CRH (CRH) closed at $83.60 in the latest trading session, marking a +1.15% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.58%. Meanwhile, the Dow gained 0.49%, and the Nasdaq, a tech-heavy index, added 0.45%.
Shares of the building material company witnessed a loss of 12.32% over the previous month, trailing the performance of the Construction sector with its loss of 3.73%, and the S&P 500's gain of 0.84%.
Analysts and investors alike will be keeping a close eye on the performance of CRH in its upcoming earnings disclosure. In that report, analysts expect CRH to post earnings of $2.27 per share. This would mark year-over-year growth of 2.71%. Our most recent consensus estimate is calling for quarterly revenue of $11.6 billion, up 4.83% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.9 per share and revenue of $39.71 billion, which would represent changes of +5.92% and +6.05%, respectively, from the prior year.
Any recent changes to analyst estimates for CRH should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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, 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, CRH possesses a Zacks Rank of #4 (Sell).
Digging into valuation, CRH currently has a Forward P/E ratio of 14.01. This indicates a discount in contrast to its industry's Forward P/E of 15.89.
It's also important to note that CRH currently trades at a PEG ratio of 1.62. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Building Products - Miscellaneous industry had an average PEG ratio of 1.46.
The Building Products - Miscellaneous industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 195, placing it within the bottom 21% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).