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EMCOR (EME) Q1 Earnings: What To Expect

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Specialty construction contractor company EMCOR (NYSE: EME) will be announcing earnings results this Wednesday before market hours. Here’s what to expect.

EMCOR beat analysts’ revenue expectations last quarter, reporting revenues of $4.51 billion, up 19.7% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.

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 8.5% year on year, slowing from the 12.7% increase it recorded in the same quarter last year.

EMCOR Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to 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 56.5%. The stock was down 2.9% on the results.

Read our full analysis of Comfort Systems’s earnings results here.

There has been positive sentiment among investors in the construction and engineering segment, with share prices up 15.1% on average over the last month. EMCOR is up 26.7% during the same time and is heading into earnings with an average analyst price target of $887 (compared to the current share price of $888.52).

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