In the latest close session, Emcor Group (EME) was down 4.83% at $784.66. This change lagged the S&P 500's 0.22% loss on the day. Elsewhere, the Dow saw a downswing of 0.66%, while the tech-heavy Nasdaq depreciated by 0.22%.
The construction and maintenance company's shares have seen an increase of 6.64% over the last month, surpassing the Construction sector's loss of 1.55% and the S&P 500's gain of 1.4%.
The investment community will be closely monitoring the performance of Emcor Group in its forthcoming earnings report. 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%. Meanwhile, our latest consensus estimate is calling for revenue of $5.2 billion, up 20.94% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $32.98 per share and a revenue of $20.31 billion, demonstrating changes of +27.48% and +19.57%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Emcor Group. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Emcor Group is currently a Zacks Rank #2 (Buy).
In the context of valuation, Emcor Group is at present trading with a Forward P/E ratio of 25. This signifies a premium in comparison to the average Forward P/E of 16.9 for its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 204, positioning it in the bottom 18% of all 250+ industries.
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.
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EMCOR Group, Inc. (EME): Free Stock Analysis Report
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