financial results of Emcor Group in its upcoming release. It is anticipated that the company will report an EPS of $5.68, marking a 8.19% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.1 billion, reflecting a 11.85% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $23.59 per share and a revenue of $16.42 billion, representing changes of +9.62% and +12.74%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Emcor Group. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Emcor Group possesses a Zacks Rank of #2 (Buy).
Looking at its valuation, Emcor Group is holding a Forward P/E ratio of 20.56. This expresses no noticeable deviation compared to the average Forward P/E of 20.56 of its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 3, finds itself in the top 2% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.