In the latest trading session, Emcor Group (EME) closed at $653.57, marking a +2.34% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.64% for the day. Meanwhile, the Dow experienced a rise of 1.23%, and the technology-dominated Nasdaq saw an increase of 0.69%.
Shares of the construction and maintenance company have appreciated by 2.41% over the course of the past month, outperforming the Construction sector's loss of 0.09%, and the S&P 500's gain of 0.55%.
Analysts and investors alike will be keeping a close eye on the performance of Emcor Group in its upcoming earnings disclosure. The company's upcoming EPS is projected at $6.66, signifying a 5.38% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $4.27 billion, up 13.32% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $25.24 per share and a revenue of $16.75 billion, representing changes of +17.29% and 0%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Emcor Group. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Emcor Group presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, Emcor Group is holding a Forward P/E ratio of 23.3. This represents a premium compared to its industry average Forward P/E of 21.4.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 28, which puts it in the top 12% of all 250+ industries.
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.
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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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