Emcor Group (EME) closed the most recent trading day at $541.34, moving -1.78% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.07%. Meanwhile, the Dow lost 0.37%, and the Nasdaq, a tech-heavy index, added 0.03%.
The stock of construction and maintenance company has risen by 16.33% in the past month, leading the Construction sector's gain of 3.52% and the S&P 500's gain of 3.94%.
The upcoming earnings release of Emcor Group will be of great interest to investors. It is anticipated that the company will report an EPS of $5.68, marking a 8.19% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $4.1 billion, indicating a 11.85% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $23.59 per share and a revenue of $16.42 billion, signifying shifts of +9.62% and +12.74%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Emcor Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Emcor Group possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Emcor Group is presently trading at a Forward P/E ratio of 23.37. Its industry sports an average Forward P/E of 23.37, so one might conclude that Emcor Group is trading at no noticeable deviation comparatively.
The Building Products - Heavy Construction industry is part of the Construction sector. This group has a Zacks Industry Rank of 10, putting it in the top 5% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next 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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