In the latest trading session, Emcor Group (EME) closed at $573.66, marking a +2.63% move from the previous day. This move outpaced the S&P 500's daily gain of 0.78%. Meanwhile, the Dow experienced a rise of 1.14%, and the technology-dominated Nasdaq saw an increase of 0.61%.
Prior to today's trading, shares of the construction and maintenance company had gained 11.65% outpaced the Construction sector's gain of 9.03% and the S&P 500's gain of 5.88%.
Analysts and investors alike will be keeping a close eye on the performance of Emcor Group in its upcoming earnings disclosure. The company's earnings report is set to go public on July 31, 2025. The company is forecasted to report an EPS of $5.68, showcasing a 8.19% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $4.1 billion, indicating a 11.85% upward movement from the same quarter last year.
EME's full-year Zacks Consensus Estimates are calling for earnings of $23.59 per share and revenue of $16.42 billion. These results would represent year-over-year changes of +9.62% and +12.74%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Emcor Group. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, Emcor Group holds a Zacks Rank of #3 (Hold).
Looking at valuation, Emcor Group is presently trading at a Forward P/E ratio of 23.7. This signifies no noticeable deviation in comparison to the average Forward P/E of 23.7 for its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 6, this industry ranks in the top 3% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within 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 ReportThis article originally published on Zacks Investment Research (zacks.com).
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