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Here's Why CRH (CRH) Fell More Than Broader Market
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CRH (CRH - Free Report) ended the recent trading session at $82.80, demonstrating a -2.05% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.25%. On the other hand, the Dow registered a loss of 0.86%, and the technology-centric Nasdaq increased by 0.24%.
Shares of the building material company witnessed a loss of 7.31% over the previous month, trailing the performance of the Construction sector with its loss of 4.32%, and the S&P 500's loss of 0.42%.
The investment community will be paying close attention to the earnings performance of CRH in its upcoming release. The company's upcoming EPS is projected at $2.27, signifying a 2.71% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $11.6 billion, up 4.83% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.9 per share and revenue of $39.71 billion, which would represent changes of +5.92% and +6.05%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for CRH. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.81% higher. CRH is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, CRH is presently being traded at a Forward P/E ratio of 14.33. This expresses a discount compared to the average Forward P/E of 15.42 of its industry.
We can additionally observe that CRH currently boasts a PEG ratio of 1.66. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Building Products - Miscellaneous industry held an average PEG ratio of 1.45.
The Building Products - Miscellaneous industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 194, placing it within the bottom 22% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Here's Why CRH (CRH) Fell More Than Broader Market
CRH (CRH - Free Report) ended the recent trading session at $82.80, demonstrating a -2.05% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.25%. On the other hand, the Dow registered a loss of 0.86%, and the technology-centric Nasdaq increased by 0.24%.
Shares of the building material company witnessed a loss of 7.31% over the previous month, trailing the performance of the Construction sector with its loss of 4.32%, and the S&P 500's loss of 0.42%.
The investment community will be paying close attention to the earnings performance of CRH in its upcoming release. The company's upcoming EPS is projected at $2.27, signifying a 2.71% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $11.6 billion, up 4.83% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.9 per share and revenue of $39.71 billion, which would represent changes of +5.92% and +6.05%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for CRH. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.81% higher. CRH is holding a Zacks Rank of #4 (Sell) right now.
In terms of valuation, CRH is presently being traded at a Forward P/E ratio of 14.33. This expresses a discount compared to the average Forward P/E of 15.42 of its industry.
We can additionally observe that CRH currently boasts a PEG ratio of 1.66. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Building Products - Miscellaneous industry held an average PEG ratio of 1.45.
The Building Products - Miscellaneous industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 194, placing it within the bottom 22% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.