The Zacks Building Products - Heavy Construction industry is set to maintain its momentum, fueled by a significant infrastructure push spearheaded by the U.S. government. This initiative focuses on enhancing the nation's roads, bridges, and broadband connectivity. Industry players are benefiting from increased demand across various sectors, including communications, power transmission, and other infrastructure projects. Although the industry faces challenges such as project delays, a competitive labor marke ...

In the present edgy economic backdrop, it's important for investors to assess evolving market conditions and adopt a robust investment approach accordingly. While a stock's sales and earnings figures can influence investment decisions, this approach doesn't consistently deliver optimal returns amid complex market challenges like what we are witnessing currently. As a result, it is intriguing to pick quality stocks at the current level. Upbeat return on equity (ROE) can serve as one such quality measure. Let ...

Infrastructure stocks present a unique opportunity for investors to capitalize on the growth of the U.S. economy. With governments and the private sector investing billions in modern infrastructure expansion, there are a number of companies set to be the major beneficiaries. The largest tailwind going into the end of the decade is the Biden administration's recent bi-partisan infrastructure bill. This groundbreaking deal will rebuild and modernize America's roads, bridges, railways, networks and energy infr ...

Investing in growth stocks when the market is falling can be scary at times. Sometimes you can buy the dip, and the dip keeps dipping. This remains one of the most sound ways for investors to snap up shares at cheaper prices. Cheap can all be relative depending on the financial metrics you're evaluating. Therefore, selecting the right companies with strong business models, cash flows, and significant short and long-term growth prospects is important. The intelligent investor understands that evaluating trad ...

The US economy added 114,000 jobs in July 2024, well below a downwardly revised 179,000 in June and forecasts of 175,000. It is also the lowest level in three months, below the average monthly gain of 215,000 over the prior 12 months, indicating a cooling off in the labor market. The unemployment rate in the United States rose to 4.3% in July of 2024 from 4.1% in the previous month, the highest since October of 2021, and above market expectations that it would remain at 4.1%. In the meantime, the labor forc ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on. Value Score While good value is important, growth investors are more focused on a company's finan ...

During the quarter, the company observed strong demand for its specialty contracting services, indicating a positive business trajectory. Also, remaining performance obligations (RPOs) approached record levels and the pipeline remained robust. Owing to this solid performance, the company raised its financial guidance for 2024. EME reported adjusted earnings per share (EPS) of $5.25, surpassing the Zacks Consensus Estimate of $3.68 by 42.7%. The metric also increased 78% from the year-ago quarter's figure of ...

Record Quarterly Revenues of $3.67 billion, 20.4% Increase Year-over-Year Record Quarterly Diluted EPS of $5.25, 78.0% Increase Year-over-Year Remaining Performance Obligations of $9.0 billion, 8.6% Increase Year-over-Year Increases 2024 Revenue Guidance Range to $14.5 billion - $15.0 billion from $14.0 billion - $14.5 billion Increases 2024 Diluted EPS Guidance Range to $19.00 - $20.00 from $15.50 - $16.50 Operating income for the second quarter of 2024 was $332.8 million, or 9.1% of revenues, compared to ...

We executed at a fairly high burn rate on one of those sites as we hit peak manpower, and we hit peak scope, right? We're at the sweet spot on one of the major sites. And that's a good thing. You could see that in our cash flow, and you can see that in the execution and the drop-through in our mechanical business, especially when you get focused on high tech. As far as EVs, I've said this before, we were actually very careful of how we did this. We really led with fire, life safety. The structures are getti ...

This quarterly report represents an earnings surprise of 42.66%. A quarter ago, it was expected that this construction and maintenance company would post earnings of $2.92 per share when it actually produced earnings of $4.17, delivering a surprise of 42.81%. Emcor Group, which belongs to the Zacks Building Products - Heavy Construction industry, posted revenues of $3.67 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.45%. This compares to year-ago revenues of $3.05 bil ...