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Emcor Group (EME) Stock Sinks As Market Gains: Here's Why
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In the latest close session, Emcor Group (EME - Free Report) was down 1.29% at $803.64. This move lagged the S&P 500's daily gain of 0.8%. On the other hand, the Dow registered a loss of 0.15%, and the technology-centric Nasdaq increased by 1.6%.
Heading into today, shares of the construction and maintenance company had gained 11.75% over the past month, outpacing the Construction sector's gain of 7.69% and the S&P 500's gain of 5.15%.
Analysts and investors alike will be keeping a close eye on the performance of Emcor Group in its upcoming earnings disclosure. The company is forecasted to report an EPS of $5.8, showcasing a 7.21% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.19 billion, up 8.29% from the year-ago period.
EME's full-year Zacks Consensus Estimates are calling for earnings of $28.23 per share and revenue of $18.05 billion. These results would represent year-over-year changes of +9.12% and +6.26%, respectively.
Investors should also note any recent changes to analyst estimates for Emcor Group. 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 demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Emcor Group possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Emcor Group is holding a Forward P/E ratio of 28.84. For comparison, its industry has an average Forward P/E of 28.07, which means Emcor Group is trading at a premium to the group.
The Building Products - Heavy Construction industry is part of the Construction sector. This group has a Zacks Industry Rank of 97, putting it in the top 40% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Emcor Group (EME) Stock Sinks As Market Gains: Here's Why
In the latest close session, Emcor Group (EME - Free Report) was down 1.29% at $803.64. This move lagged the S&P 500's daily gain of 0.8%. On the other hand, the Dow registered a loss of 0.15%, and the technology-centric Nasdaq increased by 1.6%.
Heading into today, shares of the construction and maintenance company had gained 11.75% over the past month, outpacing the Construction sector's gain of 7.69% and the S&P 500's gain of 5.15%.
Analysts and investors alike will be keeping a close eye on the performance of Emcor Group in its upcoming earnings disclosure. The company is forecasted to report an EPS of $5.8, showcasing a 7.21% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.19 billion, up 8.29% from the year-ago period.
EME's full-year Zacks Consensus Estimates are calling for earnings of $28.23 per share and revenue of $18.05 billion. These results would represent year-over-year changes of +9.12% and +6.26%, respectively.
Investors should also note any recent changes to analyst estimates for Emcor Group. 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 demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Emcor Group possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Emcor Group is holding a Forward P/E ratio of 28.84. For comparison, its industry has an average Forward P/E of 28.07, which means Emcor Group is trading at a premium to the group.
The Building Products - Heavy Construction industry is part of the Construction sector. This group has a Zacks Industry Rank of 97, putting it in the top 40% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.