CRH (CRH) ended the recent trading session at $115.50, demonstrating a +1.48% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.62%. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 0.83%.
Shares of the building material company have appreciated by 9.44% over the course of the past month, outperforming the Construction sector's gain of 0.89%, and the S&P 500's gain of 0.8%.
Analysts and investors alike will be keeping a close eye on the performance of CRH in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.28, signifying a 333.33% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $7.33 billion, up 8.51% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.97 per share and a revenue of $40.17 billion, representing changes of +7.18% and +7.27%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for CRH. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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. 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, 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. Right now, CRH possesses a Zacks Rank of #3 (Hold).
Digging into valuation, CRH currently has a Forward P/E ratio of 19.08. This signifies a premium in comparison to the average Forward P/E of 17.91 for its industry.
We can also see that CRH currently has a PEG ratio of 1.99. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Building Products - Miscellaneous industry was having an average PEG ratio of 1.34.
The Building Products - Miscellaneous industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 183, placing it within the bottom 25% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).