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CRH (CRH) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest trading session, CRH (CRH - Free Report) closed at $83.96, marking a -1.49% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.03%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.01%.
Coming into today, shares of the building material company had lost 12.18% in the past month. In that same time, the Construction sector lost 7.09%, while the S&P 500 gained 0.53%.
The investment community will be paying close attention to the earnings performance of CRH in its upcoming release. 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. Alongside, our most recent consensus estimate is anticipating revenue of $11.6 billion, indicating a 4.83% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.9 per share and a revenue of $39.71 billion, indicating changes of +5.92% and +6.05%, respectively, from the former year.
It is also important to note the recent changes 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. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.81% higher within the past month. CRH is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, CRH is presently trading at a Forward P/E ratio of 14.45. For comparison, its industry has an average Forward P/E of 15.46, which means CRH is trading at a discount to the group.
It's also important to note that CRH currently trades at a PEG ratio of 1.55. 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. The Building Products - Miscellaneous was holding an average PEG ratio of 1.47 at yesterday's closing price.
The Building Products - Miscellaneous industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 161, finds itself in the bottom 35% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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CRH (CRH) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, CRH (CRH - Free Report) closed at $83.96, marking a -1.49% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.03%. Meanwhile, the Dow experienced a drop of 0.31%, and the technology-dominated Nasdaq saw an increase of 0.01%.
Coming into today, shares of the building material company had lost 12.18% in the past month. In that same time, the Construction sector lost 7.09%, while the S&P 500 gained 0.53%.
The investment community will be paying close attention to the earnings performance of CRH in its upcoming release. 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. Alongside, our most recent consensus estimate is anticipating revenue of $11.6 billion, indicating a 4.83% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.9 per share and a revenue of $39.71 billion, indicating changes of +5.92% and +6.05%, respectively, from the former year.
It is also important to note the recent changes 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. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.81% higher within the past month. CRH is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, CRH is presently trading at a Forward P/E ratio of 14.45. For comparison, its industry has an average Forward P/E of 15.46, which means CRH is trading at a discount to the group.
It's also important to note that CRH currently trades at a PEG ratio of 1.55. 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. The Building Products - Miscellaneous was holding an average PEG ratio of 1.47 at yesterday's closing price.
The Building Products - Miscellaneous industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 161, finds itself in the bottom 35% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.