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) Stock Dips While Market Gains: Key Facts
Read MoreHide Full Article
CRH (CRH - Free Report) ended the recent trading session at $104.63, demonstrating a -1.48% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.11%. Meanwhile, the Dow experienced a drop of 0.13%, and the technology-dominated Nasdaq saw an increase of 0.18%.
Coming into today, shares of the building material company had lost 6.23% in the past month. In that same time, the Construction sector lost 9.15%, while the S&P 500 lost 4.28%.
The investment community will be closely monitoring the performance of CRH in its forthcoming earnings report. The company is forecasted to report an EPS of $0.28, showcasing a 333.33% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $7.33 billion, reflecting a 8.51% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.97 per share and revenue of $40.17 billion, indicating changes of +7.18% and +7.27%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for CRH. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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.
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. Within the past 30 days, our consensus EPS projection has moved 0.17% lower. CRH is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, CRH is presently being traded at a Forward P/E ratio of 17.8. This indicates a premium in contrast to its industry's Forward P/E of 17.11.
It's also important to note that CRH currently trades at a PEG ratio of 1.86. 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. CRH's industry had an average PEG ratio of 1.26 as of yesterday's close.
The Building Products - Miscellaneous industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 164, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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) Stock Dips While Market Gains: Key Facts
CRH (CRH - Free Report) ended the recent trading session at $104.63, demonstrating a -1.48% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.11%. Meanwhile, the Dow experienced a drop of 0.13%, and the technology-dominated Nasdaq saw an increase of 0.18%.
Coming into today, shares of the building material company had lost 6.23% in the past month. In that same time, the Construction sector lost 9.15%, while the S&P 500 lost 4.28%.
The investment community will be closely monitoring the performance of CRH in its forthcoming earnings report. The company is forecasted to report an EPS of $0.28, showcasing a 333.33% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $7.33 billion, reflecting a 8.51% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.97 per share and revenue of $40.17 billion, indicating changes of +7.18% and +7.27%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for CRH. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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.
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. Within the past 30 days, our consensus EPS projection has moved 0.17% lower. CRH is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, CRH is presently being traded at a Forward P/E ratio of 17.8. This indicates a premium in contrast to its industry's Forward P/E of 17.11.
It's also important to note that CRH currently trades at a PEG ratio of 1.86. 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. CRH's industry had an average PEG ratio of 1.26 as of yesterday's close.
The Building Products - Miscellaneous industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 164, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.