In the latest close session, CRH (CRH) was down 4.31% at $121.89. The stock fell short of the S&P 500, which registered a loss of 0.53% for the day. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 1%.
Prior to today's trading, shares of the building material company had gained 0.36% lagged the Construction sector's gain of 4.47% and the S&P 500's gain of 2.06%.
Investors will be eagerly watching for the performance of CRH in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.56, showcasing a 9.09% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $9.54 billion, up 7.6% from the prior-year quarter.
CRH's full-year Zacks Consensus Estimates are calling for earnings of $5.56 per share and revenue of $37.57 billion. These results would represent year-over-year changes of +3.15% and 0%, respectively.
It is also important to note the 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. CRH presently features a Zacks Rank of #4 (Sell).
With respect to valuation, CRH is currently being traded at a Forward P/E ratio of 20.7. This represents a premium compared to its industry average Forward P/E of 19.91.
Meanwhile, CRH's PEG ratio is currently 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. The Building Products - Miscellaneous was holding an average PEG ratio of 1.91 at yesterday's closing price.
The Building Products - Miscellaneous industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 159, placing it within the bottom 36% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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CRH PLC (CRH): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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