CRH (CRH) closed the most recent trading day at $106.21, moving -1.27% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.45%. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, lost 1.16%.
Heading into today, shares of the building material company had gained 5.96% over the past month, outpacing the Construction sector's gain of 2.14% and the S&P 500's gain of 2.14%.
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 $1.96 per share, which would represent year-over-year growth of 1.03%. Our most recent consensus estimate is calling for quarterly revenue of $10.67 billion, up 4.57% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.92 per share and revenue of $39.84 billion, indicating changes of +6.28% and +6.39%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for CRH. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Within the past 30 days, our consensus EPS projection remained stagnant. CRH is currently a Zacks Rank #3 (Hold).
From a valuation perspective, CRH is currently exchanging hands at a Forward P/E ratio of 18.18. Its industry sports an average Forward P/E of 18.63, so one might conclude that CRH is trading at a discount comparatively.
One should further note that CRH currently holds a PEG ratio of 1.87. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Building Products - Miscellaneous stocks are, on average, holding a PEG ratio of 1.58 based on yesterday's closing prices.
The Building Products - Miscellaneous industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 197, positioning it in the bottom 20% of all 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).