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Why the Market Dipped But Emcor Group (EME) Gained Today
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Emcor Group (EME - Free Report) closed the most recent trading day at $737.66, moving +1.25% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 1.36%. Meanwhile, the Dow experienced a drop of 1.64%, and the technology-dominated Nasdaq saw a decrease of 1.46%.
Shares of the construction and maintenance company have depreciated by 8.65% over the course of the past month, outperforming the Construction sector's loss of 9.81%, and lagging the S&P 500's loss of 1.76%.
The investment community will be closely monitoring the performance of Emcor Group in its forthcoming earnings report. In that report, analysts expect Emcor Group to post earnings of $5.8 per share. This would mark year-over-year growth of 7.21%. Meanwhile, the latest consensus estimate predicts the revenue to be $4.19 billion, indicating a 8.29% increase compared to the same quarter of the previous year.
EME's full-year Zacks Consensus Estimates are calling for earnings of $28.23 per share and revenue of $18.05 billion. These results would represent year-over-year changes of +9.12% and +6.26%, respectively.
It is also important to note the recent changes to analyst estimates for Emcor Group. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.98% higher. Emcor Group is currently a Zacks Rank #3 (Hold).
In terms of valuation, Emcor Group is presently being traded at a Forward P/E ratio of 25.81. This expresses a premium compared to the average Forward P/E of 24.69 of its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 86, which puts it in the top 36% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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Why the Market Dipped But Emcor Group (EME) Gained Today
Emcor Group (EME - Free Report) closed the most recent trading day at $737.66, moving +1.25% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 1.36%. Meanwhile, the Dow experienced a drop of 1.64%, and the technology-dominated Nasdaq saw a decrease of 1.46%.
Shares of the construction and maintenance company have depreciated by 8.65% over the course of the past month, outperforming the Construction sector's loss of 9.81%, and lagging the S&P 500's loss of 1.76%.
The investment community will be closely monitoring the performance of Emcor Group in its forthcoming earnings report. In that report, analysts expect Emcor Group to post earnings of $5.8 per share. This would mark year-over-year growth of 7.21%. Meanwhile, the latest consensus estimate predicts the revenue to be $4.19 billion, indicating a 8.29% increase compared to the same quarter of the previous year.
EME's full-year Zacks Consensus Estimates are calling for earnings of $28.23 per share and revenue of $18.05 billion. These results would represent year-over-year changes of +9.12% and +6.26%, respectively.
It is also important to note the recent changes to analyst estimates for Emcor Group. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.98% higher. Emcor Group is currently a Zacks Rank #3 (Hold).
In terms of valuation, Emcor Group is presently being traded at a Forward P/E ratio of 25.81. This expresses a premium compared to the average Forward P/E of 24.69 of its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 86, which puts it in the top 36% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.