EMCOR (EME) To Report Earnings Tomorrow: Here Is What To Expect

EME Cover Image

Specialty construction contractor company EMCOR (NYSE: EME) will be reporting earnings tomorrow before market hours. Here’s what investors should know.

EMCOR met analysts’ revenue expectations last quarter, reporting revenues of $4.30 billion, up 16.4% year on year. It was a mixed quarter for the company, with full-year EPS guidance meeting analysts’ expectations.

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 13.7% year on year, improving from the 9.6% increase it recorded in the same quarter last year.

EMCOR Total Revenue

Analysts covering the company have generally 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, some have already reported their Q4 results, giving us a hint as to what we can expect. AECOM’s revenues decreased 4.6% year on year, beating analysts’ expectations by 2.5%, and Comfort Systems reported revenues up 41.7%, topping estimates by 13%. AECOM traded up 1.1% following the results while Comfort Systems was also up 6.5%.

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

There has been positive sentiment among investors in the construction and engineering segment, with share prices up 5.3% on average over the last month. EMCOR is up 13.3% during the same time and is heading into earnings with an average analyst price target of $772 (compared to the current share price of $806.34).

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