Published on 4 Mar 2024 on Zacks via Yahoo Finance
EMCOR Group, Inc. (EME) Hits Fresh High: Is There Still Room to Run?
Have you been paying attention to shares of Emcor Group (EME)? Shares have been on the move with the stock up 36% over the past month. The stock hit a new 52-week high of $321.16 in the previous session. Emcor Group has gained 48.5% since the start of the year compared to the 10.3% move for the Zacks Construction sector and the 27% return for the Zacks Building Products - Heavy Construction industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on February 28, 2024, Emcor Group reported EPS of $4.47 versus consensus estimate of $3.51 while it beat the consensus revenue estimate by 5.56%.