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Emcor Group (EME) Falls More Steeply Than Broader Market: What Investors Need to Know
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Emcor Group (EME - Free Report) ended the recent trading session at $817.44, demonstrating a -3.31% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 2.65%. Elsewhere, the Dow saw a downswing of 1.35%, while the tech-heavy Nasdaq depreciated by 4.18%.
Shares of the construction and maintenance company witnessed a loss of 8.51% over the previous month, trailing the performance of the Construction sector with its gain of 1.85%, and the S&P 500's gain of 5.47%.
Market participants will be closely following the financial results of Emcor Group in its upcoming release. The company's upcoming EPS is projected at $7.24, signifying a 7.74% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $4.7 billion, up 9.08% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $29.22 per share and revenue of $18.83 billion, indicating changes of +12.95% and +10.86%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Emcor Group. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 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. Within the past 30 days, our consensus EPS projection has moved 1.9% higher. Emcor Group currently has a Zacks Rank of #2 (Buy).
In terms of valuation, Emcor Group is currently trading at a Forward P/E ratio of 28.94. This represents a premium compared to its industry average Forward P/E of 27.6.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow EME in the coming trading sessions, be sure to utilize Zacks.com.
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Emcor Group (EME) Falls More Steeply Than Broader Market: What Investors Need to Know
Emcor Group (EME - Free Report) ended the recent trading session at $817.44, demonstrating a -3.31% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 2.65%. Elsewhere, the Dow saw a downswing of 1.35%, while the tech-heavy Nasdaq depreciated by 4.18%.
Shares of the construction and maintenance company witnessed a loss of 8.51% over the previous month, trailing the performance of the Construction sector with its gain of 1.85%, and the S&P 500's gain of 5.47%.
Market participants will be closely following the financial results of Emcor Group in its upcoming release. The company's upcoming EPS is projected at $7.24, signifying a 7.74% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $4.7 billion, up 9.08% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $29.22 per share and revenue of $18.83 billion, indicating changes of +12.95% and +10.86%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Emcor Group. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 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. Within the past 30 days, our consensus EPS projection has moved 1.9% higher. Emcor Group currently has a Zacks Rank of #2 (Buy).
In terms of valuation, Emcor Group is currently trading at a Forward P/E ratio of 28.94. This represents a premium compared to its industry average Forward P/E of 27.6.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow EME in the coming trading sessions, be sure to utilize Zacks.com.