We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Emcor Group (EME) Outperforms Broader Market: What You Need to Know
Read MoreHide Full Article
Emcor Group (EME - Free Report) ended the recent trading session at $649.54, demonstrating a +1.39% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.41%. Meanwhile, the Dow gained 0.18%, and the Nasdaq, a tech-heavy index, added 0.31%.
Shares of the construction and maintenance company witnessed a gain of 3.33% over the previous month, beating the performance of the Construction sector with its loss of 0.35%, and the S&P 500's gain of 3.15%.
Market participants will be closely following the financial results of Emcor Group in its upcoming release. The company is predicted to post an EPS of $6.57, indicating a 13.28% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $4.22 billion, up 14.04% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $25.11 per share and revenue of $16.75 billion, which would represent changes of +16.68% and +15%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Emcor Group. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.45% higher within the past month. As of now, Emcor Group holds a Zacks Rank of #1 (Strong Buy).
With respect to valuation, Emcor Group is currently being traded at a Forward P/E ratio of 25.51. This denotes no noticeable deviation relative to the industry average Forward P/E of 25.51.
The Building Products - Heavy Construction industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 2, positioning it in the top 1% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow EME in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Emcor Group (EME) Outperforms Broader Market: What You Need to Know
Emcor Group (EME - Free Report) ended the recent trading session at $649.54, demonstrating a +1.39% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.41%. Meanwhile, the Dow gained 0.18%, and the Nasdaq, a tech-heavy index, added 0.31%.
Shares of the construction and maintenance company witnessed a gain of 3.33% over the previous month, beating the performance of the Construction sector with its loss of 0.35%, and the S&P 500's gain of 3.15%.
Market participants will be closely following the financial results of Emcor Group in its upcoming release. The company is predicted to post an EPS of $6.57, indicating a 13.28% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $4.22 billion, up 14.04% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $25.11 per share and revenue of $16.75 billion, which would represent changes of +16.68% and +15%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Emcor Group. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.45% higher within the past month. As of now, Emcor Group holds a Zacks Rank of #1 (Strong Buy).
With respect to valuation, Emcor Group is currently being traded at a Forward P/E ratio of 25.51. This denotes no noticeable deviation relative to the industry average Forward P/E of 25.51.
The Building Products - Heavy Construction industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 2, positioning it in the top 1% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow EME in the coming trading sessions, be sure to utilize Zacks.com.