Emcor Group (EME) Exceeds Market Returns: Some Facts to Consider

Emcor Group (EME) closed at $823.05 in the latest trading session, marking a +1.42% move from the prior day. This move outpaced the S&P 500's daily gain of 0.5%. Meanwhile, the Dow gained 0.7%, and the Nasdaq, a tech-heavy index, added 0.31%. Heading into today, shares of the construction and maintenance company had lost 12.74% over the past month, lagging the Construction sector's loss of 1.37% and the S&P 500's loss of 0.23%.The upcoming earnings release of Emcor Group will be of great interest to investors. The company is expected to report EPS of $7.24, up 7.74% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $4.7 billion, indicating a 9.08% growth compared to the corresponding quarter of the prior year. For the full year, the Zacks Consensus Estimates are projecting earnings of $29.22 per share and revenue of $18.83 billion, which would represent changes of +12.95% and +10.86%, respectively, from the prior year. Investors should also pay attention to any latest changes in analyst estimates for Emcor Group. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.9% higher. Emcor Group presently features a Zacks Rank of #2 (Buy). Investors should also note Emcor Group's current valuation metrics, including its Forward P/E ratio of 27.78. This expresses a premium compared to the average Forward P/E of 27.09 of its industry. The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 50, this industry ranks in the top 21% of all industries, numbering over 250. 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. Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks