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.
Emerson Electric (EMR) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
Emerson Electric (EMR - Free Report) ended the recent trading session at $146.52, demonstrating a +2.41% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 1.65%. Meanwhile, the Dow experienced a rise of 0.92%, and the technology-dominated Nasdaq saw an increase of 3.07%.
Heading into today, shares of the maker of process controls systems, valves and analytical instruments had gained 7.53% over the past month, outpacing the Industrial Products sector's gain of 0.53% and the S&P 500's gain of 0.48%.
The upcoming earnings release of Emerson Electric will be of great interest to investors. The company is expected to report EPS of $1.68, up 10.53% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $4.8 billion, reflecting a 5.48% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.49 per share and a revenue of $18.81 billion, signifying shifts of +8.17% and +4.41%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Emerson Electric. 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.01% rise in the Zacks Consensus EPS estimate. Right now, Emerson Electric possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Emerson Electric is presently being traded at a Forward P/E ratio of 22.03. For comparison, its industry has an average Forward P/E of 22.6, which means Emerson Electric is trading at a discount to the group.
One should further note that EMR currently holds a PEG ratio of 2.28. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Manufacturing - Electronics industry held an average PEG ratio of 1.77.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 103, finds itself in the top 43% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Emerson Electric (EMR) Outpaces Stock Market Gains: What You Should Know
Emerson Electric (EMR - Free Report) ended the recent trading session at $146.52, demonstrating a +2.41% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 1.65%. Meanwhile, the Dow experienced a rise of 0.92%, and the technology-dominated Nasdaq saw an increase of 3.07%.
Heading into today, shares of the maker of process controls systems, valves and analytical instruments had gained 7.53% over the past month, outpacing the Industrial Products sector's gain of 0.53% and the S&P 500's gain of 0.48%.
The upcoming earnings release of Emerson Electric will be of great interest to investors. The company is expected to report EPS of $1.68, up 10.53% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $4.8 billion, reflecting a 5.48% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.49 per share and a revenue of $18.81 billion, signifying shifts of +8.17% and +4.41%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Emerson Electric. 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.01% rise in the Zacks Consensus EPS estimate. Right now, Emerson Electric possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Emerson Electric is presently being traded at a Forward P/E ratio of 22.03. For comparison, its industry has an average Forward P/E of 22.6, which means Emerson Electric is trading at a discount to the group.
One should further note that EMR currently holds a PEG ratio of 2.28. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Manufacturing - Electronics industry held an average PEG ratio of 1.77.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 103, finds itself in the top 43% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.