Emerson Electric (EMR) Dips More Than Broader Market: What You Should Know

Emerson Electric (EMR) closed the most recent trading day at $139.52, moving -2.54% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.22%. Elsewhere, the Dow saw a downswing of 0.03%, while the tech-heavy Nasdaq depreciated by 0.66%. Prior to today's trading, shares of the maker of process controls systems, valves and analytical instruments had gained 0.79% lagged the Industrial Products sector's gain of 10.67% and outpaced the S&P 500's loss of 1.21%.The investment community will be paying close attention to the earnings performance of Emerson Electric in its upcoming release. The company's upcoming EPS is projected at $1.68, signifying a 10.53% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $4.8 billion, up 5.48% from the year-ago period. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.49 per share and a revenue of $18.81 billion, indicating changes of +8.17% and +4.41%, respectively, from the former year. Investors should also take note of any recent adjustments to analyst estimates for Emerson Electric. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits. 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, 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.01% increase. Emerson Electric is holding a Zacks Rank of #3 (Hold) right now. Looking at valuation, Emerson Electric is presently trading at a Forward P/E ratio of 22.04. Its industry sports an average Forward P/E of 23.39, so one might conclude that Emerson Electric is trading at a discount comparatively. We can additionally observe that EMR currently boasts a PEG ratio of 2.29. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Manufacturing - Electronics was holding an average PEG ratio of 1.84 at yesterday's closing price. The Manufacturing - Electronics industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 81, placing it within the top 33% of over 250 industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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