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Emcor Group (EME) Stock Falls Amid Market Uptick: What Investors Need to Know
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In the latest trading session, Emcor Group (EME - Free Report) closed at $388.66, marking a -1.75% move from the previous day. This change lagged the S&P 500's daily gain of 0.8%. Elsewhere, the Dow saw an upswing of 1.51%, while the tech-heavy Nasdaq depreciated by 0.01%.
Coming into today, shares of the construction and maintenance company had gained 11.03% in the past month. In that same time, the Construction sector gained 2.99%, while the S&P 500 gained 4.14%.
The investment community will be closely monitoring the performance of Emcor Group in its forthcoming earnings report. The company is predicted to post an EPS of $3.50, indicating a 18.64% growth compared to the equivalent quarter last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections 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 shows that these estimate changes are directly correlated with near-term stock prices. 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.
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 past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Emcor Group holds a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Emcor Group is presently being traded at a Forward P/E ratio of 24.57. This signifies a premium in comparison to the average Forward P/E of 20.54 for its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 2, which puts it in the top 1% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Emcor Group (EME) Stock Falls Amid Market Uptick: What Investors Need to Know
In the latest trading session, Emcor Group (EME - Free Report) closed at $388.66, marking a -1.75% move from the previous day. This change lagged the S&P 500's daily gain of 0.8%. Elsewhere, the Dow saw an upswing of 1.51%, while the tech-heavy Nasdaq depreciated by 0.01%.
Coming into today, shares of the construction and maintenance company had gained 11.03% in the past month. In that same time, the Construction sector gained 2.99%, while the S&P 500 gained 4.14%.
The investment community will be closely monitoring the performance of Emcor Group in its forthcoming earnings report. The company is predicted to post an EPS of $3.50, indicating a 18.64% growth compared to the equivalent quarter last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections 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 shows that these estimate changes are directly correlated with near-term stock prices. 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.
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 past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Emcor Group holds a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Emcor Group is presently being traded at a Forward P/E ratio of 24.57. This signifies a premium in comparison to the average Forward P/E of 20.54 for its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 2, which puts it in the top 1% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.