Stock Analysis
EMCOR Group (NYSE:EME) First Quarter 2024 Results
Key Financial Results
- Revenue: US$3.43b (up 19% from 1Q 2023).
- Net income: US$197.1m (up 77% from 1Q 2023).
- Profit margin: 5.7% (up from 3.9% in 1Q 2023). The increase in margin was driven by higher revenue.
- EPS: US$4.18 (up from US$2.33 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
EMCOR Group Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) also surpassed analyst estimates by 41%.
Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Construction industry in the US.
Performance of the American Construction industry.
The company's shares are up 4.0% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for EMCOR Group that you should be aware of before investing here.
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About NYSE:EME
EMCOR Group
EMCOR Group, Inc. provides construction and facilities, building, and industrial services in the United States and the United Kingdom.
Outstanding track record with flawless balance sheet.