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Emcor Group (EME) Advances While Market Declines: Some Information for Investors
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In the latest trading session, Emcor Group (EME - Free Report) closed at $847.17, marking a +1.02% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.1%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.43%.
The construction and maintenance company's stock has dropped by 2.65% in the past month, falling short of the Construction sector's gain of 5.84% and the S&P 500's loss of 1.34%.
The investment community will be paying close attention to the earnings performance of Emcor Group in its upcoming release. The company's earnings per share (EPS) are projected to be $7.23, reflecting a 7.59% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $4.7 billion, indicating a 9.08% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $29.37 per share and revenue of $18.83 billion, which would represent changes of +13.53% and +10.86%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Emcor Group. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.76% higher within the past month. Emcor Group is currently a Zacks Rank #2 (Buy).
Investors should also note Emcor Group's current valuation metrics, including its Forward P/E ratio of 28.56. This signifies a premium in comparison to the average Forward P/E of 21.69 for its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 47, this industry ranks in the top 20% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Emcor Group (EME) Advances While Market Declines: Some Information for Investors
In the latest trading session, Emcor Group (EME - Free Report) closed at $847.17, marking a +1.02% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.1%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.43%.
The construction and maintenance company's stock has dropped by 2.65% in the past month, falling short of the Construction sector's gain of 5.84% and the S&P 500's loss of 1.34%.
The investment community will be paying close attention to the earnings performance of Emcor Group in its upcoming release. The company's earnings per share (EPS) are projected to be $7.23, reflecting a 7.59% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $4.7 billion, indicating a 9.08% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $29.37 per share and revenue of $18.83 billion, which would represent changes of +13.53% and +10.86%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Emcor Group. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.76% higher within the past month. Emcor Group is currently a Zacks Rank #2 (Buy).
Investors should also note Emcor Group's current valuation metrics, including its Forward P/E ratio of 28.56. This signifies a premium in comparison to the average Forward P/E of 21.69 for its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 47, this industry ranks in the top 20% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.