EMCOR Group Inc. (NYSE: EME) has reported earnings for its second fiscal quarter (ending June 30) of $5.27 versus $2.97 for the same period a year ago — an increase of 77%. This result exceeded the consensus estimate of $3.67 by $1.60. For the latest four quarters through June 30, E.P.S. were $17.53 versus $10.11 for the same period a year ago — an increase of 73%.
Recent Price Action
EMCOR Group Inc. (NYSE: EME) stock declined by -2.8% on 7/25/24. The shares closed at $346.60. Moreover, exceptionally high trading volume at 257% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -4.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, EME is expected to continue to be a major Value Builder.
EMCOR Group has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. EMCOR Group has a slightly negative Appreciation Score of 33 but a very high Power Rating of 99, triggering the Positive Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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