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Emcor Group (EME) Declines More Than Market: Some Information for Investors
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Emcor Group (EME - Free Report) closed at $701.10 in the latest trading session, marking a -4.34% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.4% for the day. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq lost 0.73%.
Coming into today, shares of the construction and maintenance company had gained 1.14% in the past month. In that same time, the Construction sector lost 12.16%, while the S&P 500 lost 7.34%.
The investment community will be closely monitoring the performance of Emcor Group in its forthcoming earnings report. It is anticipated that the company will report an EPS of $5.8, marking a 7.21% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.19 billion, up 8.29% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $28.23 per share and revenue of $18.05 billion, which would represent changes of +9.12% and +6.26%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Emcor Group. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Emcor Group is presently being traded at a Forward P/E ratio of 25.96. This valuation marks a premium compared to its industry average Forward P/E of 24.46.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 166, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Emcor Group (EME) Declines More Than Market: Some Information for Investors
Emcor Group (EME - Free Report) closed at $701.10 in the latest trading session, marking a -4.34% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.4% for the day. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq lost 0.73%.
Coming into today, shares of the construction and maintenance company had gained 1.14% in the past month. In that same time, the Construction sector lost 12.16%, while the S&P 500 lost 7.34%.
The investment community will be closely monitoring the performance of Emcor Group in its forthcoming earnings report. It is anticipated that the company will report an EPS of $5.8, marking a 7.21% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.19 billion, up 8.29% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $28.23 per share and revenue of $18.05 billion, which would represent changes of +9.12% and +6.26%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Emcor Group. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Emcor Group is presently being traded at a Forward P/E ratio of 25.96. This valuation marks a premium compared to its industry average Forward P/E of 24.46.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 166, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.