Emcor Group (EME) Outperforms Broader Market: What You Need to Know

Emcor Group (EME) ended the recent trading session at $649.54, demonstrating a +1.39% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.41%. Meanwhile, the Dow gained 0.18%, and the Nasdaq, a tech-heavy index, added 0.31%. Shares of the construction and maintenance company witnessed a gain of 3.33% over the previous month, beating the performance of the Construction sector with its loss of 0.35%, and the S&P 500's gain of 3.15%.Market participants will be closely following the financial results of Emcor Group in its upcoming release. The company is predicted to post an EPS of $6.57, indicating a 13.28% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $4.22 billion, up 14.04% from the year-ago period. For the full year, the Zacks Consensus Estimates are projecting earnings of $25.11 per share and revenue of $16.75 billion, which would represent changes of +16.68% and +15%, respectively, from the prior year. Investors should also note any recent changes to analyst estimates for Emcor Group. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.45% higher within the past month. As of now, Emcor Group holds a Zacks Rank of #1 (Strong Buy). With respect to valuation, Emcor Group is currently being traded at a Forward P/E ratio of 25.51. This denotes no noticeable deviation relative to the industry average Forward P/E of 25.51. The Building Products - Heavy Construction industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 2, positioning it in the top 1% of all 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. To follow EME in the coming trading sessions, be sure to utilize Zacks.com. 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 UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EMCOR Group, Inc. (EME): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks