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Emerson Electric (EMR) Advances While Market Declines: Some Information for Investors
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Emerson Electric (EMR - Free Report) closed at $156.14 in the latest trading session, marking a +1% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.03% for the day. On the other hand, the Dow registered a loss of 0.31%, and the technology-centric Nasdaq increased by 0.01%.
The maker of process controls systems, valves and analytical instruments's stock has dropped by 2.34% in the past month, falling short of the Industrial Products sector's loss of 1.33% and the S&P 500's gain of 0.53%.
Investors will be eagerly watching for the performance of Emerson Electric in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.84, signifying a 13.58% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $5.1 billion, indicating a 5.1% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.55 per share and a revenue of $18.89 billion, representing changes of +9.17% and +4.85%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Emerson Electric. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% lower. At present, Emerson Electric boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Emerson Electric is holding a Forward P/E ratio of 23.6. This valuation marks a discount compared to its industry average Forward P/E of 24.39.
Also, we should mention that EMR has a PEG ratio of 2.32. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Manufacturing - Electronics industry held an average PEG ratio of 1.64.
The Manufacturing - Electronics industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 60, placing it within the top 25% of over 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.
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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Emerson Electric (EMR) Advances While Market Declines: Some Information for Investors
Emerson Electric (EMR - Free Report) closed at $156.14 in the latest trading session, marking a +1% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.03% for the day. On the other hand, the Dow registered a loss of 0.31%, and the technology-centric Nasdaq increased by 0.01%.
The maker of process controls systems, valves and analytical instruments's stock has dropped by 2.34% in the past month, falling short of the Industrial Products sector's loss of 1.33% and the S&P 500's gain of 0.53%.
Investors will be eagerly watching for the performance of Emerson Electric in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.84, signifying a 13.58% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $5.1 billion, indicating a 5.1% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.55 per share and a revenue of $18.89 billion, representing changes of +9.17% and +4.85%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Emerson Electric. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% lower. At present, Emerson Electric boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Emerson Electric is holding a Forward P/E ratio of 23.6. This valuation marks a discount compared to its industry average Forward P/E of 24.39.
Also, we should mention that EMR has a PEG ratio of 2.32. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Manufacturing - Electronics industry held an average PEG ratio of 1.64.
The Manufacturing - Electronics industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 60, placing it within the top 25% of over 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.