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Emcor Group (EME) Dips More Than Broader Market: What You Should Know
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Emcor Group (EME - Free Report) closed at $745.35 in the latest trading session, marking a -3.96% move from the prior day. The stock's change was less than the S&P 500's daily loss of 1.11%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 1.88%.
Coming into today, shares of the construction and maintenance company had gained 5.51% in the past month. In that same time, the Construction sector lost 3.55%, while the S&P 500 gained 2.06%.
The upcoming earnings release of Emcor Group will be of great interest to investors. On that day, Emcor Group is projected to report earnings of $8.33 per share, which would represent year-over-year growth of 26.79%. Our most recent consensus estimate is calling for quarterly revenue of $5.2 billion, up 20.94% from the year-ago period.
EME's full-year Zacks Consensus Estimates are calling for earnings of $32.98 per share and revenue of $20.31 billion. These results would represent year-over-year changes of +27.48% and +19.57%, respectively.
Any recent changes to analyst estimates for Emcor Group should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Emcor Group possesses a Zacks Rank of #2 (Buy).
Looking at valuation, Emcor Group is presently trading at a Forward P/E ratio of 23.53. This signifies a premium in comparison to the average Forward P/E of 15.78 for its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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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Emcor Group (EME) Dips More Than Broader Market: What You Should Know
Emcor Group (EME - Free Report) closed at $745.35 in the latest trading session, marking a -3.96% move from the prior day. The stock's change was less than the S&P 500's daily loss of 1.11%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 1.88%.
Coming into today, shares of the construction and maintenance company had gained 5.51% in the past month. In that same time, the Construction sector lost 3.55%, while the S&P 500 gained 2.06%.
The upcoming earnings release of Emcor Group will be of great interest to investors. On that day, Emcor Group is projected to report earnings of $8.33 per share, which would represent year-over-year growth of 26.79%. Our most recent consensus estimate is calling for quarterly revenue of $5.2 billion, up 20.94% from the year-ago period.
EME's full-year Zacks Consensus Estimates are calling for earnings of $32.98 per share and revenue of $20.31 billion. These results would represent year-over-year changes of +27.48% and +19.57%, respectively.
Any recent changes to analyst estimates for Emcor Group should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Emcor Group possesses a Zacks Rank of #2 (Buy).
Looking at valuation, Emcor Group is presently trading at a Forward P/E ratio of 23.53. This signifies a premium in comparison to the average Forward P/E of 15.78 for its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.