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EMCOR's Q3 Earnings & Revenues Beat Estimates, View Up
ZACKS· 2024-11-01 16:15
EMCOR Group, Inc. (EME) reported impressive third-quarter 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate and increasing year over year. See the Zacks Earnings Calendar to stay ahead of market-making news. The upside was backed by innovation and high-demand projects, particularly in data centers, semiconductor plants, and institutional sectors. Owing to this solid performance, the company raised its financial guidance for 2024. Following the results, shares of EMCOR gained 3 ...
EMCOR(EME) - 2024 Q3 - Earnings Call Transcript
2024-10-31 20:43
EMCOR Group, Inc. (NYSE:EME) Q3 2024 Earnings Conference Call October 31, 2024 10:30 AM ET Company Participants Andy Backman - Vice President-Investor Relations Tony Guzzi - Chairman, President & Chief Executive Officer Jason Nalbandian - Senior Vice President & Chief Financial Officer Conference Call Participants Brent Thielman - D.A. Davidson Adam Thalhimer - Thompson Davis Alex Dwyer - KeyBanc Capital Markets Operator Good morning. My name is Chuck, and I'll be your conference operator today. At this tim ...
EMCOR(EME) - 2024 Q3 - Quarterly Results
2024-10-31 15:52
EXHIBIT 99.1 FOR: EMCOR GROUP, INC. News Release CONTACT: Andrew G. Backman Vice President Investor Relations (203) 849-7938 FTI Consulting, Inc. Investors: Blake Mueller (718) 578-3706 EMCOR GROUP, INC. REPORTS THIRD QUARTER 2024 RESULTS Record Quarterly Revenues of $3.70 billion, 15.3% Increase Year-over-Year Record Quarterly Diluted EPS of $5.80, 62.5% Increase Year-over-Year Record Remaining Performance Obligations of $9.79 billion, 13.4% Increase Year-over-Year 2024 Revenue Guidance of at least $14.5 b ...
EMCOR(EME) - 2024 Q3 - Quarterly Report
2024-10-31 11:32
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-8267 EMCOR Group, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 11-2125338 (State or Other Jurisd ...
Should EMCOR Stock be Part of Your Portfolio Ahead of Q3 Earnings?
ZACKS· 2024-10-29 15:51
EMCOR Group, Inc. (EME) is scheduled to report third-quarter 2024 results on Oct. 31, before the opening bell. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. This Fortune 500 company posted stellar results in second-quarter 2024 on the back of strong demand across the business and operational excellence. Amid inflationary pressure, its adjusted earnings per share (EPS) surpassed analysts' expectations by 42.7% and increased a whopping 78% year over year. Revenues also grew 20.4% y ...
Here's Why Emcor Group (EME) Gained But Lagged the Market Today
ZACKS· 2024-10-24 23:06
In the latest market close, Emcor Group (EME) reached $446.11, with a +0.11% movement compared to the previous day. This change lagged the S&P 500's 0.22% gain on the day. On the other hand, the Dow registered a loss of 0.33%, and the technology-centric Nasdaq increased by 0.76%.The the stock of construction and maintenance company has risen by 2.33% in the past month, leading the Construction sector's loss of 2.78% and the S&P 500's gain of 1.47%.Market participants will be closely following the financial ...
EMCOR Trading Above Industry at 22.89X P/E: How to Play the Stock?
ZACKS· 2024-10-23 18:00
EMCOR Group, Inc. (EME) is currently trading at a premium valuation than the Zacks Building Products - Heavy Construction industry. With a forward 12-month price-to-earnings (P/E) ratio of 22.89X, it is slightly overvalued to the industry’s average of 21.55x and the broader Construction sector’s 18.08x.Image Source: Zacks Investment ResearchConsidering the company’s share price performance, investors have also shown an attractive reaction toward the company’s fundamentals and growth potential. In the year-t ...
Emcor Group (EME) Flat As Market Gains: What You Should Know
ZACKS· 2024-10-18 22:56
The most recent trading session ended with Emcor Group (EME) standing at $453.74, reflecting no shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.4%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq gained 0.63%. The construction and maintenance company's stock has climbed by 5.51% in the past month, exceeding the Construction sector's loss of 4.27% and the S&P 500's gain of 3.76%. Analysts and investors alike will be keeping a clo ...
Emcor Group (EME) Ascends While Market Falls: Some Facts to Note
ZACKS· 2024-10-17 23:05
Emcor Group (EME) closed the latest trading day at $453.75, indicating a +1.45% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 0.02%. Elsewhere, the Dow gained 0.38%, while the tech-heavy Nasdaq added 0.04%. The construction and maintenance company's stock has climbed by 9.43% in the past month, exceeding the Construction sector's loss of 3.19% and the S&P 500's gain of 3.77%. The investment community will be paying close attention to the earnings perfor ...
Emcor Group (EME) Outperforms Broader Market: What You Need to Know
ZACKS· 2024-09-30 23:06
The most recent trading session ended with Emcor Group (EME) standing at $430.53, reflecting a +0.81% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.42%. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq added 0.38%. Prior to today's trading, shares of the construction and maintenance company had gained 8.66% over the past month. This has outpaced the Construction sector's gain of 5.79% and the S&P 500's gain of 2.06% in that time. The investment ...