Specialty construction contractor company EMCOR (NYSE: EME) will be announcing earnings results this Thursday morning. Here’s what investors should know.
EMCOR beat analysts’ revenue expectations last quarter, reporting revenues of $5.15 billion, up 19.8% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and full-year EPS guidance exceeding analysts’ expectations.
Is EMCOR a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting EMCOR’s revenue to grow 21.1% year on year, improving from the 16.4% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. EMCOR has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at EMCOR’s peers in the construction and engineering segment, only Comfort Systems has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 53.7%. The stock was down 9.3% on the results.
Read our full analysis of Comfort Systems’s earnings results here.Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the construction and engineering stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.7% on average over the last month. EMCOR is down 12.3% during the same time and is heading into earnings with an average analyst price target of $979.13 (compared to the current share price of $671.67).
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