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.
Here's Why Emcor Group (EME) Fell More Than Broader Market
Read MoreHide Full Article
Emcor Group (EME - Free Report) closed at $748.55 in the latest trading session, marking a -4.11% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.48%. Meanwhile, the Dow lost 0.29%, and the Nasdaq, a tech-heavy index, lost 0.56%.
Coming into today, shares of the construction and maintenance company had lost 6.65% in the past month. In that same time, the Construction sector lost 8.85%, while the S&P 500 lost 0.82%.
The investment community will be paying close attention to the earnings performance of Emcor Group in its upcoming release. On that day, Emcor Group is projected to report earnings of $8.31 per share, which would represent year-over-year growth of 26.48%. Simultaneously, our latest consensus estimate expects the revenue to be $5.21 billion, showing a 21.04% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $33.04 per share and revenue of $20.32 billion. These totals would mark changes of +27.72% and +19.64%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Emcor Group. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Emcor Group holds a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Emcor Group is currently exchanging hands at a Forward P/E ratio of 23.63. Its industry sports an average Forward P/E of 18.28, so one might conclude that Emcor Group is trading at a premium comparatively.
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 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Here's Why Emcor Group (EME) Fell More Than Broader Market
Emcor Group (EME - Free Report) closed at $748.55 in the latest trading session, marking a -4.11% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.48%. Meanwhile, the Dow lost 0.29%, and the Nasdaq, a tech-heavy index, lost 0.56%.
Coming into today, shares of the construction and maintenance company had lost 6.65% in the past month. In that same time, the Construction sector lost 8.85%, while the S&P 500 lost 0.82%.
The investment community will be paying close attention to the earnings performance of Emcor Group in its upcoming release. On that day, Emcor Group is projected to report earnings of $8.31 per share, which would represent year-over-year growth of 26.48%. Simultaneously, our latest consensus estimate expects the revenue to be $5.21 billion, showing a 21.04% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $33.04 per share and revenue of $20.32 billion. These totals would mark changes of +27.72% and +19.64%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Emcor Group. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Emcor Group holds a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Emcor Group is currently exchanging hands at a Forward P/E ratio of 23.63. Its industry sports an average Forward P/E of 18.28, so one might conclude that Emcor Group is trading at a premium comparatively.
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 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.