EMCOR (EME) Reports Earnings Tomorrow: What To Expect

Specialty construction contractor company EMCOR (NYSE:EME) will be reporting results tomorrow before market open. Here’s what to expect.

EMCOR missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $3.77 billion, up 9.6% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates.

Is EMCOR a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting EMCOR’s revenue to grow 10.3% year on year to $3.78 billion, slowing from the 18.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $4.63 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. EMCOR has missed Wall Street’s revenue estimates twice over the last two years.

Looking at EMCOR’s peers in the construction and engineering segment, only Comfort Systems has reported results so far. It beat analysts’ revenue estimates by 4.2%, delivering year-on-year sales growth of 19.1%. The stock traded up 5.6% on the results.

Investors in the construction and engineering segment have had fairly steady hands going into earnings, with share prices down 1.3% on average over the last month. EMCOR is up 11% during the same time and is heading into earnings with an average analyst price target of $486.60 (compared to the current share price of $410.26).

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