In the latest trading session, CRH (CRH) closed at $88.04, marking a +1.03% move from the previous day. Elsewhere, the Dow lost 0.36%, while the tech-heavy Nasdaq added 0.45%.
The building material company's stock has dropped by 9.03% in the past month, falling short of the Construction sector's loss of 6.8% and the S&P 500's gain of 1.27%.
Analysts and investors alike will be keeping a close eye on the performance of CRH in its upcoming earnings disclosure. On that day, CRH is projected to report earnings of $2.23 per share, which would represent year-over-year growth of 0.9%. In the meantime, our current consensus estimate forecasts the revenue to be $11.6 billion, indicating a 4.83% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $5.9 per share and a revenue of $39.71 billion, demonstrating changes of +5.92% and +6.05%, respectively, from the preceding year.
Any recent changes to analyst estimates for CRH should also be noted by investors. Recent revisions tend to reflect the latest 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 take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.81% increase. At present, CRH boasts a Zacks Rank of #3 (Hold).
In the context of valuation, CRH is at present trading with a Forward P/E ratio of 14.77. This indicates a discount in contrast to its industry's Forward P/E of 16.07.
It's also important to note that CRH currently trades at a PEG ratio of 1.58. 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 industry had an average PEG ratio of 1.45 as trading concluded yesterday.
The Building Products - Miscellaneous industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 168, finds itself in the bottom 32% echelons of all 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).