CRH (CRH) Stock Sinks As Market Gains: What You Should Know

CRH (CRH) closed the most recent trading day at $87.97, moving -0.19% from the previous trading session. This change lagged the S&P 500's 0.55% gain on the day. Elsewhere, the Dow gained 1.01%, while the tech-heavy Nasdaq lost 0.14%.The building material company's stock has dropped by 14.03% in the past month, falling short of the Construction sector's loss of 5.58% and the S&P 500's loss of 6.22%.The investment community will be paying close attention to the earnings performance of CRH in its upcoming release. On that day, CRH is projected to report earnings of -$0.06 per share, which would represent a year-over-year decline of 200%. Simultaneously, our latest consensus estimate expects the revenue to be $7.05 billion, showing a 7.9% escalation compared to the year-ago quarter.For the full year, the Zacks Consensus Estimates are projecting earnings of $5.79 per share and revenue of $38 billion, which would represent changes of +7.42% and +6.82%, respectively, from the prior year.Investors should also note any recent changes to analyst estimates for CRH. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.91% upward. CRH presently features a Zacks Rank of #5 (Strong Sell).Looking at valuation, CRH is presently trading at a Forward P/E ratio of 15.23. This expresses a discount compared to the average Forward P/E of 15.38 of its industry.We can also see that CRH currently has a PEG ratio of 1.23. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Building Products - Miscellaneous industry had an average PEG ratio of 1.75 as trading concluded yesterday.The Building Products - Miscellaneous industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 160, finds itself in the bottom 37% echelons of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want 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 CRH PLC (CRH): 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