Emcor Group (EME) ended the recent trading session at $694.21, demonstrating a -1.23% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.03%. At the same time, the Dow lost 0.58%, and the tech-heavy Nasdaq gained 0.28%.
Heading into today, shares of the construction and maintenance company had gained 12.27% over the past month, outpacing the Construction sector's gain of 6.96% and the S&P 500's gain of 0.6%.
The investment community will be closely monitoring the performance of Emcor Group in its forthcoming earnings report. The company is forecasted to report an EPS of $6.66, showcasing a 5.38% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $4.27 billion, up 13.32% from the prior-year quarter.
EME's full-year Zacks Consensus Estimates are calling for earnings of $25.24 per share and revenue of $16.75 billion. These results would represent year-over-year changes of +17.29% and 0%, respectively.
Investors should also note any recent changes to analyst estimates for Emcor Group. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Emcor Group is currently a Zacks Rank #3 (Hold).
In the context of valuation, Emcor Group is at present trading with a Forward P/E ratio of 25.64. This signifies no noticeable deviation in comparison to the average Forward P/E of 25.64 for its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 188, finds itself in the bottom 24% 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.
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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