Emcor Group (EME) Outpaces Stock Market Gains: What You Should Know

The most recent trading session ended with Emcor Group (EME) standing at $395.09, reflecting a +1.69% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.64%. At the same time, the Dow added 0.85%, and the tech-heavy Nasdaq gained 0.31%.Shares of the construction and maintenance company have depreciated by 8.86% over the course of the past month, underperforming the Construction sector's loss of 7.66% and the S&P 500's loss of 7.69%.The investment community will be paying close attention to the earnings performance of Emcor Group in its upcoming release. The company is forecasted to report an EPS of $4.57, showcasing a 9.59% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $3.8 billion, up 10.6% from the prior-year quarter.For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $23.37 per share and a revenue of $16.43 billion, representing changes of +8.6% and +12.77%, respectively, from the prior year.It is also important to note the recent changes to analyst estimates for Emcor Group. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 5.08% increase. Emcor Group currently has a Zacks Rank of #1 (Strong Buy).In terms of valuation, Emcor Group is currently trading at a Forward P/E ratio of 16.63. This represents a premium compared to its industry's average Forward P/E of 15.5.The Building Products - Heavy Construction industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 135, finds itself in the bottom 47% echelons of all 250+ industries.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant 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 EMCOR Group, Inc. (EME): 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