In the latest close session, CRH (CRH) was down 1.12% at $80.14. This change lagged the S&P 500's daily loss of 0.02%. On the other hand, the Dow registered a loss of 0.35%, and the technology-centric Nasdaq decreased by 0.15%.
Coming into today, shares of the building material company had lost 8.91% in the past month. In that same time, the Construction sector lost 3.59%, while the S&P 500 gained 2.05%.
The upcoming earnings release of CRH will be of great interest to investors. The company's upcoming EPS is projected at $2.2, signifying a 0.45% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $11.6 billion, up 4.83% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $5.83 per share and a revenue of $39.63 billion, demonstrating changes of +4.67% and +5.82%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for CRH. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.24% lower. At present, CRH boasts a Zacks Rank of #3 (Hold).
Digging into valuation, CRH currently has a Forward P/E ratio of 13.91. This valuation marks a discount compared to its industry average Forward P/E of 15.27.
Meanwhile, CRH's PEG ratio is currently 1.44. 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 1.44 based on yesterday's closing prices.
The Building Products - Miscellaneous industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 225, finds itself in the bottom 9% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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).