Emerson Electric (EMR) Sees a More Significant Dip Than Broader Market: Some Facts to Know

In the latest trading session, Emerson Electric (EMR) closed at $141.44, marking a -1.19% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.1% for the day. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.43%. Coming into today, shares of the maker of process controls systems, valves and analytical instruments had gained 1.54% in the past month. In that same time, the Industrial Products sector gained 6.25%, while the S&P 500 lost 1.34%. The investment community will be closely monitoring the performance of Emerson Electric in its forthcoming earnings report. The company is predicted to post an EPS of $1.68, indicating a 10.53% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $4.8 billion, indicating a 5.48% upward movement from the same quarter last year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.49 per share and a revenue of $18.81 billion, representing changes of +8.17% and +4.41%, respectively, from the prior year. It's also important for investors to be aware of any recent modifications to analyst estimates for Emerson Electric. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.01% higher. Emerson Electric is currently a Zacks Rank #3 (Hold). Valuation is also important, so investors should note that Emerson Electric has a Forward P/E ratio of 22.04 right now. This denotes a discount relative to the industry average Forward P/E of 22.61. It's also important to note that EMR currently trades at a PEG ratio of 2.28. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. EMR's industry had an average PEG ratio of 1.8 as of yesterday's close. The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 35% of all 250+ industries. 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. Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in 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