Emcor Group (EME) ended the recent trading session at $547.16, demonstrating a +1.08% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.61% for the day. On the other hand, the Dow registered a gain of 0.49%, and the technology-centric Nasdaq increased by 0.95%.
Heading into today, shares of the construction and maintenance company had gained 16.18% over the past month, outpacing the Construction sector's gain of 3.47% and the S&P 500's gain of 3.85%.
The investment community will be paying close attention to the earnings performance of Emcor Group in its upcoming release. 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. Meanwhile, the latest consensus estimate predicts the revenue to be $4.1 billion, indicating a 11.85% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $23.59 per share and a revenue of $16.42 billion, indicating changes of +9.62% and +12.74%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Emcor Group. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. Emcor Group is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Emcor Group is presently trading at a Forward P/E ratio of 22.95. This represents no noticeable deviation compared to its industry average Forward P/E of 22.95.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 11, finds itself in the top 5% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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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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