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Emerson Electric (EMR) Dips More Than Broader Market: What You Should Know
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Emerson Electric (EMR - Free Report) closed at $123.30 in the latest trading session, marking a -1.67% move from the prior day. This move lagged the S&P 500's daily loss of 0.4%. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq lost 0.73%.
Heading into today, shares of the maker of process controls systems, valves and analytical instruments had lost 16.82% over the past month, lagging the Industrial Products sector's loss of 9.95% and the S&P 500's loss of 7.34%.
Analysts and investors alike will be keeping a close eye on the performance of Emerson Electric in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.55, reflecting a 4.73% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $4.62 billion, reflecting a 4.32% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.5 per share and a revenue of $18.98 billion, signifying shifts of +8.33% and +5.36%, respectively, from the last year.
Any recent changes to analyst estimates for Emerson Electric should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.08% downward. Emerson Electric presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Emerson Electric is presently being traded at a Forward P/E ratio of 19.3. This signifies a discount in comparison to the average Forward P/E of 22.54 for its industry.
Meanwhile, EMR's PEG ratio is currently 2. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Manufacturing - Electronics industry stood at 1.68 at the close of the market yesterday.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 25% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow EMR in the coming trading sessions, be sure to utilize Zacks.com.
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Emerson Electric (EMR) Dips More Than Broader Market: What You Should Know
Emerson Electric (EMR - Free Report) closed at $123.30 in the latest trading session, marking a -1.67% move from the prior day. This move lagged the S&P 500's daily loss of 0.4%. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq lost 0.73%.
Heading into today, shares of the maker of process controls systems, valves and analytical instruments had lost 16.82% over the past month, lagging the Industrial Products sector's loss of 9.95% and the S&P 500's loss of 7.34%.
Analysts and investors alike will be keeping a close eye on the performance of Emerson Electric in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.55, reflecting a 4.73% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $4.62 billion, reflecting a 4.32% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.5 per share and a revenue of $18.98 billion, signifying shifts of +8.33% and +5.36%, respectively, from the last year.
Any recent changes to analyst estimates for Emerson Electric should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.08% downward. Emerson Electric presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Emerson Electric is presently being traded at a Forward P/E ratio of 19.3. This signifies a discount in comparison to the average Forward P/E of 22.54 for its industry.
Meanwhile, EMR's PEG ratio is currently 2. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Manufacturing - Electronics industry stood at 1.68 at the close of the market yesterday.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 25% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow EMR in the coming trading sessions, be sure to utilize Zacks.com.