Company Overview - Emcor Group (EME) ended the latest trading session at $470.18, reflecting a -1.87% change from the previous day's close, which is less than the S&P 500's daily loss of 1.11% [1] - Over the past month, Emcor Group's shares have gained 0.11%, while the Construction sector has lost 10.59% and the S&P 500 has decreased by 1.7% [1] Financial Performance Expectations - Emcor Group is expected to report an EPS of $5.54, representing a 23.94% increase from the prior-year quarter [2] - The consensus estimate for revenue is $3.84 billion, which is an 11.73% increase from the prior-year quarter [2] Analyst Estimates and Stock Performance - Recent modifications to analyst estimates for Emcor Group are crucial as they reflect short-term business trends and analyst optimism regarding the company's profitability [3] - The Zacks Rank system, which incorporates estimate changes, has a proven track record of outperformance, with 1 stocks returning an average of +25% annually since 1988 [4][5] - Emcor Group currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [5] Valuation Metrics - Emcor Group is trading at a Forward P/E ratio of 21.55, indicating a premium compared to its industry's Forward P/E of 17.73 [5] Industry Context - The Building Products - Heavy Construction industry, part of the Construction sector, has a Zacks Industry Rank of 155, placing it in the bottom 39% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]
Why Emcor Group (EME) Dipped More Than Broader Market Today