Here's Why Emcor Group (EME) is a Strong Growth Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Emcor Group (EME)
EMCOR Group is one of the leading providers of mechanical and electrical construction, industrial and energy infrastructure, as well as building services for a diverse range of businesses. The company serves commercial, industrial, utility and institutional clients. The company currently operates under the following reportable segments:
EME sits at a Zacks Rank #1 (Strong Buy), holds a Growth Style Score of A, and has a VGM Score of B. Earnings and sales are forecasted to increase 52.8% and 12% year-over-year, respectively.
Two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.41 to $12.38 per share for 2023. EME boasts an average earnings surprise of 25%.
Looking at cash flow, Emcor Group is expected to report cash flow growth of 3.8% this year; EME has generated cash flow growth of 9.3% over the past three to five years.
Investors should take the time to consider EME for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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EMCOR Group, Inc. (EME) : Free Stock Analysis Report
