The Zacks Rank Explained: How to Find Strong Buy Construction Stocks
Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.
Should You Buy #1 (Strong Buy)-Ranked Emcor Group (EME) for Your Portfolio?
Emcor Group was upgraded to the Zacks Rank #1 list on August 1, 2023. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
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:
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $1.27 to $11.01 per share. EME boasts an average earnings surprise of 17.2%.
Analysts are expecting earnings to grow 35.9% for the current fiscal year, with revenue forecasted to rise 11.5%.
Additionally, EME has climbed higher over the past four weeks, gaining 4.2%. The S&P 500 is down 1.6% in comparison.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Emcor Group could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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