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.
CRH (CRH) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, CRH (CRH - Free Report) closed at $106.20, marking a +1.03% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.72%. Elsewhere, the Dow gained 0.48%, while the tech-heavy Nasdaq added 1.16%.
Coming into today, shares of the building material company had lost 7.42% in the past month. In that same time, the Construction sector lost 10.8%, while the S&P 500 lost 4.99%.
The upcoming earnings release of CRH will be of great interest to investors. In that report, analysts expect CRH to post earnings of $0.28 per share. This would mark year-over-year growth of 333.33%. Alongside, our most recent consensus estimate is anticipating revenue of $7.33 billion, indicating a 8.51% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $5.97 per share and a revenue of $40.17 billion, demonstrating changes of +7.18% and +7.27%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for CRH. 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.17% fall in the Zacks Consensus EPS estimate. CRH is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that CRH has a Forward P/E ratio of 17.62 right now. This indicates a premium in contrast to its industry's Forward P/E of 16.94.
One should further note that CRH currently holds a PEG ratio of 1.84. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Building Products - Miscellaneous industry had an average PEG ratio of 1.25 as trading concluded yesterday.
The Building Products - Miscellaneous industry is part of the Construction sector. This group has a Zacks Industry Rank of 160, putting it in the bottom 35% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming 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
CRH (CRH) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, CRH (CRH - Free Report) closed at $106.20, marking a +1.03% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.72%. Elsewhere, the Dow gained 0.48%, while the tech-heavy Nasdaq added 1.16%.
Coming into today, shares of the building material company had lost 7.42% in the past month. In that same time, the Construction sector lost 10.8%, while the S&P 500 lost 4.99%.
The upcoming earnings release of CRH will be of great interest to investors. In that report, analysts expect CRH to post earnings of $0.28 per share. This would mark year-over-year growth of 333.33%. Alongside, our most recent consensus estimate is anticipating revenue of $7.33 billion, indicating a 8.51% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $5.97 per share and a revenue of $40.17 billion, demonstrating changes of +7.18% and +7.27%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for CRH. 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.17% fall in the Zacks Consensus EPS estimate. CRH is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that CRH has a Forward P/E ratio of 17.62 right now. This indicates a premium in contrast to its industry's Forward P/E of 16.94.
One should further note that CRH currently holds a PEG ratio of 1.84. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Building Products - Miscellaneous industry had an average PEG ratio of 1.25 as trading concluded yesterday.
The Building Products - Miscellaneous industry is part of the Construction sector. This group has a Zacks Industry Rank of 160, putting it in the bottom 35% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.