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Emcor Group (EME) Declines More Than Market: Some Information for Investors
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In the latest trading session, Emcor Group (EME - Free Report) closed at $750.04, marking a -2.56% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.51% for the day. On the other hand, the Dow registered a loss of 0.2%, and the technology-centric Nasdaq decreased by 1.47%.
The stock of construction and maintenance company has fallen by 6.98% in the past month, lagging the Construction sector's loss of 4.14% and the S&P 500's gain of 0.53%.
The investment community will be closely monitoring the performance of Emcor Group in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $7.23, reflecting a 7.59% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $4.73 billion, indicating a 9.88% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $29.37 per share and a revenue of $19.02 billion, indicating changes of +13.53% and +11.97%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Emcor Group. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Emcor Group is carrying a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Emcor Group is currently trading at a Forward P/E ratio of 26.21. This represents no noticeable deviation compared to its industry average Forward P/E of 26.21.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 40, this industry ranks in the top 17% 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.
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
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Emcor Group (EME) Declines More Than Market: Some Information for Investors
In the latest trading session, Emcor Group (EME - Free Report) closed at $750.04, marking a -2.56% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.51% for the day. On the other hand, the Dow registered a loss of 0.2%, and the technology-centric Nasdaq decreased by 1.47%.
The stock of construction and maintenance company has fallen by 6.98% in the past month, lagging the Construction sector's loss of 4.14% and the S&P 500's gain of 0.53%.
The investment community will be closely monitoring the performance of Emcor Group in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $7.23, reflecting a 7.59% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $4.73 billion, indicating a 9.88% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $29.37 per share and a revenue of $19.02 billion, indicating changes of +13.53% and +11.97%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Emcor Group. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Emcor Group is carrying a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Emcor Group is currently trading at a Forward P/E ratio of 26.21. This represents no noticeable deviation compared to its industry average Forward P/E of 26.21.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 40, this industry ranks in the top 17% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.