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CRH (CRH) Exceeds Market Returns: Some Facts to Consider
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In the latest close session, CRH (CRH - Free Report) was up +1.57% at $106.48. The stock outperformed the S&P 500, which registered a daily gain of 0.5%. Elsewhere, the Dow gained 0.7%, while the tech-heavy Nasdaq added 0.31%.
The building material company's stock has dropped by 2.6% in the past month, falling short of the Construction sector's loss of 1.37% and the S&P 500's loss of 0.23%.
The investment community will be closely monitoring the performance of CRH in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.96, marking a 1.03% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.67 billion, up 4.57% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.92 per share and a revenue of $39.84 billion, signifying shifts of +6.28% and +6.39%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for CRH. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 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. The Zacks Consensus EPS estimate has moved 0.12% higher within the past month. As of now, CRH holds a Zacks Rank of #3 (Hold).
From a valuation perspective, CRH is currently exchanging hands at a Forward P/E ratio of 17.72. This denotes no noticeable deviation relative to the industry average Forward P/E of 17.72.
We can additionally observe that CRH currently boasts a PEG ratio of 1.82. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Building Products - Miscellaneous was holding an average PEG ratio of 1.5 at yesterday's closing price.
The Building Products - Miscellaneous industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 188, positioning it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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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CRH (CRH) Exceeds Market Returns: Some Facts to Consider
In the latest close session, CRH (CRH - Free Report) was up +1.57% at $106.48. The stock outperformed the S&P 500, which registered a daily gain of 0.5%. Elsewhere, the Dow gained 0.7%, while the tech-heavy Nasdaq added 0.31%.
The building material company's stock has dropped by 2.6% in the past month, falling short of the Construction sector's loss of 1.37% and the S&P 500's loss of 0.23%.
The investment community will be closely monitoring the performance of CRH in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.96, marking a 1.03% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.67 billion, up 4.57% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.92 per share and a revenue of $39.84 billion, signifying shifts of +6.28% and +6.39%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for CRH. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 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. The Zacks Consensus EPS estimate has moved 0.12% higher within the past month. As of now, CRH holds a Zacks Rank of #3 (Hold).
From a valuation perspective, CRH is currently exchanging hands at a Forward P/E ratio of 17.72. This denotes no noticeable deviation relative to the industry average Forward P/E of 17.72.
We can additionally observe that CRH currently boasts a PEG ratio of 1.82. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Building Products - Miscellaneous was holding an average PEG ratio of 1.5 at yesterday's closing price.
The Building Products - Miscellaneous industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 188, positioning it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.