EMCOR ve 2. čtvrtletí zvýšil tržby divize Building Services o 5,6 % na 837,7 mil. USD a provozní zisk vzrostl o 26,6 % na 63,4 mil. USD. Provozní marže se rozšířila o 130 bps na 7,6 %.
Key Takeaways EME's Building Services revenues rose 5.6% to $837.7M, with growth across service operations.Building Services operating income jumped 26.6%, while margin expanded 130 bps to 7.6%.HVAC retrofits, upgrades and overhead efficiency could support further margin expansion for EME. EMCOR Group, Inc. (EME - Free Report) is seeing its Building Services business benefit from improving demand across its service operations and a more efficient cost structure. Mechanical Services is gaining from a larger service base and customer spending on building upgrades, while the site-based services business is benefiting from actions taken to improve its contract portfolio. These trends are strengthening EMCOR’s earnings profile and provide a basis for examining the scope for further margin improvement.
Building Services revenues increased 5.6% year over year to $837.7 million in the second quarter of 2026. Mechanical Services revenues rose nearly 5% year over year, on broad-based strength across its service lines. Commercial site-based services also returned to growth, with revenues increasing roughly 11% year over year, as new facilities maintenance contracts and expanded customer relationships contributed to the improvement.
This revenue growth was accompanied by a stronger earnings performance. Building Services operating income increased 26.6% year over year to $63.4 million, while operating margin expanded 130 basis points (bps) to 7.6%. Gross profit margin rose 70 bps, aided by favorable mix and improved execution. Restructuring within site-based services also reduced SG&A margin by 60 bps, creating additional operating leverage.
The next phase of margin improvement will depend on the balance between revenue growth and cost efficiency. Mechanical Services has several demand drivers, including HVAC retrofits, control-system upgrades, indoor air quality projects and energy-efficiency initiatives. The leaner cost structure in site-based services also gives EMCOR an opportunity to capture more earnings from incremental revenues.
With growth returning across both parts of Building Services and operating income rising substantially faster than sales, EMCOR has a favorable foundation for further margin expansion. Execution, contract mix and overhead efficiency will remain important in determining how much of this growth translates into higher profitability.
EMCOR and Its Key Infrastructure CompetitorsEMCOR competes closely with Quanta Services, Inc. (PWR - Free Report) and MasTec, Inc. (MTZ - Free Report) in the infrastructure and engineering construction market.
Quanta operates across utility, technology and load center markets, providing electrical, mechanical, civil and fabrication services. The company’s broad capabilities and long-standing customer relationships support its position in large and complex infrastructure projects. Quanta is also expanding across technology, power generation and utility markets, increasing exposure to several major infrastructure investment areas. However, exposure to utility capital spending and the timing of large project awards can affect the pace of growth.
MasTec maintains a diversified infrastructure platform spanning telecommunications, power delivery, clean energy and infrastructure, pipeline and mission-critical construction. This broad exposure allows MasTec to benefit from multiple infrastructure investment themes, including data center development, grid modernization, power generation and natural gas infrastructure. However, project timing across individual end markets can create variability, as seen with near-term deferrals in Communications despite strength across Power Delivery, Pipeline and Clean Energy & Infrastructure.
EMCOR’s execution-focused operating model, diversified end-market exposure and balanced project portfolio provide a competitive advantage in terms of stability and demand resilience. However, Quanta’s broad infrastructure capabilities and MasTec’s diversified infrastructure presence may shape competition as investment in digital and critical infrastructure continues to increase.
EME Stock’s Price Performance & Valuation TrendShares of this Connecticut-based infrastructure service provider have gained 20.2% year to date, outperforming the Zacks Building Products - Heavy Construction industry, the Zacks Construction sector and the S&P 500 Index.
Image Source: Zacks Investment Research
EME stock is currently trading at a premium compared with the industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 20.54, as evidenced by the chart below.
Image Source: Zacks Investment Research
Earnings Estimate Revision of EMEEME’s earnings estimates for 2026 and 2027 have moved upward in the past 30 days to $33.04 and $37.14 per share, respectively. The revised estimates for 2026 and 2027 imply year-over-year growth of 27.7% and 12.4%, respectively.
Image Source: Zacks Investment Research
EMCOR stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
EMCOR ve 2. čtvrtletí 2026 zvýšil tržby v segmentu Mechanical Construction o 31 % na 2,3 miliardy USD, ale provozní marže klesla o 110 bazických bodů na 12,5 %. Vedení čeká tlak na projektový mix až do konce roku 2026.
Key Takeaways EME's Mechanical Construction revenues surged 31% to $2.3 billion on broad-based market demand.Margin fell 110 basis points to 12.5% as project mix shifted toward lower-margin work.Management expects project-mix pressure to persist through 2026 despite calling margins strong. EMCOR Group, Inc. (EME - Free Report) delivered strong growth in its Mechanical Construction business in the second quarter of 2026, with revenues rising 31% year over year to $2.3 billion. The increase was supported by broad-based demand across several markets. Within Mechanical Construction, network and communications revenues more than doubled, while institutional revenues increased 77%. Commercial revenues rose 26%, and manufacturing and industrial revenues grew 18%.
The strong top-line performance also translated into higher operating income, which increased 20.1% to $286.6 million. However, operating income grew at a slower pace than revenues, resulting in a 110-basis-point decline in operating margin to 12.5%. The margin pressure was mainly linked to project mix rather than weaker demand.
A higher share of projects where EMCOR serves as a construction manager or prime contractor affected profitability. The segment also handled more guaranteed maximum price and cost-plus work, which generally carries lower gross profit margins because of lower markups on materials, equipment and subcontractor costs. Water and wastewater and food-processing projects contributed to the shift in mix. Management expects this impact to remain through the rest of 2026.
The current margin level does not appear to signal a broader deterioration in the business. Management considers the 12.5% margin strong and said it remains in line with the segment’s average over the past 12-24 months. With Mechanical Construction generating substantial revenue growth across multiple end markets, the ability to manage project mix and protect margins will be important for converting continued demand into stronger earnings growth.
EMCOR and Its Key Infrastructure CompetitorsEMCOR competes closely with Quanta Services, Inc. (PWR - Free Report) and MasTec, Inc. (MTZ - Free Report) in the infrastructure and engineering construction market.
Quanta operates across utility, technology and load center markets, providing electrical, mechanical, civil and fabrication services. The company’s broad capabilities and long-standing customer relationships support its position in large and complex infrastructure projects. Quanta is also expanding across technology, power generation and utility markets, increasing exposure to several major infrastructure investment areas. However, exposure to utility capital spending and the timing of large project awards can affect the pace of growth.
MasTec maintains a diversified infrastructure platform spanning telecommunications, power delivery, clean energy and infrastructure, pipeline and mission-critical construction. This broad exposure allows MasTec to benefit from multiple infrastructure investment themes, including data center development, grid modernization, power generation and natural gas infrastructure. However, project timing across individual end markets can create variability, as seen with near-term deferrals in Communications despite strength across Power Delivery, Pipeline and Clean Energy & Infrastructure.
EMCOR’s execution-focused operating model, diversified end-market exposure and balanced project portfolio provide a competitive advantage in terms of stability and demand resilience. However, Quanta’s broad infrastructure capabilities and MasTec’s diversified infrastructure presence may shape competition as investment in digital and critical infrastructure continues to increase.
EME Stock’s Price Performance & Valuation TrendShares of this Connecticut-based infrastructure service provider have gained 20.9% year to date, outperforming the Zacks Building Products - Heavy Construction industry, the Zacks Construction sector and the S&P 500 Index.
Image Source: Zacks Investment Research
EME stock is currently trading at a premium compared with the industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 20.72, as evidenced by the chart below.
Image Source: Zacks Investment Research
Earnings Estimate Revision of EMEEME’s earnings estimates for 2026 and 2027 have moved upward in the past 30 days to $33.04 and $37.14 per share, respectively. The revised estimates for 2026 and 2027 imply year-over-year growth of 27.7% and 12.4%, respectively.
Image Source: Zacks Investment Research
EMCOR stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Advisors Capital Management ve druhém čtvrtletí koupila nový podíl v EMCOR Group, a to 724 akcií za zhruba 601 000 USD. EMCOR Group za čtvrtletí vykázala tržby 5,15 miliardy USD a EPS 9,06, nad odhady.
Advisors Capital Management LLC bought a new stake in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 724 shares of the construction company’s stock, valued at approximately $601,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of EME. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of EMCOR Group by 3.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 356 shares of the construction company’s stock worth $270,000 after buying an additional 13 shares in the last quarter. PAX Financial Group LLC grew its stake in EMCOR Group by 3.6% during the fourth quarter. PAX Financial Group LLC now owns 404 shares of the construction company’s stock valued at $247,000 after acquiring an additional 14 shares in the last quarter. First National Bank of Hutchinson increased its holdings in EMCOR Group by 0.9% during the 4th quarter. First National Bank of Hutchinson now owns 1,614 shares of the construction company’s stock worth $987,000 after acquiring an additional 15 shares during the period. KPP Advisory Services LLC increased its holdings in EMCOR Group by 3.9% during the 4th quarter. KPP Advisory Services LLC now owns 399 shares of the construction company’s stock worth $244,000 after acquiring an additional 15 shares during the period. Finally, Cornerstone Wealth Management LLC lifted its stake in EMCOR Group by 2.1% in the 4th quarter. Cornerstone Wealth Management LLC now owns 739 shares of the construction company’s stock worth $452,000 after purchasing an additional 15 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth EME has been the subject of several analyst reports. DA Davidson set a $1,047.00 price target on shares of EMCOR Group in a report on Monday, August 10th. Oppenheimer upped their price target on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of EMCOR Group in a research report on Friday, July 17th. Stifel Nicolaus set a $918.00 price objective on EMCOR Group in a research note on Thursday, April 30th. Finally, Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, EMCOR Group presently has an average rating of “Buy” and an average target price of $965.86.
Read Our Latest Report on EME EMCOR Group Stock Performance EMCOR Group stock opened at $777.68 on Friday. The firm’s fifty day moving average price is $797.37 and its 200-day moving average price is $800.45. The stock has a market cap of $34.30 billion, a P/E ratio of 24.19 and a beta of 1.14. EMCOR Group, Inc. has a fifty-two week low of $564.92 and a fifty-two week high of $951.96.
EMCOR Group (NYSE:EME – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.23 by $1.83. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the previous year, the firm posted $6.72 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, analysts predict that EMCOR Group, Inc. will post 33.04 earnings per share for the current year.
EMCOR Group Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.60 annualized dividend and a yield of 0.2%. EMCOR Group’s payout ratio is 4.98%.
Insider Activity In other news, Director Carol P. Lowe sold 950 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total value of $802,275.00. Following the completion of the transaction, the director directly owned 17,278 shares in the company, valued at approximately $14,591,271. This represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.73% of the company’s stock.
About EMCOR Group (Free Report)
EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.
EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.
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JPMorgan odhaduje, že asi 60 % kapacity datových center plánované na rok 2027 ještě ani nezačalo stavět. Největší brzdou AI boomu je tak výstavba, ne čipy.
Anyone who’s been part of building anything knows that plans rarely go according to schedule. Now apply that to building out data centers. Analysts from JPMorgan estimate that approximately 60% of data center capacity planned for completion in 2027 hasn’t even broken ground yet.
If that’s the case, then imagine what that means for data centers scheduled for 2028 and beyond. It’s a concern that explains a concrete reason why many stocks in the artificial intelligence (AI) trade are being whipsawed in 2026.
Get Comfort Systems USA alerts:
But it can also be an opportunity for investors with room in their portfolio for some boring stocks that may offer significant upside. These companies are addressing the real bottleneck in the data center story.
Data Center Demand Is Real, But Construction Is the BottleneckData centers are a big source of controversy. In addition to the not-in-my-backyard (NIMBY) contingent, some analysts are playing a “gotcha” game and pointing out that many of the nearly 4,000 planned new data centers will never break ground. They were just applications filed by developers looking to find the most viable location.
But that seems like a red herring. Even if only one-third of the currently forecast buildout takes place, it will mean over $10 trillion in new money flowing into the economy. That dwarfs the buildout of the intercontinental railroad.
The more urgent issue facing developers and investors is the ability to get the permitted data centers built. This goes beyond semiconductor chips, GPUs, and access to 24/7 power. Getting these data centers up and running requires electricians, plumbers, and welders, many of whom don’t currently live in areas where the data centers are being built.
Here are three companies that have already announced significant project backlogs that align with data center projects. These are the companies that may provide the biggest gains in the next few years.
Comfort Systems USA Has a $14 Billion Data Center BacklogComfort Systems USA Today
FIX
Comfort Systems USA
$1,667.17 -28.89 (-1.70%)
As of 12:00 PM Eastern
$670.19▼
$2,073.990.22%
41.00
$2,057.86
Comfort Systems USA NYSE: FIX is a U.S.-based leader in the heating, ventilation, and air conditioning (HVAC) sector. In its Q2 2026 earnings report, Comfort Systems reported a record backlog of $14.1 billion, up 73% year over year (YOY). Most of that backlog came from technology and industrial demand.
This isn’t just about future demand. The company just had its first quarter with over $3 billion in revenue. Over 74% of the company’s current revenue is coming from new construction, including data centers.
It also logged a significant increase in its free cash flow (FCF), which came in at $999 million. Comfort Systems also ended the quarter with $1.8 billion in net cash, giving it ample room to support future growth while continuing to increase its dividend, which it’s done for 13 consecutive years.
Investors may be a little concerned about taking a position in an industrial stock that has a forward price-to-earnings (P/E) ratio of around 37x and a stock price that’s increased by over 2,200% in the last five years.
But the consensus price target of $2,057.86 implies approximately 20% upside. Analysts also acknowledge the possibility of a stock split, which doesn’t change the valuation, but could make FIX more appealing to retail investors.
EMCOR Group’s Backlog Supports More Data Center GrowthEMCOR Group Today
$789.57 -16.21 (-2.01%)
As of 11:55 AM Eastern
$564.92▼
$951.960.20%
24.56
$965.86
EMCOR Group NYSE: EME falls into a similar category as Comfort Systems. The construction and engineering company delivers a broad range of services to industrial and institutional clients, including data centers.
The company had a beat-and-raise quarter in Q2 2026 with revenue of $5.15 billion, up 19.8% YOY. Adjusted earnings per share (EPS) of $9.06 was up 35% YOY.
The company’s backlog was a key reason it had the visibility to raise full-year guidance for the second time. A key point to note about the raised earnings guidance is that EMCOR is doing so despite its plans to acquire five union electrical contractors, which will limit near-term EPS accretion.
EME stock is up over 500% in the last five years. However, like FIX, analysts believe it can still go higher. The consensus price target of $965.86 implies over 19% upside from its price as of this writing.
Sterling Infrastructure Is a Fast-Growing Data Center PlaySterling Infrastructure Today
STRL
Sterling Infrastructure
$516.72 -17.68 (-3.31%)
As of 12:04 PM Eastern
$266.13▼
$1,005.6837.25
$657.00
Sterling Infrastructure NASDAQ: STRL rounds out the group, and its numbers may be the most eye-popping of the three. The company's Q2 2026 revenue jumped 90% YOY to $1.17 billion, while adjusted EPS more than doubled, up 116% to $5.80. Both numbers were well ahead of analyst estimates.
The growth is being fueled by its E-Infrastructure segment, which serves mission-critical data center and semiconductor projects and saw revenue nearly triple during the quarter. Combined backlog reached $5.62 billion, up 150% YOY, giving management the confidence to raise full-year guidance across the board.
Shares have still pulled back on valuation concerns despite the beat-and-raise quarter. But with a consensus Moderate Buy rating and a consensus price target of $657, analysts see room for STRL to keep climbing as the buildout bottleneck plays out in its favor.
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Abacus FCF Advisors LLC ve 2. čtvrtletí koupila novou pozici v EMCOR Group: 8 710 akcií za zhruba 7,228 milionu USD. EMCOR zároveň oznámila zisk na akcii 9,06 USD, nad odhadem 7,23 USD.
Abacus FCF Advisors LLC purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,710 shares of the construction company’s stock, valued at approximately $7,228,000.
Several other institutional investors and hedge funds also recently modified their holdings of EME. Ascentis Independent Advisors acquired a new position in EMCOR Group during the 1st quarter valued at about $27,000. Swiss RE Ltd. acquired a new position in shares of EMCOR Group during the fourth quarter valued at approximately $25,000. Zions Bancorporation National Association UT bought a new stake in EMCOR Group during the fourth quarter worth approximately $28,000. Clearstead Trust LLC bought a new stake in EMCOR Group during the second quarter worth approximately $38,000. Finally, Basecamp Wealth Advisors LLC lifted its position in EMCOR Group by 4,700.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock worth $35,000 after purchasing an additional 47 shares during the period. Institutional investors own 92.59% of the company’s stock.
Insider Buying and Selling In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of EMCOR Group stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total transaction of $802,275.00. Following the transaction, the director owned 17,278 shares of the company’s stock, valued at $14,591,271. The trade was a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.73% of the company’s stock.
EMCOR Group Price Performance EMCOR Group stock opened at $804.87 on Thursday. The firm’s 50 day simple moving average is $798.75 and its 200-day simple moving average is $800.14. The company has a market cap of $35.50 billion, a P/E ratio of 25.03 and a beta of 1.14. EMCOR Group, Inc. has a fifty-two week low of $564.92 and a fifty-two week high of $951.96. EMCOR Group (NYSE:EME – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.23 by $1.83. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.71 billion. EMCOR Group had a net margin of 7.74% and a return on equity of 35.49%. During the same quarter in the previous year, the business earned $6.72 earnings per share. The firm’s revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, analysts expect that EMCOR Group, Inc. will post 33.04 EPS for the current fiscal year.
EMCOR Group Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, July 15th. EMCOR Group’s dividend payout ratio is currently 4.98%.
Wall Street Analysts Forecast Growth Several research analysts recently weighed in on the company. Zacks Research raised EMCOR Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Stifel Nicolaus set a $918.00 price target on shares of EMCOR Group in a report on Thursday, April 30th. Oppenheimer raised their price objective on shares of EMCOR Group from $1,100.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. UBS Group lifted their price objective on shares of EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, DA Davidson set a $1,047.00 target price on shares of EMCOR Group in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $965.86.
Get Our Latest Stock Report on EME
EMCOR Group Profile (Free Report)
EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.
EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.
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EMCOR ve 2. čtvrtletí zvýšil tržby o 19,8 % na 5,15 miliardy USD a EPS o 34,8 % na 9,06 USD díky silné poptávce po datových centrech a infrastruktuře. Firma zároveň zvedla výhled tržeb pro rok 2026 na 20–20,5 miliardy USD.
Key Takeaways EMCOR's Q2 revenues rose 19.8%, while EPS surged 34.8% on strong construction activity.EME's RPO reached a record $17.14B, boosted by data-center, network and infrastructure demand.EMCOR raised 2026 revenue guidance to $20-$20.5B and EPS guidance to $32-$33.25. EMCOR Group, Inc. (EME - Free Report) appears well-positioned to extend its growth streak as AI infrastructure investment and broader infrastructure demand continue to fuel project activity. The company delivered another record quarter in the second quarter of 2026, with revenues climbing 19.8% year over year to $5.15 billion. Operating income jumped 31.8% to $547.3 million, while earnings per share (EPS) surged 34.8% to $9.06.
The biggest growth engine remains EMCOR's construction businesses, particularly projects tied to data centers and network infrastructure. U.S. Electrical Construction revenues increased 24% to $1.66 billion, with network and communications revenues rising 45%. Mechanical Construction revenues jumped 31.1% to $2.3 billion, aided by more than double the network and communications activity and rising data-center cooling requirements.
The opportunity extends beyond data centers. EMCOR's record $17.14 billion remaining performance obligations, up 43.9% year over year, reflect strong demand across network and communications, healthcare, water and wastewater, and institutional markets. Data-center contracts were a major contributor to the backlog increase. EME is also benefiting from operating leverage and strategic investments. Building Services posted solid growth, while Industrial Services returned to stronger profitability. Recent acquisitions are expanding electrical capabilities and geographic reach, with four transactions carrying an aggregate upfront purchase price of about $700 million.
Reflecting strong demand and execution, EMCOR raised its 2026 revenue guidance to $20-$20.5 billion (from $18.50-$19.25 billion) and EPS guidance to $32-$33.25 (from $28.25-$29.75). With AI-driven infrastructure spending, a record backlog and improving profitability, EMCOR may have the ingredients to keep its winning streak alive.
EMCOR, Dycom & Comfort Systems: Chasing the AI BoomEMCOR, alongside other renowned market players like Dycom Industries, Inc. (DY - Free Report) and Comfort Systems USA, Inc. (FIX - Free Report) , is well-positioned to benefit from accelerating AI infrastructure investment and broader electrification trends.
EME stands out for its diversified exposure to data centers, network and communications, healthcare, water and institutional projects. Dycom is benefiting from sustained demand for fiber deployments, broadband connectivity and network upgrades as AI workloads increase data transmission requirements. Comfort Systems, meanwhile, offers strong exposure to the mechanical side of data-center construction, particularly HVAC, cooling and electrical systems needed to support high-density computing.
While Dycom's communications focus and Comfort Systems' mechanical expertise provide targeted AI infrastructure exposure, EMCOR's broader end-market diversification, record backlog and strong execution offer a more balanced growth profile as infrastructure spending expands.
EME Stock’s Price Performance & Valuation TrendShares of this Connecticut-based infrastructure service provider have gained 34.7% year to date, outperforming the Zacks Building Products - Heavy Construction industry, the Zacks Construction sector and the S&P 500 Index.
Image Source: Zacks Investment Research
EME stock is currently trading at a premium compared with the industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 23.14, as evidenced by the chart below.
Image Source: Zacks Investment Research
Earnings Estimate Revision of EMEEME’s earnings estimates for 2026 and 2027 have moved upward in the past 30 days to $33.04 per share and $37.13 per share, respectively. The revised estimates for 2026 and 2027 imply year-over-year growth of 27.7% and 12.4%, respectively.
Image Source: Zacks Investment Research
EMCOR stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
EMCOR po silném druhém čtvrtletí zvýšil výhled zisku i výnosů a těží z boomu výstavby datových center pro AI. Zacks mu nově přiřadil rank #1 (Strong Buy).
Key Takeaways EMCOR is a leading electrical and mechanical contractor riding the AI boom and other megatrends.EME averaged 14% revenue growth over the last five years, and roughly quadrupled its earnings.It is projected to follow this up with double-digit EPS and revenue growth in 2026 and 2027.EMCOR's beat-and-raise Q2 helps it land a Zacks Rank #1 (Strong Buy). EMCOR Group, Inc. (EME - Free Report) is a leading electrical and mechanical contractor with deep exposure to the AI data-center buildout and other key megatrends across energy and beyond. EME averaged 14% revenue growth over the last five years, while roughly quadrupling its earnings.
The AI data-center infrastructure specialist posted a strong beat-and-raise second quarter at the end of July, with its recent wave of upbeat earnings revisions landing the stock a Zacks Rank #1 (Strong Buy).
EME is projected to follow up its impressive five-year run of growth with another back to back years of double-digit earnings and revenue expansion.
EMCOR stock has crushed its sector, its industry, and the S&P 500 over the last 15 years, soaring ~3,600%. The stock recently found support at several key technical ranges after a healthy pullback off its highs. It is down ~10% from its peak, and its valuation looks enticing.
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The company is helping physically build key pillars of the 21st century economy, profiting directly from the AI data center spending boom, energy and infrastructure growth, reshoring, and beyond.
EME, which pays a dividend and boasts a strong balance sheet with near-zero debt, is a great way to ride the AI-boosted capex spree that shows no signs of slowing. Just last week Nvidia reached a deal with BlackRock, Goldman Sachs, and other Wall Street giants to raise $500 billion to fund the AI-infrastructure build out.
Bank of America followed up Nvidia’s AI capex spending news with its own plan to inject $250 billion into the AI-boosted infrastructure push focused on data centers, energy, and critical minerals. This backdrop is why McKinsey projects that $7 trillion will be spent globally on AI-centric capex by 2030.
Best Buy and Hold AI Infrastructure Stocks: EMEEMCOR is a mechanical and electrical construction services giant that also operates across industrial and energy infrastructure and building services. EMCOR boasts that it handles everything from “constructing a hyperscale data center to providing 24/7 support for a cutting-edge hospital to implementing the latest energy efficiency technologies.”
EME serves a wide range of end markets, including commercial and governmental buildings, industrial facilities, healthcare, education, and most importantly AI data centers and technology campuses.
Its Electrical Construction and Facilities Services unit (30% of 2025 sales) spans electrical power transmission and distribution, fiber optic lines, low-voltage systems, and more.
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The U.S. Mechanical Construction and Facilities Services segment (42%) features ventilation, air conditioning, water and wastewater treatment, central plant heating and cooling, steel fabrication, erection and welding, filtration, and much more. EMCOR’s smaller segments provide building operations and maintenance services (18%) as well as industrial maintenance and repair work for refineries and petrochemical plants (7%).
EME posted consistent revenue and earnings growth over the past 15 years outside of a Covid-based pullback. EMCOR’s growth (especially earnings) soared over the last five years as it profits from converging megatrends across technology/AI, energy and utilities infrastructure, reshoring, and more.
EME averaged 14% revenue growth over the last five years, climbing from $9.90 billion in FY21 to $16.99 billion in 2025. More impressively, it nearly quadrupled its GAAP earnings during this stretch, skyrocketing from $7.06 a share to $28.19 per share—its adjusted earnings jumped 266%.
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Investors must remember AI arms race is creating a once-in-a-generation (or longer) boom in the physical economy that EMCOR and its infrastructure peers are profiting from.
Wall Street already pushed the S&P 500 to new highs after the healthy pullback because the money keeps pouring in and earnings growth is stellar.
The hyperscalers alone are projected to spend roughly $700 billion or more in AI-related capex in 2026 and ramp up again in 2027, after spending ~$400 billion in 2025. Globally, companies will pour $7 trillion into data-center capex by 2030 (McKinsey), with $1.3 trillion aimed at energy.
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Nvidia last week reached a deal with Wall Street giants including BlackRock and Goldman Sachs to help raise $500 billion to fund the AI-infrastructure build-out.
The half-trillion-dollar in new AI infrastructure spending is the latest bullish sign for all things related to the AI spending spree. Bank of America then followed the Nvidia’s (NVDA - Free Report) AI capex spending news with its own plan to inject $250 billion into the AI-boosted infrastructure across data centers, energy, and critical minerals.
This AI-fueled spending is helping line the pockets of EMCOR and others that are physically building the new pillars of the 21st century economy and beyond.
The Top-Ranked AI Infrastructure Stock’s Growth OutlookEMCOR grew its earnings by 35% YoY in the second quarter to $9.06 a share, crushing our estimate by 25%. It closed the quarter with remaining performance obligations of $17.14 billion, up 44% from the year-ago period.
The strong quarter and its growing backlog helped it raise its full-year earnings and revenue guidance. Its consensus earnings estimates have jumped 13% for 2026 and 2027 since its Q2 release on July 30.
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EMCOR is projected to grow its adjusted earnings another 28% in 2026 and 12.4% in 2027 on the back of 20% and 10%, respective sales growth.
EME has also consistently topped our bottom line estimates in the past five years, outside of a few misses.
Buy the Soaring Zacks Rank #1 (Strong Buy) Stock Before It Breaks Out?EMCOR shares have soared ~600% over the past five years as part of a stellar market and sector-crushing run over the last 15 (~3,600%) and 25 years (~8,600%). EME has climbed ~40% YTD, yet it has fallen roughly 10% from its early May highs.
The stock has already bounced back alongside the broader market. EME found buyers near its long-term 50-week and the key technical range below at the end of July.
EMCOR is back above its 50-day and on the verge of overtaking another critical level that could lead to a breakout to new all-time highs (see chart below).
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EME downturn, coupled with its strong earnings outlook, has it trading at 24.1X forward earnings. This marks a ~23% discount to its highs and just an 11% premium to its Building Products - Heavy Construction industry and a 16% premium to the S&P 500, even though EMCOR has climbed ~1,400% in the past 10 years vs. its industry’s 540% and benchmark’s 285%.
On top of that, EME’s strong balance sheet is highlighted by its near-zero debt and surging shareholders’ equity. Plus, eight of the 11 brokerage recommendations Zacks has are “Strong Buys.”
EMCOR zvýšil výhled tržeb pro rok 2026 na 20–20,5 miliardy USD poté, co RPO dosáhly rekordu 17,14 miliardy USD, což je meziročně o 44 % více. Ve 2. čtvrtletí tržby stouply o 19,8 % na 5,15 miliardy USD.
Key Takeaways EMCOR's RPOs rose 44% year over year to a record $17.14 billion at the end of Q2.Data center demand and AI infrastructure spending helped drive strong Network and communications growth.EMCOR raised 2026 revenue guidance to $20-$20.5 billion as its RPO base continues to expand. EMCOR Group, Inc. (EME - Free Report) has built a sizeable contracted revenue base as demand for data centers, infrastructure and other complex projects remains strong. Record RPOs of $17.14 billion at the end of the second quarter, up 44% year over year and 10% sequentially, point to a larger pool of work that can be converted into revenues over time. About 95% of the increase was organic, indicating that the expansion was driven largely by new business rather than acquisitions.
Data center activity remains a major contributor to this growth. Network and communications generated the largest revenue increase during the quarter, supported by customer spending on AI infrastructure and digital transformation. At the same time, RPO gains across water and wastewater, health care and institutional markets provide additional sources of contracted work.
The scale of the RPO base also changes the timing of revenue conversion. Historically, about 85% of RPOs were completed within 12 months. That figure has moved to roughly 75-76%, partly because of larger projects and the higher volume of recent bookings. The longer duration could spread revenue recognition over a wider period while extending visibility beyond the current year.
Against this backdrop, second-quarter revenues increased 19.8% to $5.15 billion, and the company raised 2026 revenue guidance to $20-$20.5 billion. A growing RPO base, combined with broad-based bookings, gives EMCOR a substantial amount of contracted work to support revenue growth in the periods ahead.
EMCOR and Its Key Infrastructure CompetitorsEMCOR competes closely with MasTec, Inc. (MTZ - Free Report) and Quanta Services (PWR - Free Report) across electrical, mechanical and infrastructure construction. Both companies maintain sizable order books, providing visibility into future revenues and reflecting strong demand across key end markets.
MasTec reported a record backlog of $21.4 billion in the second quarter, up 30% year over year and 5% sequentially. The company recorded a book-to-bill ratio of 1.2x, led by Pipeline Infrastructure and Clean Energy & Infrastructure. Power Delivery, Pipeline Infrastructure and Clean Energy & Infrastructure benefited from demand for grid modernization, power generation, renewables, natural gas and data centers. Clean Energy & Infrastructure revenues increased 43%, while segment backlog rose $500 million sequentially with a 1.3x book-to-bill ratio.
Quanta reported a record backlog of approximately $53.4 billion in the second quarter, up about 49% year over year from $35.8 billion. The backlog reflects demand across utility, generation and technology load center markets. Larger programs and multiyear commitments are also emerging across these markets, which could support revenues over an extended period. Recent acquisitions have added capabilities in electrical, mechanical, civil and fabrication services, further expanding the company’s addressable market.
Both MasTec and Quanta offer strong revenue visibility through sizable order books. MasTec benefits from diversified infrastructure demand across power, renewables and data centers, while Quanta’s backlog is supported by utility, generation and technology load center projects.
EME Stock’s Price Performance & Valuation TrendShares of this Connecticut-based infrastructure service provider have gained 36.2% year to date, outperforming the Zacks Building Products - Heavy Construction industry, the Zacks Construction sector and the S&P 500 Index.
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EME stock is currently trading at a premium compared with the industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 24.16, as evidenced by the chart below.
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Earnings Estimate Revision of EMEEME’s earnings estimates for 2026 and 2027 have moved upward in the past seven days to $33.04 and $37.13 per share. The revised estimates for 2026 and 2027 imply year-over-year growth of 27.7% and 12.4%, respectively.
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EMCOR currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
EMCOR ve 2. čtvrtletí zvýšil tržby o 19,8 % na 5,15 miliardy USD a upravený zisk na akcii o 34,8 % na 9,06 USD. Firma zároveň zvýšila výhled na rok 2026.
Key Takeaways EMCOR posted Q2 revenue and earnings growth, supported by strength across all reportable segments.EMCOR's RPOs hit a record $17.14 billion, up 44% year over year and 10% sequentially.EME benefits from rising data center demand, broad end-market exposure and strategic acquisitions. EMCOR Group, Inc. (EME - Free Report) reported strong second-quarter 2026 results on July 30, with both earnings and revenues exceeding the Zacks Consensus Estimate by 25.3% and 9%, respectively. The company also delivered strong year-over-year growth across key metrics. Shares of EMCOR have gained 21.5% since the earnings release, reflecting positive investor sentiment toward its strong execution and raised 2026 guidance.
Digging Deeper Into EMCOR’s Q2 ResultsAdjusted earnings per share stood at $9.06, up 34.8% from the prior-year quarter, while revenues of $5.15 billion increased 19.8%. This growth was driven by strong performance across all reportable segments, supported by higher activity in network and communications, institutional, manufacturing and industrial, and warehousing and distribution. Operating margin in the quarter was 10.6%, up 100 basis points year over year from 9.6%, driven by operating leverage and favorable project mix. Supported by strong revenues and improved execution, operating income grew 31.8% year over year to $547.3 million.
Furthermore, EMCOR raised its 2026 revenue and earnings guidance, backed by strong demand and record remaining performance obligations. (read more: EME Q2 Earnings Beat Estimates on Broad-Based Growth, Stock Up)
EME Stock Outperforms Peers, Industry & Market
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So far this year, shares of this Connecticut-based infrastructure service provider have gained 33.5%, outperforming the Zacks Building Products - Heavy Construction industry, the broader Zacks Construction sector and the S&P 500 Index. Let us take a closer look at the factors shaping EMCOR stock’s prospects.
Record RPOs Strengthen EME’s Growth VisibilityEMCOR’s record RPO position is providing a stronger base for revenue growth. At the end of the second quarter of 2026, RPOs reached $17.14 billion, up 44% year over year and 10% sequentially, with 95% of the increase coming organically. Strong bookings across network and communications, water and wastewater, healthcare and institutional markets contributed to the expansion.
The broad-based increase reflects healthy customer demand across several end markets rather than reliance on a single area of construction. Large project awards and expanding customer relationships should support future activity, while the record RPO base provides greater visibility into revenue generation. The strength in RPOs also supported EMCOR’s decision to raise its 2026 revenue guidance to $20-$20.5 billion (up from the previous range of $18.50-$19.25 billion) and EPS to $32-$33.25 (up from the previous range of $28.25-$29.75).
Data Center Investments Create New Opportunities for EMEGrowing investment in data center infrastructure is creating a larger opportunity across EMCOR’s Electrical and Mechanical Construction businesses. Second-quarter growth in both segments was led by network and communications activity, with electrical revenues in the market increasing 45% and mechanical revenues more than doubling year over year.
The increasing size and complexity of AI-related facilities is also expanding the scope of work available to EMCOR. Higher power requirements and greater cooling needs are increasing the value of electrical and mechanical services, while continued investment in AI infrastructure and digital transformation should support project activity across multiple markets.
Broad End-Market Exposure Supports EME’s Project PipelineEMCOR’s diversified market exposure is creating opportunities beyond data center construction. Institutional, commercial and manufacturing and industrial activity all recorded strong growth in the second quarter, while water and wastewater and healthcare also contributed to RPO expansion.
This range of end markets gives EMCOR multiple avenues to participate in infrastructure and facility investment. Demand for healthcare facilities, institutional projects, manufacturing capacity, logistics infrastructure and water-related projects should provide a broad base of opportunities as customers invest in new facilities and upgrades.
Strategic Acquisitions Broaden EMCOR’s Market ReachEMCOR is using acquisitions to add capabilities and expand its presence in selected geographic markets. Recent transactions strengthen electrical and industrial capabilities across Wisconsin, Ohio, Florida, Texas and the Chicago area, while also broadening customer relationships and service offerings.
The acquired businesses also provide opportunities to enter data center projects through existing customer relationships and technical expertise. EMCOR expects the five acquisitions to contribute $250-$275 million in revenues during the second half of 2026, adding another source of growth alongside strong organic demand.
Earnings Estimate Revision of EMEEMCOR’s earnings estimates for 2026 and 2027 have moved upward in the past 30 days to $31.42 and $35.48 per share, respectively. The estimates for 2026 and 2027 imply year-over-year growth of 21.5% and 12.9%, respectively. The upward revisions reflect the company’s strong project execution, improving operating efficiency and broad-based demand across construction and building services markets. The raised full-year guidance and record operating performance also provide support for the earnings outlook.
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EME’s Premium ValuationEME stock is currently trading at a premium compared with the industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 24.1, as evidenced by the chart below.
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EMCOR vs. Other Market PlayersEMCOR competes closely with Quanta Services, Inc. (PWR - Free Report) , Dycom Industries, Inc. (DY - Free Report) and MasTec, Inc. (MTZ - Free Report) in the infrastructure and engineering construction market.
Quanta operates across utility, technology and load center markets, providing electrical, mechanical, civil and fabrication services. Its solutions-based model, broad capabilities and long-standing customer relationships provide a competitive advantage in large and complex infrastructure projects. Quanta is also expanding across technology, power generation and utility markets, increasing exposure to several major infrastructure investment areas. However, exposure to utility capital spending and the timing of large project awards can affect the pace of growth.
Meanwhile, Dycom is a pure-play digital infrastructure contractor focused on fiber, broadband and communications network deployment. Strong demand for fiber-to-the-home, long-haul fiber routes and data center connectivity continues to support growth opportunities across the communications market. However, Dycom's concentrated exposure to telecommunications infrastructure increases dependence on customer network investment programs and broadband spending cycles.
Conversely, MasTec maintains a diversified infrastructure platform spanning telecommunications, power delivery, clean energy and infrastructure, pipeline and mission-critical construction. This broad exposure allows MasTec to benefit from multiple infrastructure investment themes, including data center development, grid modernization, power generation and natural gas infrastructure. However, project timing across individual end markets can create variability, as seen with near-term deferrals in Communications despite strength across Power Delivery, Pipeline and Clean Energy & Infrastructure.
EMCOR’s execution-focused operating model, diversified end-market exposure and balanced project portfolio provide a competitive advantage in terms of stability and demand resilience. However, Quanta’s broad infrastructure capabilities, Dycom’s communications specialization and MasTec’s diversified infrastructure presence may shape competition as investment in digital and critical infrastructure continues to increase.
How to Play EMCOR Stock?EMCOR’s strong second-quarter performance and raised 2026 guidance reinforce its favorable growth prospects. Record RPOs, broad-based demand across construction markets and rising data center activity are supporting revenue visibility, while improving project execution and operating efficiency are strengthening profitability. Strategic acquisitions also add capabilities and expand the company's reach across attractive infrastructure markets.
EME trades at a premium valuation, but the strong earnings outlook and upward revisions provide support for the higher multiple. With a Zacks Rank #1 (Strong Buy) at present, EMCOR remains an attractive choice for investors seeking exposure to infrastructure construction and long-term demand across data centers, industrial facilities and other critical infrastructure markets. You can see the complete list of today’s Zacks #1 Rank stocks here.
EMCOR zvyšuje výhled na rok 2026 díky akvizicím a silné realizaci. Rekordní zbývající výkonnostní závazky 17,14 miliardy USD podporují dlouhodobý růst.
Key Takeaways EMCOR is funding acquisitions, technology and workforce investments while maintaining shareholder returns.Record $17.14 billion remaining performance obligations support long-term growth across key end markets.EME raised 2026 view as acquisitions and strong execution strengthen its electrical construction platform. EMCOR Group, Inc.’s (EME - Free Report) second-quarter 2026 financial results offer investors plenty to cheer about beyond another earnings beat. While record revenues, expanding margins and raised guidance grabbed the headlines, the company's disciplined capital allocation strategy may be the bigger long-term story.
The company continues to strike a healthy balance between rewarding shareholders and investing for future growth. During the first half of 2026, it maintained a strong balance sheet with $924 million in cash and almost negligible debt, giving it ample flexibility to pursue acquisitions, fund organic expansion and return capital through dividends and share repurchases. Management emphasized that financial strength remains a competitive advantage rather than merely a safety net. At the same time, EME generated solid operating cash flow despite the working-capital needs associated with rapid business growth.
The acquisition strategy also reflects disciplined execution rather than aggressive expansion. Recent deals are expanding EMCOR's technical capabilities, strengthening its electrical construction franchise and broadening its geographic footprint across several high-growth regions. Combined transaction metrics represent roughly $625 million in trailing revenues and approximately $105 million in EBITDA, reinforcing the company's position in attractive markets such as network & communications, healthcare, manufacturing and institutional construction. The company also continues to invest in prefabrication capabilities, Virtual Design and Construction technologies, and workforce expertise, helping improve productivity and customer execution.
Importantly, EMCOR's shareholder returns are not coming at the expense of growth investments. Record remaining performance obligations (RPOs) of $17.14 billion, robust AI-driven data center demand and strong bookings across water, healthcare and institutional markets provide the visibility needed to support both strategic reinvestment and continued capital returns. With raised full-year 2026 guidance and a balanced capital allocation model, EMCOR appears to be creating value well beyond dividends and buybacks, positioning itself for sustained long-term growth.
EMCOR, MasTec & Quanta: Betting Big Beyond BuybacksEMCOR's capital allocation strategy stands out as a key differentiator even as it competes with MasTec, Inc. (MTZ - Free Report) and Quanta Services, Inc. (PWR - Free Report) in a favorable public infrastructure environment. EME is leveraging its strong balance sheet to pursue disciplined acquisitions, expand its electrical construction capabilities and geographic footprint, while continuing to reward shareholders through dividends and share repurchases.
MasTec is aggressively reinvesting in its business through acquisitions and capital expenditures to strengthen its exposure to utility transmission, communications, clean energy and pipeline infrastructure, positioning itself to benefit from long-term federal infrastructure programs and rising power demand. Quanta continues to prioritize strategic acquisitions, workforce expansion and fleet investments to support its leadership in electric transmission, grid modernization, renewable energy and underground utility projects.
While MasTec and Quanta emphasize reinvestment to capture multi-year infrastructure opportunities, EMCOR distinguishes itself by pairing growth investments with disciplined shareholder returns, supported by record remaining performance obligations and strong execution across high-growth end markets.
EME Stock’s Price Performance & Valuation TrendShares of this Connecticut-based infrastructure service provider have gained 34.4% year to date, outperforming the Zacks Building Products - Heavy Construction industry, the Zacks Construction sector and the S&P 500 Index.
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EME stock is currently trading at a premium compared with the industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 26.1, as evidenced by the chart below.
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Earnings Estimate Revision of EMEEME’s earnings estimates for 2026 and 2027 have moved upward in the past seven days to $31.42 per share and $35.48 per share. The revised estimates for 2026 and 2027 imply year-over-year growth of 21.5% and 12.9%, respectively.
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EMCOR stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
EMCOR zvýšila výhled tržeb na 20–20,5 mld. USD a EPS na 32–33,25 USD pro rok 2026 po silnější poptávce a lepší viditelnosti projektů. Objem zakázek dosáhl rekordu 17,14 mld. USD.
Key Takeaways EMCOR's RPOs reached a record $17.14 billion, driven mainly by organic customer growth.EME raised its 2026 revenue, operating margin and EPS guidance on stronger demand and project visibility.Acquisitions expand EMCOR's reach, while project timing, labor and integration remain execution factors. EMCOR Group, Inc. (EME - Free Report) entered the second half of 2026 with record remaining performance obligations and a sharply higher outlook. The combination could extend its earnings momentum if contracted work converts into revenues at expected margins.
The opportunity is substantial, but execution still matters. Project timing, labor availability and acquisition-related amortization could affect the pace of earnings growth even as demand remains broad.
EMCOR’s Backlog Hits a New RecordRemaining performance obligations reached $17.14 billion at June 30, 2026, up 43.9% year over year and 29.3% from year-end 2025. Mechanical construction accounted for $9.31 billion, while electrical construction represented $6.33 billion.
Network and communications produced the largest increase, reflecting continued data-center activity. Water and wastewater, institutional and healthcare projects also contributed, giving EMCOR a more diversified pipeline than a single-market growth story.
Comfort Systems USA, Inc. (FIX - Free Report) offers another sign of strong demand for complex building systems. Its second-quarter backlog reached $14.06 billion, up from $8.12 billion a year earlier, while quarterly revenues rose to $3.27 billion.
Raised Guidance Resets EME’s Earnings OutlookEMCOR raised its 2026 revenue guidance to $20-$20.5 billion from $18.5-$19.25 billion. The company also increased its operating-margin outlook to 9.5-9.8% from 9-9.4%.
Earnings per share are now expected at $32-$33.25, above the prior range of $28.25-$29.75. The revision reflects stronger demand, better project visibility and confidence that current execution trends can continue through the remainder of the year.
Quanta Services, Inc. (PWR - Free Report) also increased its 2026 financial expectations after reporting second-quarter remaining performance obligations of $33.6 billion. That comparison shows how large contracted pipelines are supporting higher outlooks across infrastructure-focused contractors.
Organic Demand Drives EMCOR’s PipelineAbout 95% of EMCOR’s year-over-year remaining performance obligation growth was organic. Customer expansion and new awards, rather than acquisitions, drove most of the increase.
The pipeline spans data centers, water and wastewater, institutional, healthcare and manufacturing work. That breadth may help EMCOR sustain operating leverage because growth is not dependent on one end market or one project type.
Still, backlog does not become revenues automatically. Project schedules can move, and labor or material constraints can affect conversion timing and margins.
Acquisitions Add Scale but Delay AccretionFive electrical businesses acquired or targeted in 2026 generated $625 million in trailing revenues and $105 million in earnings before interest, taxes, depreciation and amortization. The transactions expand EMCOR’s reach in markets including Central Texas, Chicago, Wisconsin, Ohio and Florida.
Management expects the businesses to contribute $250-$275 million of second-half revenues. Near-term earnings accretion may be limited by backlog and intangible amortization, along with lower interest income after cash is deployed.
The longer-term case rests on revenue synergies, broader customer relationships and added technical capabilities. Those benefits will depend on successful integration without weakening EMCOR’s decentralized operating model.
EME’s Buy Signal Supports the Earnings ThemeThe backlog and guidance reset support the view that EMCOR can extend its growth trajectory, but the stock’s premium valuation increases the importance of clean execution. Investors may need continued revenue conversion and margin discipline to justify the current multiple.
EME currently carries a Zacks Rank #2 (Buy). Its Growth Score of B and Momentum Score of B complement that favorable rank, while the Value Score of D signals limited conventional value support. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The combination favors investors focused on earnings growth and price momentum more than those seeking a wide valuation cushion. Successful backlog conversion remains central to supporting the stock’s premium.
EMCOR Group oznámil za 2. čtvrtletí EPS 9,06 USD a tržby 5,15 miliardy USD, obojí nad odhady. Zároveň zvýšil výhled pro fiskální rok 2026 na EPS 32,00 až 33,25 USD.
Amundi decreased its position in EMCOR Group, Inc. (NYSE:EME – Free Report) by 30.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 223,491 shares of the construction company’s stock after selling 97,683 shares during the period. Amundi owned 0.50% of EMCOR Group worth $165,006,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EME. Ascentis Independent Advisors bought a new position in EMCOR Group in the first quarter valued at approximately $27,000. Swiss RE Ltd. bought a new stake in shares of EMCOR Group during the 4th quarter valued at $25,000. Zions Bancorporation National Association UT acquired a new position in shares of EMCOR Group in the 4th quarter valued at $28,000. Activest Wealth Management boosted its position in shares of EMCOR Group by 800.0% in the 4th quarter. Activest Wealth Management now owns 54 shares of the construction company’s stock worth $33,000 after purchasing an additional 48 shares during the last quarter. Finally, Richardson Financial Services Inc. boosted its position in shares of EMCOR Group by 71.9% in the 4th quarter. Richardson Financial Services Inc. now owns 55 shares of the construction company’s stock worth $34,000 after purchasing an additional 23 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.
EMCOR Group Stock Performance Shares of EME stock opened at $801.65 on Friday. EMCOR Group, Inc. has a 52 week low of $564.92 and a 52 week high of $951.96. The company’s 50 day moving average price is $802.08 and its two-hundred day moving average price is $787.69. The company has a market capitalization of $35.63 billion, a P/E ratio of 26.89 and a beta of 1.13.
EMCOR Group (NYSE:EME – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share for the quarter, beating the consensus estimate of $7.23 by $1.83. EMCOR Group had a net margin of 7.54% and a return on equity of 35.19%. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the prior year, the company earned $6.72 earnings per share. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Analysts forecast that EMCOR Group, Inc. will post 29.37 earnings per share for the current year.
EMCOR Group Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. EMCOR Group’s dividend payout ratio is presently 5.37%.
Insider Transactions at EMCOR Group In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $844.50, for a total transaction of $802,275.00. Following the completion of the transaction, the director owned 17,278 shares in the company, valued at approximately $14,591,271. This represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William P. Reid sold 2,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $925.78, for a total value of $1,851,560.00. Following the completion of the sale, the director owned 10,149 shares in the company, valued at approximately $9,395,741.22. This trade represents a 16.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.73% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes Several equities analysts have weighed in on EME shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $1,123.00 target price on shares of EMCOR Group in a research note on Tuesday, June 16th. Oppenheimer began coverage on shares of EMCOR Group in a research report on Thursday, May 28th. They issued an “outperform” rating and a $1,100.00 price target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of EMCOR Group in a research note on Friday, July 17th. Zacks Research upgraded shares of EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $871.25.
Read Our Latest Stock Analysis on EMCOR Group
EMCOR Group News Summary Here are the key news stories impacting EMCOR Group this week:
Positive Sentiment: Q2 results exceeded expectations: EMCOR reported record quarterly revenue of $5.15 billion, up approximately 19.8% year over year and above the $4.71 billion consensus estimate. Earnings per share rose to $9.06 from $6.72 a year earlier, beating estimates of $7.23 by $1.83. EMCOR Group Second Quarter 2026 Results Positive Sentiment: Higher 2026 guidance: Management now expects full-year EPS of $32.00 to $33.25, versus the roughly $29.31 analyst consensus, and revenue of $20.0 billion to $20.5 billion, compared with about $19.0 billion expected. The improved outlook is a major positive catalyst because it signals stronger demand and earnings visibility. EMCOR Raises 2026 Outlook Positive Sentiment: Broad-based operating momentum: Reports highlighted growth across the business, margin improvement and a record backlog, supporting expectations for continued revenue growth. EMCOR’s reported 7.54% net margin and 35.19% return on equity also reinforce the company’s strong profitability profile. EME Q2 Earnings Beat Estimates EMCOR Group Company Profile (Free Report)
EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.
EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.
See Also Five stocks we like better than EMCOR Group Microsoft Just Flipped the AI Spending Narrative Overnight Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling? Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
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BankChampaign National Association purchased a new position in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 694 shares of the construction company’s stock, valued at approximately $512,000.
Other hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in EMCOR Group by 132,234.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 669,611 shares of the construction company’s stock valued at $409,661,000 after purchasing an additional 669,105 shares during the last quarter. Norges Bank purchased a new position in shares of EMCOR Group in the fourth quarter worth about $389,702,000. Bank of Montreal Can increased its stake in shares of EMCOR Group by 425.8% in the fourth quarter. Bank of Montreal Can now owns 560,477 shares of the construction company’s stock worth $342,894,000 after purchasing an additional 453,876 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of EMCOR Group by 34.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,276,966 shares of the construction company’s stock valued at $781,239,000 after purchasing an additional 327,606 shares during the period. Finally, Earnest Partners LLC purchased a new stake in shares of EMCOR Group during the 4th quarter valued at approximately $156,714,000. Institutional investors own 92.59% of the company’s stock.
EMCOR Group Stock Performance Shares of NYSE:EME opened at $801.65 on Friday. The firm has a market capitalization of $35.63 billion, a PE ratio of 26.89 and a beta of 1.13. EMCOR Group, Inc. has a 52-week low of $564.92 and a 52-week high of $951.96. The firm has a fifty day moving average of $802.08 and a 200 day moving average of $787.69.
EMCOR Group (NYSE:EME – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share for the quarter, beating analysts’ consensus estimates of $7.23 by $1.83. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.71 billion. EMCOR Group had a return on equity of 35.19% and a net margin of 7.54%.The company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter last year, the business posted $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, sell-side analysts forecast that EMCOR Group, Inc. will post 29.37 EPS for the current fiscal year.
EMCOR Group Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. EMCOR Group’s dividend payout ratio (DPR) is 5.37%.
EMCOR Group News Summary Here are the key news stories impacting EMCOR Group this week:
Positive Sentiment: Q2 results exceeded expectations: EMCOR reported record quarterly revenue of $5.15 billion, up approximately 19.8% year over year and above the $4.71 billion consensus estimate. Earnings per share rose to $9.06 from $6.72 a year earlier, beating estimates of $7.23 by $1.83. EMCOR Group Second Quarter 2026 Results Positive Sentiment: Higher 2026 guidance: Management now expects full-year EPS of $32.00 to $33.25, versus the roughly $29.31 analyst consensus, and revenue of $20.0 billion to $20.5 billion, compared with about $19.0 billion expected. The improved outlook is a major positive catalyst because it signals stronger demand and earnings visibility. EMCOR Raises 2026 Outlook Positive Sentiment: Broad-based operating momentum: Reports highlighted growth across the business, margin improvement and a record backlog, supporting expectations for continued revenue growth. EMCOR’s reported 7.54% net margin and 35.19% return on equity also reinforce the company’s strong profitability profile. EME Q2 Earnings Beat Estimates Wall Street Analyst Weigh In EME has been the topic of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research report on Friday, July 17th. Cantor Fitzgerald reiterated an “overweight” rating and set a $1,123.00 price target on shares of EMCOR Group in a research report on Tuesday, June 16th. Stifel Nicolaus set a $918.00 price target on shares of EMCOR Group in a report on Thursday, April 30th. Oppenheimer started coverage on shares of EMCOR Group in a research report on Thursday, May 28th. They issued an “outperform” rating and a $1,100.00 price objective for the company. Finally, Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $871.25.
Get Our Latest Research Report on EMCOR Group
Insider Activity at EMCOR Group In other news, Director William P. Reid sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $925.78, for a total value of $1,851,560.00. Following the completion of the sale, the director directly owned 10,149 shares in the company, valued at approximately $9,395,741.22. The trade was a 16.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Carol P. Lowe sold 950 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $844.50, for a total transaction of $802,275.00. Following the transaction, the director directly owned 17,278 shares in the company, valued at approximately $14,591,271. This represents a 5.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.73% of the company’s stock.
EMCOR Group Profile (Free Report)
EMCOR Group, Inc is a provider of mechanical and electrical construction, industrial and energy infrastructure, and facilities services to commercial, institutional and industrial clients. The company delivers a broad range of services that include design-build and traditional construction of mechanical, electrical and plumbing systems; ongoing facilities maintenance and operations; and specialized industrial services for sectors such as manufacturing, data centers, healthcare and utilities.
EMCOR’s service offerings encompass HVAC, plumbing, electrical installation and maintenance, fire protection, building automation and controls, commissioning, testing and balancing, and energy management solutions.
Read More Five stocks we like better than EMCOR Group Microsoft Just Flipped the AI Spending Narrative Overnight Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling? Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
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Emcor Group vykázala tržby 5,15 miliardy USD, což je meziročně o 19,8 % více, a EPS 9,06 USD oproti 6,72 USD před rokem. Tržby i EPS zároveň překonaly odhady Wall Street.
For the quarter ended June 2026, Emcor Group (EME - Free Report) reported revenue of $5.15 billion, up 19.8% over the same period last year. EPS came in at $9.06, compared to $6.72 in the year-ago quarter.
The reported revenue represents a surprise of +9% over the Zacks Consensus Estimate of $4.73 billion. With the consensus EPS estimate being $7.23, the EPS surprise was +25.31%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Emcor Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- United States electrical construction and facilities services: $1.66 billion versus $1.52 billion estimated by two analysts on average.Revenues- United States mechanical construction and facilities services: $2.3 billion versus $2.13 billion estimated by two analysts on average.Revenues- United States industrial services: $353.81 million compared to the $305 million average estimate based on two analysts.Revenues- United States building services: $837.71 million compared to the $828.5 million average estimate based on two analysts.Revenues- Total United States operations: $5.15 billion compared to the $4.78 billion average estimate based on two analysts.View all Key Company Metrics for Emcor Group here>>>
Shares of Emcor Group have returned -16.4% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Key Takeaways EMCOR's Q2 earnings are expected to rise 7.6% to $7.23 per share, with revenues up 9.9%.U.S. Mechanical Construction revenues to climb as data center & institutional demand stays strong.EMCOR's backlog, project execution and prefabrication gains to offset margin and macroeconomic pressures. EMCOR Group, Inc. (EME - Free Report) is scheduled to report its second-quarter 2026 results on July 30, before the opening bell.
In the last reported quarter, its adjusted earnings and revenues topped the Zacks Consensus Estimate by 16.9% and 9.7%, respectively. Moreover, both metrics increased year over year by 26.4% and 19.6%, respectively.
EME beat earnings estimates in three of the trailing four quarters and missed on one occasion, the average surprise being 10.4%.
How are Estimates Placed for EME Stock?The Zacks Consensus Estimate for EME’s second-quarter 2026 earnings has moved upward to $7.23 from $7.02 over the past 60 days. The estimated figure indicates a 7.6% jump on a year-over-year basis.
The consensus estimate for revenues is pegged at $4.73 billion, calling for a 9.9% year-over-year rise.
Factors Expected to Have Influenced EMCOR’s Q2 PerformanceRevenues
EMCOR’s second-quarter revenues are expected to have benefited from powerful secular growth drivers, including AI-driven data center construction, cloud infrastructure expansion, public infrastructure modernization, healthcare upgrades, water and wastewater investments, and advanced manufacturing projects. These multi-year trends are likely to have fueled backlog growth and supported strong long-term visibility.
The U.S. Electrical Construction segment (which contributed 31% to first-quarter 2026 revenues) is expected to have delivered healthy growth, aided by hyperscale data center activity, healthcare projects, institutional work and the contribution from the Miller Electric acquisition. EMCOR has also been expanding its geographic reach in high-growth markets such as Texas, Arizona and the Southeast, which is likely to have supported volumes in the to-be-reported quarter. The Zacks Consensus Estimate for the segment’s second-quarter revenues is pegged at $1.52 billion, indicating an increase from $1.34 billion reported in the prior-year quarter.
The U.S. Mechanical Construction segment (44%) is likely to have benefited from data center mechanical systems demand, commercial warehousing recovery and institutional projects. The Zacks Consensus Estimate for the segment’s second-quarter revenues is currently pegged at $2.13 billion, up from $1.76 billion reported a year ago.
The U.S. Building Services business (17%) is likely to have seen improvements, driven by mechanical services, retrofit activity, repair and maintenance demand, building automation upgrades and indoor air quality projects. These shorter-cycle recurring businesses generally provide resilience. This segment’s revenue estimates are currently pegged at $829 million, up from $793.3 million reported a year ago.
Industrial Services revenues (8%) are likely to have been supported by refinery turnaround schedules, field services demand and energy-related project activity. The consensus mark for the segment’s revenue is currently pegged at $305 million, up from $281.1 million a year ago.
The Zacks Consensus Estimate for the total United States operations’ second-quarter revenues is pegged at $4.78 billion, indicating an increase from $4.17 billion reported in the prior-year quarter.
Margins & Bottom Line
EMCOR’s disciplined project execution, favorable mix and productivity gains from prefabrication and virtual design capabilities are likely to have supported margins in the second quarter. Although margin pressures from large contracts, acquisition integration risks, macroeconomic pressures and uncertainties in federal infrastructure spending are looming over EME, the ongoing growth-supporting aspects are more than likely to beat the odds in the upcoming quarter.
Overall, EMCOR appears positioned for another solid quarter, with backlog strength and data center demand likely offsetting seasonal and cost-related pressures.
What the Zacks Model Unveils for EMEOur proven model does not predict an earnings beat for EMCOR this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, it is not the case this time around.
EME’s Earnings ESP: The company has an Earnings ESP of 0.00%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
EME’s Zacks Rank: The stock currently carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks Poised to Beat EarningsHere are some companies in the Zacks Construction sector, which according to our model, have the right combination of elements to post an earnings beat.
Boise Cascade Company (BCC - Free Report) has an Earnings ESP of +6.50% and a Zacks Rank of 2 at present.
Boise Cascade’s earnings beat estimates in two of the last four quarters, missed on one occasion and met on the remaining occasion, the average surprise being 40.8%. The company’s earnings for the second quarter of 2026 are expected to decline 25% year over year.
Amentum Holdings, Inc. (AMTM - Free Report) currently has an Earnings ESP of +3.18% and a Zacks Rank of 2.
Amentum’s earnings beat estimates in each of the last four quarters, the average surprise being 4%. The company’s earnings for the second quarter of 2026 are expected to increase 12.5% year over year.
CRH plc (CRH - Free Report) has an Earnings ESP of +4.08% and a Zacks Rank of 3.
CRH’s earnings beat estimates in two of the last four quarters, missed on one occasion and met on the remaining occasion, the average surprise being 0.7%. The company’s earnings for the second quarter of 2026 are expected to inch up 1% year over year.
EMCOR těží z boomu AI datových center a dalších růstových trhů; tržby z network and communications vzrostly meziročně téměř o 50 % v elektrické a o 86 % v mechanické výstavbě. Zbývající závazky k plnění dosáhly rekordních 15,62 miliardy USD.
Key Takeaways EMCOR is expanding across AI data centers, healthcare, manufacturing and water infrastructure.Record RPOs of $15.62 billion reflect strong demand across multiple high-growth end markets.Network and communications revenues rose nearly 50% in electrical and 86% in mechanical construction. EMCOR Group, Inc. (EME - Free Report) continues to strengthen its position across some of the fastest-growing construction end markets, supported by robust demand for AI data centers, digital infrastructure, healthcare, institutional facilities, manufacturing and water infrastructure.
A key differentiator for EMCOR is its diversified exposure across multiple secular growth markets rather than dependence on a single industry. During the first quarter, the company's construction businesses generated strong growth from network and communications, institutional, manufacturing and industrial, healthcare, water and wastewater, and commercial projects as warehousing, distribution and logistics activity resumed. This broad end-market exposure allows EMCOR to benefit from several long-term infrastructure investment trends.
The AI infrastructure boom remains one of EMCOR's strongest growth drivers. Revenues from the network and communications market increased nearly 50% year over year in the electrical construction segment and 86% in the mechanical construction segment. Increasing cooling requirements and the adoption of advanced liquid-cooling technologies for AI data centers continue to create new opportunities, while the company sees no sign of slowing demand as investments in AI infrastructure, cloud computing and digital transformation accelerate.
Strong demand from healthcare, institutional, manufacturing, water and wastewater, and commercial projects continues to support the business, while institutional activity has remained more resilient than expected. Record remaining performance obligations of $15.62 billion further strengthen revenue visibility. Supported by disciplined project execution, geographic expansion and expanding customer relationships, EMCOR appears well positioned to benefit from multiple long-term construction growth trends.
High-Growth End Markets Intensify Industry CompetitionEMCOR’s expansion across high-growth end markets reflects a broader shift across the specialty construction industry, where contractors are increasing their exposure to data centers, advanced manufacturing and other mission-critical infrastructure. Competitors such as Sterling Infrastructure, Inc. (STRL - Free Report) and Comfort Systems USA, Inc. (FIX - Free Report) are also scaling their capabilities through geographic expansion, integrated service offerings, modular construction and disciplined project selection.
Sterling Infrastructure is strengthening its position in mission-critical construction through rapid growth in data centers, electrical services and semiconductor manufacturing. First-quarter E-Infrastructure revenues surged 174%, while mission-critical projects represented more than 90% of the segment’s signed backlog. STRL also secured the first phase of a semiconductor fabrication campus valued at more than $500 million and is combining site-development and electrical services on large data center projects.
Comfort Systems is also benefiting from sustained technology infrastructure demand. First-quarter revenues increased 56% to $2.9 billion, while the record backlog reached $12.5 billion. Advanced technology, led by data centers, accounted for 56% of revenues and remained the largest contributor to the company’s pipeline. Comfort Systems is investing heavily in modular capacity, targeting 4 million square feet by the end of 2026, while expanding its electrical capabilities through acquisitions. Its nationwide workforce, integrated mechanical and electrical solutions, and growing service opportunity position the company to capture a larger share of long-term data center spending.
EME Stock’s Price Performance & Valuation TrendShares of this Connecticut-based infrastructure service provider have gained 25.8% year to date, slightly underperforming the Zacks Building Products - Heavy Construction industry, but outperforming the Construction sector and the S&P 500 Index.
EME YTD Share Price Performance
Image Source: Zacks Investment Research
EME stock is currently trading at a premium compared with the industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 24.64, as evidenced by the chart below.
EME Valuation
Image Source: Zacks Investment Research
Earnings Estimate Revision of EME Stock
Image Source: Zacks Investment Research
EME’s earnings estimates for 2026 and 2027 have moved upward in the past 60 days. The estimates for 2026 and 2027 imply year-over-year growth of 13.5% and 11.8%, respectively.
EME’s Zacks Rank
EMCOR stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
EMCOR zvýšil výhled tržeb i EPS na rok 2026 díky rekordním RPO ve výši 15,62 miliardy USD a silné poptávce po infrastrukturních projektech. Jacobs mezitím oznámil rekordní backlog ve výši 27 miliard USD.
Key Takeaways EMCOR raised 2026 guidance as record RPOs and infrastructure demand support long-term growth.Jacobs posted a record backlog, expanded AI and consulting capabilities, and increased expected PA synergies.EME's 35.19% trailing ROE exceeds Jacobs', reflecting stronger shareholder return efficiency. The demand for mission-critical industrial, government, healthcare and data center projects has ramped up across the United States over the past few years and is currently reaching its peak, given the public funding growth and market trends. Firms like EMCOR Group, Inc. (EME - Free Report) and Jacobs Solutions, Inc. (J - Free Report) sit at the juncture and are currently gaining from these market tailwinds.
EMCOR offers mechanical and electrical construction, industrial and energy infrastructure services for a diverse range of businesses, serving commercial, industrial, utility and institutional clients in the United States. Meanwhile, Jacobs offers professional, technical and construction services to industrial, commercial and governmental clients.
Let’s closely compare the fundamentals of the two infrastructure stocks to determine which one is a better investment now.
The Case for EMCOR StockFederal and state investments in water infrastructure, transportation, healthcare modernization, institutional facilities and energy-related projects are creating a healthy pipeline of opportunities for EMCOR. At the same time, AI-driven data center expansion and broader digital transformation continue to fuel commercial construction demand. Owing to these robust trends, EMCOR’s record remaining performance obligations (RPOs) reached $15.62 billion as of March 31, 2026, up 32.9% year over year and nearly 18% sequentially, providing exceptional visibility into future revenue generation. RPOs in the construction segments highlighted contributions of $8.56 billion in U.S. mechanical construction and $5.61 billion in U.S. electrical construction, with additional contributions from building services.
Management emphasized that it continues to see no signs of slowing demand as customers expand data center capacity and adopt advanced liquid cooling technologies. Reflecting this confidence, EME raised its full-year 2026 revenue guidance to $18.5-$19.25 billion from $17.75-$18.5 billion and increased its EPS guidance to $28.25-$29.75 from $27.25-$29.25 expected earlier. Supported by disciplined project selection, execution capabilities and broad market diversification, the company appears well-positioned to capitalize on multi-year infrastructure investment trends.
Meanwhile, strategic acquisitions remain an important pillar of EMCOR's long-term growth strategy, complementing its strong organic expansion. The company's acquisition of Miller Electric has strengthened its electrical construction capabilities, expanded its geographic presence and increased exposure to attractive end markets. Rather than pursuing scale for its own sake, EMCOR prioritizes disciplined capital deployment and integration, preserving its operational culture while creating cross-selling opportunities across its construction and services platforms.
EME ended the first quarter of 2026 with approximately $916 million in cash and about $1.25 billion in working capital, supporting organic investments, strategic acquisitions and operational needs. Management expects full-year 2026 operating cash flow to remain broadly in line with net income, reflecting the underlying strength of the business despite quarterly working-capital fluctuations.
The Case for Jacobs StockJacobs continues to benefit from long-term structural demand across data centers, semiconductors, water infrastructure, transportation and energy & power, reporting more than 100% year-over-year growth in its data center business, supported by accelerating AI investments and strong hyperscaler demand. PA Consulting acquisition is further enhancing growth through advisory, digital transformation and national security opportunities, creating meaningful cross-selling potential. Management has already increased expected annual cost synergies from the acquisition to more than $20 million within 24 months.
These demand drivers helped Jacobs deliver a record backlog of $27 billion, up 22% year over year, with a strong trailing 12-month book-to-bill ratio of 1.4x, providing excellent revenue visibility and supporting confidence in sustained long-term growth. The company is executing a strategy focused on expanding higher-margin consulting, digital and lifecycle solutions while strengthening its leadership in resilient infrastructure markets. Jacobs continues to invest in AI-enabled engineering solutions, including digital twins developed with NVIDIA Omniverse, reinforcing its competitive positioning in rapidly expanding AI infrastructure, advanced manufacturing and mission-critical facilities.
Besides, Jacobs continues to strengthen its global footprint through expanding operations across North America, Europe and the United Kingdom. Recent project wins with Ofwat, Scottish Hydro Electric Transmission and global hyperscale data center customers further demonstrate growing international opportunities. With diversified end markets, strong bookings, improving margins and an upgraded fiscal 2026 outlook, Jacobs appears well-positioned to capture expanding global infrastructure and digital transformation spending, even though execution risks and macroeconomic uncertainties pose a near-term threat.
Notably, Jacobs maintains a balanced capital allocation strategy that simultaneously funds long-term growth while delivering substantial shareholder returns. It repurchased $472 million of shares during the first half of fiscal 2026 and increased its quarterly dividend by 12.5%, reflecting confidence in future cash generation.
Stock Performance & ValuationAs witnessed from the chart below, in the past six months, EMCOR’s share price performance has been above Jacobs’ and the broader Construction sector.
Image Source: Zacks Investment Research
Considering valuation, over the last five years, EMCOR has been trading above Jacobs on a forward 12-month price-to-earnings (P/E) ratio basis.
Image Source: Zacks Investment Research
Overall, from these technical indicators, it can be deduced that EME stock offers an increasing growth trend but with a premium valuation, while J stock offers a declining growth trend with a discounted valuation.
Comparing EPS Estimate Trends: EME vs. JThe Zacks Consensus Estimate for EME’s 2026 and 2027 earnings has moved upward in the past 60 days. The revised estimates for 2026 and 2027 imply year-over-year growth of 13.5% and 11.8%, respectively.
EME's EPS Trend
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for J’s fiscal 2026 earnings has increased in the past 30 days, while the same for fiscal 2027 has edged down during the same time frame. The revised estimates for fiscal 2026 and fiscal 2027 imply year-over-year growth of 18.1% and 14.5%, respectively.
J's EPS Trend
Image Source: Zacks Investment Research
Return on Equity (ROE) of EME & J StocksEMCOR’s trailing 12-month ROE of 35.19% significantly exceeds Jacobs’ average, underscoring its efficiency in generating shareholder returns.
Image Source: Zacks Investment Research
Investment Decision: Should Investors Choose EME Stock or J Stock?EMCOR combines record remaining performance obligations, raised 2026 revenue and earnings guidance, disciplined acquisitions and broad exposure across mechanical, electrical, healthcare, institutional and industrial construction, providing exceptional earnings visibility. Its superior execution and industry-leading 35.2% ROE further strengthen the investment case. Although the stock trades at a premium, its recent price momentum, upward earnings estimate revisions and improving fundamentals justify the higher valuation.
Jacobs remains an attractive long-term infrastructure play, supported by record backlog, rapid data center growth, AI-enabled engineering capabilities and expanding consulting opportunities through PA Consulting. However, mixed earnings estimate revisions, greater exposure to consulting execution and slower share price momentum make its near-term outlook comparatively less compelling.
With a current Zacks Rank #1 (Strong Buy) compared with J stock’s Zacks Rank #2 (Buy), stronger technical indicators and more consistent operational momentum, EME stock stands out as the better investment choice for investors looking to capitalize on the current infrastructure and AI-driven construction cycle. You can see the complete list of today’s Zacks #1 Rank stocks here.
EMCOR zvýšil výhled tržeb pro rok 2026 na 18,5–19,25 mld. USD z původního rozpětí 17,75–18,5 mld. USD po rekordních tržbách za první čtvrtletí ve výši 4,63 mld. USD. Firma očekává růst nad úrovní nebytové výstavby díky datovým centrům a dalším projektům.
Key Takeaways EMCOR expects to keep growing faster than nonresidential construction, led by data center gains.EMCOR lifted 2026 revenue guidance to $18.5B-$19.25B after record Q1 sales of $4.63B.EMCOR is seeing demand across institutional, healthcare, manufacturing, water and logistics projects. EMCOR Group, Inc. (EME - Free Report) appears well positioned to outperform the broader U.S. nonresidential construction market again in 2026, supported by strong demand across multiple end markets, a record project backlog and continued share gains in mission-critical infrastructure. While industry growth is expected to remain moderate, the company continues to benefit from exposure to structural growth markets such as data centers, healthcare, institutional facilities, water infrastructure and advanced manufacturing.
Management remains confident that the company will continue growing meaningfully faster than the broader nonresidential construction market. During the first-quarter earnings call, EMCOR stated that it expects to "continue to grow in excess of nonresidential construction" while expanding its presence across existing and adjacent geographies, particularly within the data center market.
The company has already demonstrated that momentum. First-quarter 2026 revenues increased 19.7% year over year to a record $4.63 billion, or 16.8% on an organic basis. Strong execution prompted management to raise its full-year 2026 revenue guidance to $18.5-$19.25 billion from the prior range of $17.75-$18.5 billion, while also increasing its diluted EPS outlook. Importantly, management indicated that growth is extending beyond data centers.
One reason EMCOR appears capable of sustaining above-market growth is the breadth of its end-market exposure. Rather than relying on a single growth engine, the company continues to benefit from multiple construction verticals. Network and communications, which includes data centers, remains the largest contributor to growth as artificial intelligence (AI), cloud computing and digital infrastructure investments continue to accelerate. At the same time, EMCOR is experiencing strong activity in institutional construction, manufacturing and industrial facilities, healthcare projects and water and wastewater infrastructure. Mechanical construction also benefited from the recovery in warehousing, distribution and logistics projects during the quarter.
Although macroeconomic uncertainty, labor availability and project timing remain industry risks, EMCOR's diversified project portfolio, expanding backlog and exposure to long-term infrastructure investment appear to position the company to continue outperforming broader nonresidential construction trends. If demand across data centers, institutional facilities, healthcare and water infrastructure remains healthy, EMCOR could again deliver growth that exceeds the overall nonresidential construction market in 2026.
Peers Also Positioned to Outgrow the MarketEMCOR is not the only contractor benefiting from resilient demand across high-growth nonresidential construction markets. Industry peers Sterling Infrastructure, Inc. (STRL - Free Report) and Comfort Systems USA, Inc. (FIX - Free Report) are also capitalizing on sustained investment in mission-critical facilities, advanced manufacturing and data center infrastructure, positioning themselves to outpace broader construction industry growth.
Sterling continues to benefit from robust demand in its E-Infrastructure business, where data centers remain the primary growth driver. The company reported that mission-critical projects, including data centers, semiconductor facilities and advanced manufacturing, accounted for more than 90% of its E-Infrastructure signed backlog. Sterling also highlighted expanding opportunities across new geographies, growing cross-selling between its site development and electrical businesses, and increasing project size and complexity — all of which are expected to support above-market growth over the long term.
Comfort Systems is similarly benefiting from structural demand across technology and institutional markets. Management noted that advanced technology, led primarily by data center projects, accounted for 56% of first-quarter revenues and remained the company's largest driver of pipeline and backlog growth. At the same time, healthcare, education and government projects continued to provide a solid base of institutional demand, while ongoing investments in modular manufacturing capacity are expected to support future expansion and execution.
EME Stock’s Price Performance & Valuation TrendShares of this Connecticut-based infrastructure service provider have gained 25.7% year to date, slightly underperforming the Zacks Building Products - Heavy Construction industry, but outperforming the Construction sector and the S&P 500 Index.
Image Source: Zacks Investment Research
EME stock is currently trading at a premium compared with the industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 24.67, as evidenced by the chart below.
Image Source: Zacks Investment Research
Earnings Estimate Revision of EME StockEME’s earnings estimates for 2026 and 2027 have moved upward in the past 60 days. The estimates for 2026 and 2027 imply year-over-year growth of 13.5% and 11.8%, respectively.
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EMCOR stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
EMCOR ve 1. čtvrtletí 2026 zvýšil tržby v oblasti elektrické výstavby o 33,1 % na rekordních 1,45 mld. USD. Objem zakázek vzrostl na rekordních 15,62 mld. USD díky poptávce po datových centrech a AI infrastruktuře.
Key Takeaways EMCOR's electrical construction revenues rose 33.1% to a record $1.45B in first-quarter 2026.Network and communications revenues surged nearly 50% on AI infrastructure and data-center demand.EMCOR's remaining performance obligations reached a record $15.62B on strong market bookings. EMCOR Group's (EME - Free Report) electrical construction business continues to build strong momentum, supported by robust demand for mission-critical infrastructure and the company's ability to execute complex projects at scale. In the first quarter of 2026, the segment delivered record revenues of $1.45 billion, up 33.1% year over year, while maintaining an industry-leading operating margin of 12.1%. Although margins eased slightly due to acquisition-related amortization, profitability remained strong, highlighting the resilience of EMCOR's operating model.
The biggest growth driver remains network and communications, where revenues surged nearly 50% as hyperscalers and enterprises accelerated investments in AI infrastructure and data centers. Beyond this, EMCOR benefited from healthy demand across institutional projects, hospitality and entertainment, including stadium construction, as well as higher volumes of short-duration projects and service work. This broad-based demand reduces reliance on any single end market and supports sustainable long-term growth.
Looking ahead, management expects the momentum to continue. Remaining performance obligations climbed to a record $15.62 billion, driven by strong bookings across data centers, healthcare, institutional, water and wastewater and manufacturing markets. The company also continues expanding its geographic footprint while leveraging prefabrication, virtual design, workforce training and disciplined contract management to improve execution on increasingly complex projects.
With AI-driven data center construction showing no signs of slowing and diversified demand across multiple infrastructure markets, EMCOR's electrical construction segment appears well-positioned to remain a key contributor to the company's growth throughout 2026 and beyond.
How Do EMCOR's Peers Compare in Electrical Construction?Two of EMCOR's closest competitors in electrical and mechanical contracting are Quanta Services (PWR - Free Report) and Comfort Systems USA (FIX - Free Report) . Both companies are benefiting from the same secular drivers, including AI data center construction, grid modernization and expanding infrastructure investment.
Quanta continues to strengthen its electrical construction business through large-scale transmission, substation and renewable energy projects, while also increasing its exposure to data centers and communications infrastructure. Quanta has leveraged its engineering expertise and nationwide workforce to secure long-duration projects, giving it strong revenue visibility. As AI-related power demand rises, Quanta is expected to remain a key beneficiary of utility and hyperscaler spending.
Comfort Systems is also expanding its presence in mission-critical facilities through electrical, mechanical and building automation services. Comfort Systems has steadily increased its exposure to data centers, semiconductor manufacturing and advanced industrial facilities, supported by strategic acquisitions. Comfort Systems further benefits from higher-margin service work and prefabrication capabilities that improve execution and profitability.
While both Quanta and Comfort Systems are well-positioned, EMCOR's diversified project portfolio, disciplined contract management and broad geographic reach provide it with a strong competitive position in the rapidly growing electrical construction market.
EME’s Price Performance, Valuation & EstimatesShares of EMCOR have gained 26.6% year to date (YTD), underperforming the Zacks Building Products - Heavy Construction industry, as shown below.
EME YTD Price Performance
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From a valuation standpoint, EME stock trades at a forward 12-month price-to-earnings ratio of 24.9, below the industry’s average.
EME Valuation - P/E (F12M)
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The Zacks Consensus Estimate for EME’s 2026 sales and earnings implies year-over-year growth of 12% and 13.5%, respectively. Earnings per share estimates for 2026 have increased to $29.37 in the past 30 days, as shown below.
Image Source: Zacks Investment Research
EMCOR currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
EMCOR těží z rostoucí poptávky po institucionální infrastruktuře, zejména ve školství, zdravotnictví a veřejném sektoru. Jeho RPO dosáhly rekordu 15,62 miliardy USD.
Key Takeaways EMCOR is seeing rising institutional demand across universities, healthcare and public-sector projects.EME's record $15.62B RPOs reflect continued customer investment across institutional infrastructure.Institutional projects help diversify EMCOR's end markets and support long-term growth resilience. EMCOR Group, Inc. (EME - Free Report) is benefiting from rising institutional infrastructure investment, an area that is becoming increasingly important within its project portfolio. Demand from universities, healthcare facilities and public-sector projects is providing another avenue of growth while helping diversify the company's exposure beyond traditional commercial and industrial markets.
Institutional activity gained momentum across multiple parts of the business during the first quarter. Revenues from institutional projects more than doubled year over year within the U.S. Mechanical Construction segment, while the U.S. Electrical Construction segment also benefited from higher activity on certain public-sector projects. Demand for upgraded laboratory space at certain colleges and universities, along with continued healthcare facility modernization, supported new project awards.
Institutional and healthcare markets were also among the largest contributors to sequential growth in remaining performance obligations (RPOs). As of March 31, 2026, EMCOR's RPOs reached a record $15.62 billion, reflecting continued customer investment across several end markets, including institutional infrastructure.
Unlike many private construction projects, institutional infrastructure spending is often supported by long-term capital investment priorities rather than short-term economic conditions. The company also indicated that the institutional market has been more resilient than expected over the past several quarters, supported by spending from certain colleges and universities. These trends continue to create opportunities for complex mechanical and electrical construction services, where EMCOR has established expertise.
The increasing contribution from institutional projects also broadens EMCOR's end-market mix. Continued investment in upgraded laboratory space at certain colleges and universities, healthcare facility modernization and certain public-sector projects could support additional project opportunities. If these trends persist, institutional infrastructure could become a more meaningful contributor to EMCOR's long-term growth while strengthening its diversified project portfolio.
EMCOR’s Competitive Standing in Infrastructure MarketsEMCOR operates in a competitive infrastructure and mission-critical construction market alongside companies such as Sterling Infrastructure, Inc. (STRL - Free Report) and Quanta Services, Inc. (PWR - Free Report) .
Sterling has been gaining momentum in large-scale site development and electrical infrastructure projects tied to hyperscale data centers, semiconductor facilities and manufacturing expansion. It continues to benefit from rising project complexity, vertical integration capabilities and growing demand across newer geographies, particularly as Sterling’s customers prioritize speed and execution certainty on mission-critical projects.
Quanta, meanwhile, maintains a strong position in power infrastructure, utility transmission and large-load connectivity markets. The company has been expanding its fabrication, supply-chain and manufacturing capabilities to support growing power demand linked to AI infrastructure, electrification and grid modernization. Quanta’s integrated solutions model and scale across transmission, generation and technology infrastructure markets continue to strengthen its ability to execute large multiyear projects while supporting schedule certainty for customers.
EME Stock’s Price Performance & Valuation TrendShares of this Connecticut-based infrastructure service provider have gained 33.1% in the past six months, underperforming the Zacks Building Products - Heavy Construction industry, but outperforming the Construction sector and the S&P 500 Index.
Image Source: Zacks Investment Research
EME stock is currently trading at a discount compared with the industry, with a forward 12-month price-to-earnings (P/E) ratio of 26.2, as evidenced by the chart below.
Image Source: Zacks Investment Research
Earnings Estimate Revision of EMEEME’s earnings estimates for 2026 and 2027 have moved upward in the past 30 days. The estimates for 2026 and 2027 imply year-over-year growth of 13.5% and 11.8%, respectively.
Image Source: Zacks Investment Research
EMCOR currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Many stocks have benefited from the generative artificial intelligence (AI) revolution, not just the "Magnificent Seven" or tech stocks in general. Companies across many other industries have also benefited greatly from the growth bonanza driven by this revolutionary technology.
A prime example of this is EMCOR Group (EME 7.30%). With a $37.3 billion market cap, EMCOR is a fairly large company, but it is hardly a household name. However, this is about to change. Even as shares have surged, the AI data center build-out boom remains in its early stages. This leaves this industrial stock well-positioned to keep winning, and for more investors to take notice.
Image source: Getty Images.
EMCOR Group at a glance Based in Norwalk, Connecticut, EMCOR Group is a provider of construction, engineering, and property management services. Since its formation in 1994, the company has grown into one of the largest names in the space. EMCOR achieved this scale in large part due to the aggressive acquisition of smaller competitors.
That said, the main driver of growth lately hasn't come from roll-up acquisitions or other financial engineering strategies. Rather, chalk it up to the AI data center boom. Between 2023 and 2025, revenues zoomed from $12.6 billion to nearly $17 billion, thanks to robust demand for electrical, mechanical, and other construction work. During this time frame, earnings more than doubled, from $13.37 to $28.30 per share.
This growth wave has yet to slow down. During Q1 2026, EMCOR reported 19.7% year-over-year revenue growth, with quarterly earnings rising 30%. Alongside strong results, management also issued an upward revision to full-year 2026 guidance, raising its revenue guidance from between $17.8 billion and $18.5 billion to between $18.5 billion and $19.3 billion, with earnings per share (EPS) guidance raised from between $27.25 and $29.25 per share to $28.25 to $29.75 per share.
Better yet, some sell-side analysts anticipate an even stronger 2026 performance. For 2026, the high end of analyst forecasts calls for revenue of $19.2 billion and earnings of over $30 per share.
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Why this AI infrastructure stock has more room to run Even as the market has yet to fully catch on, EMCOR's AI growth has already driven the stock higher. Trading at around $175 per share in mid-2023, the stock now trades at around $845 per share. With this big run-up, EMCOR has also climbed toward a premium valuation.
At current prices, the stock trades for around 28.5 times forward earnings. While reasonable compared to other construction stocks, shares may seem at risk of a de-rating due to slowing earnings growth. However, taking a closer look, don't assume this is imminent.
For instance, consider EMCOR's reported earnings growth last quarter, plus the fact that it beat consensus by $0.94 per share last quarter, the latest forecasts appear too conservative. Comps could prove tough in the coming quarters, but as long as growth merely normalizes rather than screeches to a halt, shares will likely sustain a premium valuation and continue to rise in tandem with earnings growth.
AI data center growth could slow, but EMCOR could still maintain elevated growth. Data center construction and electrical work today translates into maintenance and property management work for EMCOR tomorrow. As high growth continues, and the broad market becomes aware of EMCOR's "AI growth" bona fides, shares could reach even loftier price levels. Given this opportunity, it's prime time to make this AI stock a long-term holding and build a position on any major weakness.
