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Emerson Electric (EMR) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest trading session, Emerson Electric (EMR - Free Report) closed at $126.31, marking a -3.48% move from the previous day. The stock's change was less than the S&P 500's daily loss of 1.74%. Elsewhere, the Dow lost 1.01%, while the tech-heavy Nasdaq lost 2.38%.
Heading into today, shares of the maker of process controls systems, valves and analytical instruments had lost 11.84% over the past month, lagging the Industrial Products sector's loss of 7.25% and the S&P 500's loss of 4.99%.
Analysts and investors alike will be keeping a close eye on the performance of Emerson Electric in its upcoming earnings disclosure. In that report, analysts expect Emerson Electric to post earnings of $1.55 per share. This would mark year-over-year growth of 4.73%. Our most recent consensus estimate is calling for quarterly revenue of $4.62 billion, up 4.32% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.5 per share and revenue of $18.98 billion. These totals would mark changes of +8.33% and +5.36%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Emerson Electric. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.08% lower within the past month. Emerson Electric is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Emerson Electric currently has a Forward P/E ratio of 20.14. For comparison, its industry has an average Forward P/E of 24.55, which means Emerson Electric is trading at a discount to the group.
We can also see that EMR currently has a PEG ratio of 2.09. 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. The Manufacturing - Electronics industry currently had an average PEG ratio of 1.77 as of yesterday's close.
The Manufacturing - Electronics industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 71, this industry ranks in the top 29% of all industries, numbering over 250.
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.
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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Emerson Electric (EMR) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest trading session, Emerson Electric (EMR - Free Report) closed at $126.31, marking a -3.48% move from the previous day. The stock's change was less than the S&P 500's daily loss of 1.74%. Elsewhere, the Dow lost 1.01%, while the tech-heavy Nasdaq lost 2.38%.
Heading into today, shares of the maker of process controls systems, valves and analytical instruments had lost 11.84% over the past month, lagging the Industrial Products sector's loss of 7.25% and the S&P 500's loss of 4.99%.
Analysts and investors alike will be keeping a close eye on the performance of Emerson Electric in its upcoming earnings disclosure. In that report, analysts expect Emerson Electric to post earnings of $1.55 per share. This would mark year-over-year growth of 4.73%. Our most recent consensus estimate is calling for quarterly revenue of $4.62 billion, up 4.32% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.5 per share and revenue of $18.98 billion. These totals would mark changes of +8.33% and +5.36%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Emerson Electric. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.08% lower within the past month. Emerson Electric is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Emerson Electric currently has a Forward P/E ratio of 20.14. For comparison, its industry has an average Forward P/E of 24.55, which means Emerson Electric is trading at a discount to the group.
We can also see that EMR currently has a PEG ratio of 2.09. 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. The Manufacturing - Electronics industry currently had an average PEG ratio of 1.77 as of yesterday's close.
The Manufacturing - Electronics industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 71, this industry ranks in the top 29% of all industries, numbering over 250.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.