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Emcor Group (EME) Beats Stock Market Upswing: What Investors Need to Know
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In the latest market close, Emcor Group (EME - Free Report) reached $450.45, with a +1.89% movement compared to the previous day. This change outpaced the S&P 500's 0.61% gain on the day. On the other hand, the Dow registered a gain of 0.97%, and the technology-centric Nasdaq increased by 0.33%.
Coming into today, shares of the construction and maintenance company had gained 13.8% in the past month. In that same time, the Construction sector gained 5.21%, while the S&P 500 gained 5.36%.
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 $4.99, showcasing a 38.23% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $3.68 billion, indicating a 14.86% upward movement from the same quarter last year.
Investors might also notice recent changes to analyst estimates for Emcor Group. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Emcor Group boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Emcor Group is currently exchanging hands at a Forward P/E ratio of 22.67. This valuation marks a premium compared to its industry's average Forward P/E of 20.37.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Emcor Group (EME) Beats Stock Market Upswing: What Investors Need to Know
In the latest market close, Emcor Group (EME - Free Report) reached $450.45, with a +1.89% movement compared to the previous day. This change outpaced the S&P 500's 0.61% gain on the day. On the other hand, the Dow registered a gain of 0.97%, and the technology-centric Nasdaq increased by 0.33%.
Coming into today, shares of the construction and maintenance company had gained 13.8% in the past month. In that same time, the Construction sector gained 5.21%, while the S&P 500 gained 5.36%.
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 $4.99, showcasing a 38.23% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $3.68 billion, indicating a 14.86% upward movement from the same quarter last year.
Investors might also notice recent changes to analyst estimates for Emcor Group. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Emcor Group boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Emcor Group is currently exchanging hands at a Forward P/E ratio of 22.67. This valuation marks a premium compared to its industry's average Forward P/E of 20.37.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.