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CRH (CRH) Beats Stock Market Upswing: What Investors Need to Know
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CRH (CRH - Free Report) closed the most recent trading day at $111.24, moving +1.67% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 1.09%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 1.91%.
Shares of the building material company have appreciated by 7.85% over the course of the past month, outperforming the Construction sector's gain of 3.92%, and the S&P 500's gain of 0.29%.
The upcoming earnings release of CRH will be of great interest to investors. 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. Alongside, our most recent consensus estimate is anticipating revenue of $10.67 billion, indicating a 4.57% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.92 per share and revenue of $39.84 billion. These totals would mark changes of +6.28% and +6.39%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for CRH. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Within the past 30 days, our consensus EPS projection remained stagnant. CRH is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that CRH has a Forward P/E ratio of 18.49 right now. This signifies no noticeable deviation in comparison to the average Forward P/E of 18.49 for its industry.
It's also important to note that CRH currently trades at a PEG ratio of 1.9. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Building Products - Miscellaneous industry stood at 1.54 at the close of the market yesterday.
The Building Products - Miscellaneous industry is part of the Construction sector. This group has a Zacks Industry Rank of 191, putting it in the bottom 22% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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CRH (CRH) Beats Stock Market Upswing: What Investors Need to Know
CRH (CRH - Free Report) closed the most recent trading day at $111.24, moving +1.67% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 1.09%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 1.91%.
Shares of the building material company have appreciated by 7.85% over the course of the past month, outperforming the Construction sector's gain of 3.92%, and the S&P 500's gain of 0.29%.
The upcoming earnings release of CRH will be of great interest to investors. 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. Alongside, our most recent consensus estimate is anticipating revenue of $10.67 billion, indicating a 4.57% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.92 per share and revenue of $39.84 billion. These totals would mark changes of +6.28% and +6.39%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for CRH. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Within the past 30 days, our consensus EPS projection remained stagnant. CRH is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that CRH has a Forward P/E ratio of 18.49 right now. This signifies no noticeable deviation in comparison to the average Forward P/E of 18.49 for its industry.
It's also important to note that CRH currently trades at a PEG ratio of 1.9. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Building Products - Miscellaneous industry stood at 1.54 at the close of the market yesterday.
The Building Products - Miscellaneous industry is part of the Construction sector. This group has a Zacks Industry Rank of 191, putting it in the bottom 22% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.