EMCOR(US:EME) ZACKSยท2024-12-02 19:31Core Viewpoint - Emcor Group (EME) has shown strong stock performance recently, with a notable increase in earnings estimates, indicating potential for continued growth in the near term [1][2][7]. Earnings Performance - Emcor Group is expected to report earnings of $5.54 per share for the current quarter, reflecting a year-over-year increase of +23.9% [5]. - The consensus earnings estimate for the current fiscal year is $20.74, indicating a significant change of +55.5% from the previous year [5]. - For the next fiscal year, the consensus estimate is $22.24, showing a year-over-year change of +7.2% [6]. Revenue Growth - The consensus sales estimate for the current quarter is $3.84 billion, representing a year-over-year increase of +11.7% [9]. - For the current fiscal year, the revenue estimate is $14.67 billion, indicating a growth of +16.6% [9]. - The next fiscal year's revenue estimate is $15.64 billion, reflecting a change of +6.6% [9]. Recent Results and Surprises - In the last reported quarter, Emcor Group achieved revenues of $3.7 billion, a year-over-year increase of +15.3% [10]. - The reported EPS was $5.80, compared to $3.61 a year ago, with a surprise of +16.23% against the consensus estimate [11]. - The company has consistently beaten consensus EPS estimates in the last four quarters and topped revenue estimates three times [11]. Valuation Metrics - Emcor Group has a Zacks Value Style Score of D, indicating it is trading at a premium compared to its peers [15]. - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is overvalued or undervalued [13][14]. Conclusion - The strong earnings estimate revisions and the Zacks Rank 1 suggest that Emcor Group may outperform the broader market in the near term [16].