- Emcor’s 1Q revenue has surpassed the estimated predictions, with $3.43 billion, indicating a year-over-year increase of 19%.
- The US revenue also increased by 20% year-over-year, reaching $3.33 billion against the estimated $3.12 billion.
- The United Kingdom building services revenue decreased by -5.6% year-over-year, documenting at $104.7 million, which is slightly less than the estimated $106.8 million.
- Earnings per share (EPS) were $4.17, a significant increase from $2.32 year-over-year.
- Operating income reached $260.0 million, up 68% year-over-year, beating the estimate of $182.7 million.
- Emcor is revising its full year 2024 revenue guidance range upwards to $14.0 billion – $14.5 billion, from the initial prediction of $13.5 billion – $14.0 billion.
- The full-year 2024 diluted earnings per share guidance range is also being increased to $15.50 – $16.50, from the earlier guidance range of $14.00 – $15.00.
- The company has indicated a balance in capital allocation, demonstrated by the recent acquisitions, shares repurchases, and an increased dividend.
- The company currently possesses 2 buys, 1 hold, indicating a positive investment outlook. There are no sell ratings for the company.
Emcor Group Inc on Smartkarma
Analysts on Smartkarma, such as Baptista Research, have been closely following Emcor Group Inc‘s performance. In a recent report titled “EMCOR Group: Leveraging Prefabrication & Building Information Modeling (BIM),” the company’s exceptional fourth-quarter results and strong overall performance in 2023 were highlighted. With revenues reaching $3.44 billion in Q4 and a significant organic revenue growth of 16.2%, Emcor Group Inc demonstrated remarkable financial strength. The total 2023 revenue of $12.6 billion, reflecting a 13.6% growth, further emphasized the company’s positive trajectory.
Another report by Baptista Research titled “EMCOR Group: Initiation of Coverage – The Unseen Opportunity in High-Tech Manufacturing!” delved into the unseen potential of Emcor Group Inc in high-tech manufacturing. This inaugural report showcased Emcor Group’s success in achieving all-time quarterly records across various financial metrics, including revenues, gross profits, and operating income. Through fundamental analysis of historical financial statements, analysts highlighted the company’s strong performance and potential for growth within the high-tech manufacturing sector.
A look at Emcor Group Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
EMCOR Group Inc, a company that specializes in providing mechanical and electrical construction and facilities services globally, is positioned for long-term success based on its Smartkarma Smart Scores. With a high Growth score of 5 and strong Momentum score of 5, the company appears well-positioned for future expansion and market performance. Additionally, EMCOR Group Inc demonstrates resilience with a score of 4, indicating its ability to navigate challenges and maintain stability. While the Value and Dividend scores are moderate at 2, the overall outlook for EMCOR Group Inc suggests a favorable trajectory in the long run.
EMCOR Group Inc’s strong focus on growth and momentum, coupled with its resilience in the face of uncertainties, bodes well for its future prospects. The company’s expertise in electrical power, lighting systems, and various other vital services positions it as a key player in the construction and facilities industry. As EMCOR Group Inc continues to expand and innovate, investors may find confidence in its potential for sustained growth and performance as reflected in its Smartkarma Smart Scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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