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) Ascends While Market Falls: Some Facts to Note
Read MoreHide Full Article
Emcor Group (EME - Free Report) closed at $751.33 in the latest trading session, marking a +1.85% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.28%. On the other hand, the Dow registered a loss of 0.44%, and the technology-centric Nasdaq decreased by 0.28%.
The stock of construction and maintenance company has fallen by 5.8% in the past month, leading the Construction sector's loss of 11.11% and undershooting the S&P 500's loss of 3.59%.
The investment community will be closely monitoring the performance of Emcor Group in its forthcoming earnings report. The company is forecasted to report an EPS of $5.8, showcasing a 7.21% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $4.19 billion, indicating a 8.29% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $28.23 per share and revenue of $18.05 billion, indicating changes of +9.12% and +6.26%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Emcor Group. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.98% higher. Right now, Emcor Group possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Emcor Group currently has a Forward P/E ratio of 26.13. For comparison, its industry has an average Forward P/E of 24.4, which means Emcor Group is trading at a premium to the group.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 74, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Emcor Group (EME) Ascends While Market Falls: Some Facts to Note
Emcor Group (EME - Free Report) closed at $751.33 in the latest trading session, marking a +1.85% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.28%. On the other hand, the Dow registered a loss of 0.44%, and the technology-centric Nasdaq decreased by 0.28%.
The stock of construction and maintenance company has fallen by 5.8% in the past month, leading the Construction sector's loss of 11.11% and undershooting the S&P 500's loss of 3.59%.
The investment community will be closely monitoring the performance of Emcor Group in its forthcoming earnings report. The company is forecasted to report an EPS of $5.8, showcasing a 7.21% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $4.19 billion, indicating a 8.29% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $28.23 per share and revenue of $18.05 billion, indicating changes of +9.12% and +6.26%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Emcor Group. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.98% higher. Right now, Emcor Group possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Emcor Group currently has a Forward P/E ratio of 26.13. For comparison, its industry has an average Forward P/E of 24.4, which means Emcor Group is trading at a premium to the group.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 74, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.