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Emcor Group (EME) Outpaces Stock Market Gains: What You Should Know
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Emcor Group (EME - Free Report) ended the recent trading session at $769.03, demonstrating a +1.93% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.2%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.04%.
The construction and maintenance company's shares have seen an increase of 2.76% over the last month, surpassing the Construction sector's loss of 4.65% and the S&P 500's loss of 0.35%.
The investment community will be paying close attention to the earnings performance of Emcor Group in its upcoming release. The company is expected to report EPS of $8.33, up 26.79% from the prior-year quarter. 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.
Investors should also note any recent changes to analyst estimates for Emcor Group. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Emcor Group possesses a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Emcor Group currently has a Forward P/E ratio of 22.88. This indicates a premium in contrast to its industry's Forward P/E of 16.17.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 50, this industry ranks in the top 21% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Emcor Group (EME) Outpaces Stock Market Gains: What You Should Know
Emcor Group (EME - Free Report) ended the recent trading session at $769.03, demonstrating a +1.93% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.2%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.04%.
The construction and maintenance company's shares have seen an increase of 2.76% over the last month, surpassing the Construction sector's loss of 4.65% and the S&P 500's loss of 0.35%.
The investment community will be paying close attention to the earnings performance of Emcor Group in its upcoming release. The company is expected to report EPS of $8.33, up 26.79% from the prior-year quarter. 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.
Investors should also note any recent changes to analyst estimates for Emcor Group. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Emcor Group possesses a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Emcor Group currently has a Forward P/E ratio of 22.88. This indicates a premium in contrast to its industry's Forward P/E of 16.17.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 50, this industry ranks in the top 21% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.