The most recent trading session ended with Emcor Group (EME) standing at $448.06, reflecting a -0.14% shift from the previouse trading day's closing. This move was narrower than the S&P 500's daily loss of 0.51%. Elsewhere, the Dow lost 0.75%, while the tech-heavy Nasdaq lost 0.28%.
Shares of the construction and maintenance company witnessed a loss of 1.95% over the previous month, trailing the performance of the Construction sector with its gain of 2.42% and the S&P 500's gain of 2.87%.
Investors will be eagerly watching for the performance of Emcor Group in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 26, 2025. The company is forecasted to report an EPS of $5.54, showcasing a 23.94% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $3.87 billion, showing a 12.6% escalation compared to the year-ago quarter.
It's also important for investors to be aware of any recent modifications to analyst estimates for Emcor Group. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Emcor Group presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Emcor Group is currently exchanging hands at a Forward P/E ratio of 20.18. This represents a premium compared to its industry's average Forward P/E of 17.29.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 170, which puts it in the bottom 33% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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EMCOR Group, Inc. (EME) : Free Stock Analysis Report
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