Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
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 is a Zacks Rank #1 (Strong Buy) stock, with a Momentum Style Score of A and VGM Score of B. Shares are down 3% over the past one week and up 0.3% over the past four weeks. EME has gained 80.3% in the last one-year period as well. Looking at trading volume, an average of 285,306.91 shares exchanged hands over the last 20 trading days.
Momentum investors also pay close attention to a company's earnings. For EME, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.29 to $11.03 per share for 2023. EME boasts an average earnings surprise of 17.2%.
Investors should take the time to consider EME for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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EMCOR Group, Inc. (EME) : Free Stock Analysis Report
