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.
Emcor Group (EME) Ascends But Remains Behind Market: Some Facts to Note
Read MoreHide Full Article
In the latest trading session, Emcor Group (EME - Free Report) closed at $757.71, marking a +1.02% move from the previous day. The stock lagged the S&P 500's daily gain of 1.49%. Meanwhile, the Dow gained 0.71%, and the Nasdaq, a tech-heavy index, added 2.26%.
Coming into today, shares of the construction and maintenance company had lost 3.42% in the past month. In that same time, the Construction sector lost 8.95%, while the S&P 500 gained 0.1%.
Investors will be eagerly watching for the performance of Emcor Group in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $8.33, reflecting a 26.79% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $5.2 billion, indicating a 20.94% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $32.98 per share and a revenue of $20.31 billion, signifying shifts of +27.48% and +19.57%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Emcor Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Emcor Group is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, Emcor Group is currently trading at a Forward P/E ratio of 22.74. This expresses a premium compared to the average Forward P/E of 17.18 of its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 65, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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
Image: Bigstock
Emcor Group (EME) Ascends But Remains Behind Market: Some Facts to Note
In the latest trading session, Emcor Group (EME - Free Report) closed at $757.71, marking a +1.02% move from the previous day. The stock lagged the S&P 500's daily gain of 1.49%. Meanwhile, the Dow gained 0.71%, and the Nasdaq, a tech-heavy index, added 2.26%.
Coming into today, shares of the construction and maintenance company had lost 3.42% in the past month. In that same time, the Construction sector lost 8.95%, while the S&P 500 gained 0.1%.
Investors will be eagerly watching for the performance of Emcor Group in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $8.33, reflecting a 26.79% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $5.2 billion, indicating a 20.94% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $32.98 per share and a revenue of $20.31 billion, signifying shifts of +27.48% and +19.57%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Emcor Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Emcor Group is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, Emcor Group is currently trading at a Forward P/E ratio of 22.74. This expresses a premium compared to the average Forward P/E of 17.18 of its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 65, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.