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Why Emcor Group (EME) Outpaced the Stock Market Today
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Emcor Group (EME - Free Report) ended the recent trading session at $402.69, demonstrating a +1.58% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.13%. Meanwhile, the Dow experienced a rise of 0.55%, and the technology-dominated Nasdaq saw a decrease of 0.52%.
Shares of the construction and maintenance company witnessed a gain of 8.14% over the previous month, beating the performance of the Construction sector with its gain of 5.71% and the S&P 500's gain of 3.67%.
Analysts and investors alike will be keeping a close eye on the performance of Emcor Group in its upcoming earnings disclosure. On that day, Emcor Group is projected to report earnings of $4.99 per share, which would represent year-over-year growth of 38.23%. Meanwhile, the latest consensus estimate predicts the revenue to be $3.68 billion, indicating a 14.86% increase compared to the same quarter of the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Emcor Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Emcor Group is carrying a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Emcor Group is at present trading with a Forward P/E ratio of 20.33. This indicates a premium in contrast to its industry's Forward P/E of 19.85.
The Building Products - Heavy Construction industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 8, positioning it in the top 4% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
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Why Emcor Group (EME) Outpaced the Stock Market Today
Emcor Group (EME - Free Report) ended the recent trading session at $402.69, demonstrating a +1.58% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.13%. Meanwhile, the Dow experienced a rise of 0.55%, and the technology-dominated Nasdaq saw a decrease of 0.52%.
Shares of the construction and maintenance company witnessed a gain of 8.14% over the previous month, beating the performance of the Construction sector with its gain of 5.71% and the S&P 500's gain of 3.67%.
Analysts and investors alike will be keeping a close eye on the performance of Emcor Group in its upcoming earnings disclosure. On that day, Emcor Group is projected to report earnings of $4.99 per share, which would represent year-over-year growth of 38.23%. Meanwhile, the latest consensus estimate predicts the revenue to be $3.68 billion, indicating a 14.86% increase compared to the same quarter of the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Emcor Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Emcor Group is carrying a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Emcor Group is at present trading with a Forward P/E ratio of 20.33. This indicates a premium in contrast to its industry's Forward P/E of 19.85.
The Building Products - Heavy Construction industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 8, positioning it in the top 4% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.