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Emerson Electric (EMR) Exceeds Market Returns: Some Facts to Consider
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Emerson Electric (EMR - Free Report) closed at $134.64 in the latest trading session, marking a +1.49% move from the prior day. This move outpaced the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.18%, and the technology-dominated Nasdaq saw an increase of 0.1%.
The stock of maker of process controls systems, valves and analytical instruments has fallen by 5.99% in the past month, leading the Industrial Products sector's loss of 6.13% and undershooting the S&P 500's loss of 1.74%.
The investment community will be paying close attention to the earnings performance of Emerson Electric in its upcoming release. On that day, Emerson Electric is projected to report earnings of $1.55 per share, which would represent year-over-year growth of 4.73%. At the same time, our most recent consensus estimate is projecting a revenue of $4.62 billion, reflecting a 4.22% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.49 per share and revenue of $18.96 billion. These totals would mark changes of +8.17% and +5.25%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Emerson Electric. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.11% downward. Emerson Electric is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Emerson Electric is currently being traded at a Forward P/E ratio of 20.44. For comparison, its industry has an average Forward P/E of 23.05, which means Emerson Electric is trading at a discount to the group.
We can additionally observe that EMR currently boasts a PEG ratio of 2.12. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Manufacturing - Electronics was holding an average PEG ratio of 1.74 at yesterday's closing price.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 197, finds itself in the bottom 20% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
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Emerson Electric (EMR) Exceeds Market Returns: Some Facts to Consider
Emerson Electric (EMR - Free Report) closed at $134.64 in the latest trading session, marking a +1.49% move from the prior day. This move outpaced the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.18%, and the technology-dominated Nasdaq saw an increase of 0.1%.
The stock of maker of process controls systems, valves and analytical instruments has fallen by 5.99% in the past month, leading the Industrial Products sector's loss of 6.13% and undershooting the S&P 500's loss of 1.74%.
The investment community will be paying close attention to the earnings performance of Emerson Electric in its upcoming release. On that day, Emerson Electric is projected to report earnings of $1.55 per share, which would represent year-over-year growth of 4.73%. At the same time, our most recent consensus estimate is projecting a revenue of $4.62 billion, reflecting a 4.22% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.49 per share and revenue of $18.96 billion. These totals would mark changes of +8.17% and +5.25%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Emerson Electric. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.11% downward. Emerson Electric is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Emerson Electric is currently being traded at a Forward P/E ratio of 20.44. For comparison, its industry has an average Forward P/E of 23.05, which means Emerson Electric is trading at a discount to the group.
We can additionally observe that EMR currently boasts a PEG ratio of 2.12. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Manufacturing - Electronics was holding an average PEG ratio of 1.74 at yesterday's closing price.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 197, finds itself in the bottom 20% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.