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.
CRH (CRH) Suffers a Larger Drop Than the General Market: Key Insights
Read MoreHide Full Article
In the latest trading session, CRH (CRH - Free Report) closed at $86.70, marking a -1.13% move from the previous day. This change lagged the S&P 500's daily loss of 0.45%. Elsewhere, the Dow saw a downswing of 1.21%, while the tech-heavy Nasdaq depreciated by 0.01%.
Shares of the building material company witnessed a loss of 5.96% over the previous month, beating the performance of the Construction sector with its loss of 11.29%, and underperforming the S&P 500's loss of 2.43%.
Investors will be eagerly watching for the performance of CRH in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.23, marking a 0.9% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $11.6 billion, indicating a 4.83% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.9 per share and revenue of $39.71 billion, indicating changes of +5.92% and +6.05%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for CRH. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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, the Zacks Consensus EPS estimate has shifted 1.81% upward. CRH is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that CRH has a Forward P/E ratio of 14.86 right now. Its industry sports an average Forward P/E of 16.2, so one might conclude that CRH is trading at a discount comparatively.
It is also worth noting that CRH currently has a PEG ratio of 1.59. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. CRH's industry had an average PEG ratio of 1.42 as of yesterday's close.
The Building Products - Miscellaneous industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 41% of all 250+ industries.
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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
CRH (CRH) Suffers a Larger Drop Than the General Market: Key Insights
In the latest trading session, CRH (CRH - Free Report) closed at $86.70, marking a -1.13% move from the previous day. This change lagged the S&P 500's daily loss of 0.45%. Elsewhere, the Dow saw a downswing of 1.21%, while the tech-heavy Nasdaq depreciated by 0.01%.
Shares of the building material company witnessed a loss of 5.96% over the previous month, beating the performance of the Construction sector with its loss of 11.29%, and underperforming the S&P 500's loss of 2.43%.
Investors will be eagerly watching for the performance of CRH in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.23, marking a 0.9% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $11.6 billion, indicating a 4.83% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.9 per share and revenue of $39.71 billion, indicating changes of +5.92% and +6.05%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for CRH. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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, the Zacks Consensus EPS estimate has shifted 1.81% upward. CRH is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that CRH has a Forward P/E ratio of 14.86 right now. Its industry sports an average Forward P/E of 16.2, so one might conclude that CRH is trading at a discount comparatively.
It is also worth noting that CRH currently has a PEG ratio of 1.59. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. CRH's industry had an average PEG ratio of 1.42 as of yesterday's close.
The Building Products - Miscellaneous industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 41% of all 250+ industries.
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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.