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Here's How Much a $1000 Investment in Emcor Group Made 10 Years Ago Would Be Worth Today
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For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks.
What if you'd invested in Emcor Group (EME - Free Report) ten years ago? It may not have been easy to hold on to EME for all that time, but if you did, how much would your investment be worth today?
Emcor Group's Business In-Depth
With that in mind, let's take a look at Emcor Group's main business drivers.
EMCOR Group is one of the leading providers of mechanical and electrical construction, industrial and energy infrastructure, as well as building services for a diverse range of businesses. The company serves commercial, industrial, utility and institutional clients. The company currently operates under the following reportable segments:
United States Electrical Construction and Facilities Services (contributing 22.1% to total revenues for 2023) – This comprises systems for premises electrical and lighting systems; electrical power transmission and distribution; roadway and transit lighting; fiber optic lines; voice and data communication; as well as low-voltage systems, such as fire alarm, security and process control.
United States Mechanical Construction and Facilities Services (40.3%) – This involves systems for fire protection; heating, ventilation, air conditioning, refrigeration and clean-room process ventilation; water and wastewater treatment and central plant heating and cooling; plumbing, process and high-purity piping; millwrighting; steel fabrication, erection and welding; as well as controls and filtration.
United States Building Services (24.8%) – This segment provides various types of support services related to operation and maintenance of clients’ facilities in the U.S. These include commercial and government site-based operations and maintenance; military base operations support services; infrastructure and building projects for federal, state and local governmental agencies.
United States Industrial Services (9.3%) – This segment comprises industrial maintenance and services that are needed for refineries and petrochemical plants such as designing, manufacturing, repairing and hydro blast cleaning of shell and tube heat exchangers and related equipment; overhaul and maintenance of critical process units in refineries and petrochemical plants.
United Kingdom Building Services (3.5%) – This segment provides support services related to operation and maintenance of commercial and government client facilities in the U.K.
Bottom Line
Anyone can invest, but building a successful investment portfolio requires research, patience, and a little bit of risk. So, if you had invested in Emcor Group ten years ago, you're likely feeling pretty good about your investment today.
A $1000 investment made in November 2014 would be worth $10,679.69, or a gain of 967.97%, as of November 6, 2024, according to our calculations. This return excludes dividends but includes price appreciation.
In comparison, the S&P 500 gained 185.77% and the price of gold went up 130.62% over the same time frame.
Going forward, analysts are expecting more upside for EME.
EMCOR reported impressive third-quarter 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate by 16.2% and 0.4%, respectively. On a year-over-year basis, both top and bottom lines increased 15.3% and 60.7%, respectively. The upside was backed by innovation and high-demand projects, particularly in data centers, semiconductor plants and institutional sectors. In the quarter, RPOs approached record levels of $9.8 billion and the pipeline remained robust. The company has strengthened its capabilities across regions and sectors by investing in comprehensive employee training, greenfield expansions and strategic acquisitions. Owing to this solid performance, the company raised its financial guidance for 2024. Shares of EMCOR have outperformed the industry in the year-to-date period.
Shares have gained 8.20% over the past four weeks and there have been 1 higher earnings estimate revisions for fiscal 2024 compared to none lower. The consensus estimate has moved up as well.
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Here's How Much a $1000 Investment in Emcor Group Made 10 Years Ago Would Be Worth Today
For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks.
What if you'd invested in Emcor Group (EME - Free Report) ten years ago? It may not have been easy to hold on to EME for all that time, but if you did, how much would your investment be worth today?
Emcor Group's Business In-Depth
With that in mind, let's take a look at Emcor Group's main business drivers.
EMCOR Group is one of the leading providers of mechanical and electrical construction, industrial and energy infrastructure, as well as building services for a diverse range of businesses. The company serves commercial, industrial, utility and institutional clients. The company currently operates under the following reportable segments:
United States Electrical Construction and Facilities Services (contributing 22.1% to total revenues for 2023) – This comprises systems for premises electrical and lighting systems; electrical power transmission and distribution; roadway and transit lighting; fiber optic lines; voice and data communication; as well as low-voltage systems, such as fire alarm, security and process control.
United States Mechanical Construction and Facilities Services (40.3%) – This involves systems for fire protection; heating, ventilation, air conditioning, refrigeration and clean-room process ventilation; water and wastewater treatment and central plant heating and cooling; plumbing, process and high-purity piping; millwrighting; steel fabrication, erection and welding; as well as controls and filtration.
United States Building Services (24.8%) – This segment provides various types of support services related to operation and maintenance of clients’ facilities in the U.S. These include commercial and government site-based operations and maintenance; military base operations support services; infrastructure and building projects for federal, state and local governmental agencies.
United States Industrial Services (9.3%) – This segment comprises industrial maintenance and services that are needed for refineries and petrochemical plants such as designing, manufacturing, repairing and hydro blast cleaning of shell and tube heat exchangers and related equipment; overhaul and maintenance of critical process units in refineries and petrochemical plants.
United Kingdom Building Services (3.5%) – This segment provides support services related to operation and maintenance of commercial and government client facilities in the U.K.
Bottom Line
Anyone can invest, but building a successful investment portfolio requires research, patience, and a little bit of risk. So, if you had invested in Emcor Group ten years ago, you're likely feeling pretty good about your investment today.
A $1000 investment made in November 2014 would be worth $10,679.69, or a gain of 967.97%, as of November 6, 2024, according to our calculations. This return excludes dividends but includes price appreciation.
In comparison, the S&P 500 gained 185.77% and the price of gold went up 130.62% over the same time frame.
Going forward, analysts are expecting more upside for EME.
EMCOR reported impressive third-quarter 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate by 16.2% and 0.4%, respectively. On a year-over-year basis, both top and bottom lines increased 15.3% and 60.7%, respectively. The upside was backed by innovation and high-demand projects, particularly in data centers, semiconductor plants and institutional sectors. In the quarter, RPOs approached record levels of $9.8 billion and the pipeline remained robust. The company has strengthened its capabilities across regions and sectors by investing in comprehensive employee training, greenfield expansions and strategic acquisitions. Owing to this solid performance, the company raised its financial guidance for 2024. Shares of EMCOR have outperformed the industry in the year-to-date period.
Shares have gained 8.20% over the past four weeks and there have been 1 higher earnings estimate revisions for fiscal 2024 compared to none lower. The consensus estimate has moved up as well.