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.
Emcor Group (EME) Exceeds Market Returns: Some Facts to Consider
Read MoreHide Full Article
Emcor Group (EME - Free Report) closed at $823.05 in the latest trading session, marking a +1.42% move from the prior day. This move outpaced the S&P 500's daily gain of 0.5%. Meanwhile, the Dow gained 0.7%, and the Nasdaq, a tech-heavy index, added 0.31%.
Heading into today, shares of the construction and maintenance company had lost 12.74% over the past month, lagging the Construction sector's loss of 1.37% and the S&P 500's loss of 0.23%.
The upcoming earnings release of Emcor Group will be of great interest to investors. The company is expected to report EPS of $7.24, up 7.74% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $4.7 billion, indicating a 9.08% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $29.22 per share and revenue of $18.83 billion, which would represent changes of +12.95% and +10.86%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Emcor Group. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.9% higher. Emcor Group presently features a Zacks Rank of #2 (Buy).
Investors should also note Emcor Group's current valuation metrics, including its Forward P/E ratio of 27.78. This expresses a premium compared to the average Forward P/E of 27.09 of its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 50, this industry ranks in the top 21% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next 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
Emcor Group (EME) Exceeds Market Returns: Some Facts to Consider
Emcor Group (EME - Free Report) closed at $823.05 in the latest trading session, marking a +1.42% move from the prior day. This move outpaced the S&P 500's daily gain of 0.5%. Meanwhile, the Dow gained 0.7%, and the Nasdaq, a tech-heavy index, added 0.31%.
Heading into today, shares of the construction and maintenance company had lost 12.74% over the past month, lagging the Construction sector's loss of 1.37% and the S&P 500's loss of 0.23%.
The upcoming earnings release of Emcor Group will be of great interest to investors. The company is expected to report EPS of $7.24, up 7.74% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $4.7 billion, indicating a 9.08% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $29.22 per share and revenue of $18.83 billion, which would represent changes of +12.95% and +10.86%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Emcor Group. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.9% higher. Emcor Group presently features a Zacks Rank of #2 (Buy).
Investors should also note Emcor Group's current valuation metrics, including its Forward P/E ratio of 27.78. This expresses a premium compared to the average Forward P/E of 27.09 of its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 50, this industry ranks in the top 21% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.