Emcor Group (EME) closed the most recent trading day at $660.65, moving +2.23% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.16%. Meanwhile, the Dow experienced a rise of 0.17%, and the technology-dominated Nasdaq saw an increase of 0.26%.
Heading into today, shares of the construction and maintenance company had gained 3.63% over the past month, lagging the Construction sector's gain of 5.01% and outpacing the S&P 500's gain of 1.89%.
Investors will be eagerly watching for the performance of Emcor Group in its upcoming earnings disclosure. The company is expected to report EPS of $6.66, up 5.38% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $4.27 billion, indicating a 13.32% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $25.24 per share and a revenue of $16.75 billion, demonstrating changes of +17.29% and 0%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Emcor Group. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, Emcor Group boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Emcor Group is currently exchanging hands at a Forward P/E ratio of 23.58. Its industry sports an average Forward P/E of 22.41, so one might conclude that Emcor Group is trading at a premium comparatively.
The Building Products - Heavy Construction industry is part of the Construction sector. This group has a Zacks Industry Rank of 170, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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EMCOR Group, Inc. (EME): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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