Emcor Group (EME - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this construction and maintenance company have returned -5.4% over the past month versus the Zacks S&P 500 composite's -0.4% change. The Zacks Building Products - Heavy Construction industry, to which Emcor Group belongs, has lost 11.9% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Emcor Group is expected to post earnings of $8.31 per share, indicating a change of +26.5% from the year-ago quarter. The Zacks Consensus Estimate has changed -0% over the last 30 days.
The consensus earnings estimate of $33.04 for the current fiscal year indicates a year-over-year change of +27.7%. This estimate has changed +0.6% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $37.14 indicates a change of +12.4% from what Emcor Group is expected to report a year ago. Over the past month, the estimate has changed +2.8%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Emcor Group.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Emcor Group, the consensus sales estimate of $5.21 billion for the current quarter points to a year-over-year change of +21%. The $20.32 billion and $22.41 billion estimates for the current and next fiscal years indicate changes of +19.6% and +10.3%, respectively.
Last Reported Results and Surprise HistoryEmcor Group reported revenues of $5.15 billion in the last reported quarter, representing a year-over-year change of +19.8%. EPS of $9.06 for the same period compares with $6.72 a year ago.
Compared to the Zacks Consensus Estimate of $4.73 billion, the reported revenues represent a surprise of +8.99%. The EPS surprise was +25.31%.
Over the last four quarters, Emcor Group surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Emcor Group is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Emcor Group. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.
EMCOR Group (NYSE:EME – Get Free Report) and Southland (NASDAQ:SLND – Get Free Report) are both industrials companies, but which is the superior stock? We will contrast the two businesses based on the strength of their analyst recommendations, dividends, institutional ownership, profitability, risk, valuation and earnings.
Volatility and Risk EMCOR Group has a beta of 1.13, suggesting that its share price is 13% more volatile than the S&P 500. Comparatively, Southland has a beta of 0.87, suggesting that its share price is 13% less volatile than the S&P 500.
Institutional and Insider Ownership 92.6% of EMCOR Group shares are owned by institutional investors. Comparatively, 2.8% of Southland shares are owned by institutional investors. 0.7% of EMCOR Group shares are owned by insiders. Comparatively, 73.4% of Southland shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Analyst Ratings This is a breakdown of recent recommendations and price targets for EMCOR Group and Southland, as provided by MarketBeat. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score EMCOR Group 0 1 8 1 3.00 Southland 0 1 0 0 2.00 EMCOR Group currently has a consensus target price of $965.86, indicating a potential upside of 25.06%. Given EMCOR Group’s stronger consensus rating and higher probable upside, research analysts clearly believe EMCOR Group is more favorable than Southland.
Profitability This table compares EMCOR Group and Southland’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets EMCOR Group 7.74% 35.49% 14.12% Southland -10.38% -47.71% -8.75% Valuation and Earnings This table compares EMCOR Group and Southland”s gross revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio EMCOR Group $16.99 billion 2.01 $1.27 billion $32.15 24.02 Southland $603.01 million 0.06 -$19.25 million ($7.46) -0.08 EMCOR Group has higher revenue and earnings than Southland. Southland is trading at a lower price-to-earnings ratio than EMCOR Group, indicating that it is currently the more affordable of the two stocks.
Summary EMCOR Group beats Southland on 14 of the 15 factors compared between the two stocks.
About EMCOR Group (Get Free Report)
EMCOR Group, Inc. provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services. The company also provides building services that covers commercial and government site-based operations and maintenance; facility management, maintenance, and services; energy efficiency retrofit services; military base operations support services; services for indoor air quality; floor care and janitorial services; landscaping, lot sweeping, and snow removal services; vendor management and call center services; installation and support for building systems; program development, management, and maintenance for energy systems; technical consulting and diagnostic services; infrastructure and building projects; modification and retrofit projects; and other building services, including reception, security, and catering services. In addition, it offers refinery turnaround planning and engineering; welding; overhaul and maintenance; instrumentation and electrical; and renewable energy services. The company was incorporated in 1987 and is headquartered in Norwalk, Connecticut.
About Southland (Get Free Report)
Southland Holdings, Inc. engages in specialty infrastructure construction business in North America and internationally. The company operates through two segments, Civil and Transportation. The Civil segment designs and constructs water pipelines, pump stations, lift stations, water and wastewater treatment plants, concrete and structural steel, outfall, and tunneling. The Transportation segment designs and constructs bridges, roadways, marine, dredging, ship terminals and piers, and specialty structures and facilities, as well as convention centers, sports stadiums, marine facilities, and ferris wheels. Southland Holdings, Inc. was founded in 1900 and is headquartered in Grapevine, Texas.
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
EMCOR Group (NYSE:EME – Get Free Report) and Southland (NASDAQ:SLND – Get Free Report) are both industrials companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, analyst recommendations, institutional ownership, risk, profitability, earnings and valuation.
Volatility & Risk EMCOR Group has a beta of 1.13, meaning that its share price is 13% more volatile than the S&P 500. Comparatively, Southland has a beta of 0.87, meaning that its share price is 13% less volatile than the S&P 500.
Profitability This table compares EMCOR Group and Southland’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets EMCOR Group 7.74% 35.49% 14.12% Southland -10.38% -47.71% -8.75% Earnings and Valuation This table compares EMCOR Group and Southland”s top-line revenue, earnings per share and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio EMCOR Group $16.99 billion 2.01 $1.27 billion $32.15 24.02 Southland $603.01 million 0.06 -$19.25 million ($7.46) -0.08 EMCOR Group has higher revenue and earnings than Southland. Southland is trading at a lower price-to-earnings ratio than EMCOR Group, indicating that it is currently the more affordable of the two stocks.
Insider and Institutional Ownership 92.6% of EMCOR Group shares are held by institutional investors. Comparatively, 2.8% of Southland shares are held by institutional investors. 0.7% of EMCOR Group shares are held by company insiders. Comparatively, 73.4% of Southland shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.
Analyst Recommendations This is a breakdown of recent ratings and price targets for EMCOR Group and Southland, as reported by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score EMCOR Group 0 1 8 1 3.00 Southland 0 1 0 0 2.00 EMCOR Group currently has a consensus price target of $965.86, indicating a potential upside of 25.06%. Given EMCOR Group’s stronger consensus rating and higher possible upside, equities analysts clearly believe EMCOR Group is more favorable than Southland.
Summary EMCOR Group beats Southland on 14 of the 15 factors compared between the two stocks.
About EMCOR Group (Get Free Report)
EMCOR Group, Inc. provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services. The company also provides building services that covers commercial and government site-based operations and maintenance; facility management, maintenance, and services; energy efficiency retrofit services; military base operations support services; services for indoor air quality; floor care and janitorial services; landscaping, lot sweeping, and snow removal services; vendor management and call center services; installation and support for building systems; program development, management, and maintenance for energy systems; technical consulting and diagnostic services; infrastructure and building projects; modification and retrofit projects; and other building services, including reception, security, and catering services. In addition, it offers refinery turnaround planning and engineering; welding; overhaul and maintenance; instrumentation and electrical; and renewable energy services. The company was incorporated in 1987 and is headquartered in Norwalk, Connecticut.
About Southland (Get Free Report)
Southland Holdings, Inc. engages in specialty infrastructure construction business in North America and internationally. The company operates through two segments, Civil and Transportation. The Civil segment designs and constructs water pipelines, pump stations, lift stations, water and wastewater treatment plants, concrete and structural steel, outfall, and tunneling. The Transportation segment designs and constructs bridges, roadways, marine, dredging, ship terminals and piers, and specialty structures and facilities, as well as convention centers, sports stadiums, marine facilities, and ferris wheels. Southland Holdings, Inc. was founded in 1900 and is headquartered in Grapevine, Texas.
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BAM Wealth Management LLC purchased a new position in shares of EMCOR Group, Inc. (NYSE: EME) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 990 shares of the construction company's stock, valued at approximately $822,000. Several other hedge funds and other
Emcor Group (EME - Free Report) ended the recent trading session at $754.16, demonstrating a +1.73% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.38% for the day. Elsewhere, the Dow lost 0.51%, while the tech-heavy Nasdaq lost 0.29%.
The stock of construction and maintenance company has fallen by 8.3% in the past month, lagging the Construction sector's loss of 7.13% and the S&P 500's gain of 2.08%.
Analysts and investors alike will be keeping a close eye on the performance of Emcor Group in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $8.31, reflecting a 26.48% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $5.21 billion, indicating a 21.04% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $33.04 per share and a revenue of $20.32 billion, signifying shifts of +27.72% and +19.64%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Emcor Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.61% higher. As of now, Emcor Group holds a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Emcor Group is currently exchanging hands at a Forward P/E ratio of 22.44. This signifies a premium in comparison to the average Forward P/E of 17.58 for its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 49, positioning it in the top 20% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Barlow Wealth Partners LLC reduced its position in EMCOR Group, Inc. (NYSE:EME – Free Report) by 12.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 32,066 shares of the construction company’s stock after selling 4,454 shares during the period. EMCOR Group comprises 2.6% of Barlow Wealth Partners LLC’s holdings, making the stock its 19th largest position. Barlow Wealth Partners LLC owned about 0.07% of EMCOR Group worth $24,658,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of EMCOR Group in the second quarter valued at approximately $3,416,412,000. State Street Corp lifted its holdings in EMCOR Group by 2.2% during the 4th quarter. State Street Corp now owns 1,893,792 shares of the construction company’s stock valued at $1,158,603,000 after purchasing an additional 40,801 shares during the last quarter. Geode Capital Management LLC boosted its position in EMCOR Group by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,425,523 shares of the construction company’s stock worth $869,343,000 after purchasing an additional 7,790 shares during the period. Victory Capital Management Inc. boosted its position in EMCOR Group by 34.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,276,966 shares of the construction company’s stock worth $781,239,000 after purchasing an additional 327,606 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of EMCOR Group by 10.5% in the fourth quarter. Invesco Ltd. now owns 799,271 shares of the construction company’s stock valued at $488,986,000 after purchasing an additional 75,692 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.
Analyst Upgrades and Downgrades EME has been the topic of several research analyst reports. Weiss Ratings lowered shares of EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. DA Davidson set a $1,047.00 target price 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 company an “outperform” rating in a research note on Friday, July 31st. UBS Group increased their price target on shares of EMCOR Group from $975.00 to $1,065.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $965.86.
Read Our Latest Research Report on EMCOR Group Insider Buying and Selling In other EMCOR Group news, Director Carol Lowe sold 950 shares of EMCOR Group stock in a transaction on 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 of the company’s stock, valued at $14,591,271. The trade was a 5.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is currently owned by company insiders.
EMCOR Group Stock Up 0.8% Shares of EMCOR Group stock opened at $740.31 on Friday. The stock has a market capitalization of $32.66 billion, a price-to-earnings ratio of 23.03 and a beta of 1.13. EMCOR Group, Inc. has a twelve month low of $564.92 and a twelve month high of $951.96. The company has a 50-day simple moving average of $780.03 and a two-hundred day simple moving average of $799.91.
EMCOR Group (NYSE:EME – Get Free Report) last announced its earnings results 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 firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the prior year, the business posted $6.72 EPS. The business’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, sell-side analysts anticipate that EMCOR Group, Inc. will post 33.04 earnings per share for the current fiscal year.
EMCOR Group Announces Dividend The business also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Wednesday, July 15th. EMCOR Group’s dividend payout ratio (DPR) is 4.98%.
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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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.
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.
Algert Global LLC lessened its position in EMCOR Group, Inc. (NYSE:EME – Free Report) by 12.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 9,106 shares of the construction company’s stock after selling 1,323 shares during the period. Algert Global LLC’s holdings in EMCOR Group were worth $7,557,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. D.B. Root & Company LLC acquired a new position in EMCOR Group during the second quarter worth $1,003,000. Cibc World Market Inc. bought a new stake in EMCOR Group during the 2nd quarter worth approximately $5,569,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of EMCOR Group in the second quarter worth approximately $2,621,000. Osmosis Investment Management UK Ltd bought a new stake in EMCOR Group during the second quarter worth $960,000. Finally, Sanctuary Advisors LLC purchased a new stake in EMCOR Group in the 2nd quarter valued at $9,049,000. Institutional investors own 92.59% of the company’s stock.
EMCOR Group Trading Up 3.4% NYSE:EME opened at $765.27 on Thursday. EMCOR Group, Inc. has a 12 month low of $564.92 and a 12 month high of $951.96. The firm’s 50 day moving average is $792.75 and its 200 day moving average is $801.64. The stock has a market capitalization of $33.76 billion, a PE ratio of 23.80 and a beta of 1.14.
EMCOR Group (NYSE:EME – Get Free Report) last issued its earnings results on Thursday, July 30th. The construction company reported $9.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.23 by $1.83. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.71 billion. EMCOR Group had a return on equity of 35.49% and a net margin of 7.74%.The business’s revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the company posted $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Research analysts predict that EMCOR Group, Inc. will post 33.04 earnings per share for the current year. EMCOR Group Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was 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 4.98%.
Wall Street Analysts Forecast Growth EME has been the topic of a number of analyst reports. Stifel Nicolaus set a $918.00 price objective on shares of EMCOR Group in a report on Thursday, April 30th. Cantor Fitzgerald dropped their price target on shares of EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. UBS Group boosted their price target on shares of EMCOR Group from $975.00 to $1,065.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, DA Davidson set a $1,047.00 price objective on shares of EMCOR Group in a research note 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. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $965.86.
View Our Latest Stock Analysis on EME
Insider Transactions at EMCOR Group In other EMCOR Group news, Director Carol P. Lowe sold 950 shares of the firm’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 owned 17,278 shares in the company, valued at $14,591,271. This trade represents a 5.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.73% of the company’s stock.
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.
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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.
Further Reading Five stocks we like better than EMCOR Group Blueprint for a Boom: SEC Clears the Crypto Runway Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss Advance Auto Parts Plunged, But Its Turnaround Is Still Working Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
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Allworth Financial LP bought a new stake in EMCOR Group, Inc. (NYSE:EME – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,043 shares of the construction company’s stock, valued at approximately $3,355,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Great Lakes Advisors LLC lifted its position in shares of EMCOR Group by 32.3% during the first quarter. Great Lakes Advisors LLC now owns 590 shares of the construction company’s stock worth $218,000 after purchasing an additional 144 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in EMCOR Group by 93.0% during the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the construction company’s stock worth $81,000 after purchasing an additional 106 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of EMCOR Group during the second quarter worth $459,000. Baird Financial Group Inc. boosted its holdings in shares of EMCOR Group by 5.0% in the 2nd quarter. Baird Financial Group Inc. now owns 5,820 shares of the construction company’s stock valued at $3,113,000 after buying an additional 275 shares during the period. Finally, Bank of Nova Scotia boosted its position in EMCOR Group by 406.1% during the 2nd quarter. Bank of Nova Scotia now owns 4,565 shares of the construction company’s stock valued at $2,442,000 after purchasing an additional 3,663 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.
EMCOR Group Stock Performance NYSE EME opened at $777.68 on Friday. The firm’s 50 day moving average price is $797.37 and its two-hundred day moving average price is $800.45. EMCOR Group, Inc. has a twelve month low of $564.92 and a twelve month high of $951.96. The stock has a market cap of $34.30 billion, a price-to-earnings ratio of 24.19 and a beta of 1.14.
EMCOR Group (NYSE:EME – Get Free Report) last issued 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 35.49% and a net margin of 7.74%.EMCOR Group’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.72 earnings per share. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, research analysts forecast that EMCOR Group, Inc. will post 33.04 EPS for the current fiscal year. EMCOR Group Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were issued a $0.40 dividend. The ex-dividend date was 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 currently 4.98%.
Insider Buying and Selling In other news, Director Carol P. Lowe sold 950 shares of the firm’s 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 owned 17,278 shares in the company, valued at approximately $14,591,271. This trade 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. Corporate insiders own 0.73% of the company’s stock.
Wall Street Analyst Weigh In Several equities research analysts have commented on EME shares. Weiss Ratings restated a “buy (b)” rating on shares of EMCOR Group in a research note on Friday, July 17th. Stifel Nicolaus set a $918.00 target price on shares of EMCOR Group in a research report on Thursday, April 30th. Wall Street Zen raised shares of EMCOR Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. DA Davidson set a $1,047.00 price target on shares of EMCOR Group in a research note on Monday, August 10th. Finally, Cantor Fitzgerald dropped their price objective on EMCOR Group from $1,123.00 to $1,047.00 and set an “overweight” rating on the stock in a research note 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 stock. According to data from MarketBeat.com, EMCOR Group currently has a consensus rating of “Buy” and an average price target of $965.86.
Check Out Our Latest Report on EMCOR Group
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.
Further Reading Five stocks we like better than EMCOR Group Blueprint for a Boom: SEC Clears the Crypto Runway Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss Advance Auto Parts Plunged, But Its Turnaround Is Still Working Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
Receive News & Ratings for EMCOR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCOR Group and related companies with MarketBeat.com's FREE daily email newsletter.
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.
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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 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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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Emcor Group (EME - Free Report) .
Emcor Group currently has an average brokerage recommendation (ABR) of 1.55, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 11 brokerage firms. An ABR of 1.55 approximates between Strong Buy and Buy.
Of the 11 recommendations that derive the current ABR, eight are Strong Buy, representing 72.7% of all recommendations.
Brokerage Recommendation Trends for EME
Check price target & stock forecast for Emcor Group here>>>
The ABR suggests buying Emcor Group, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankAlthough both Zacks Rank and ABR are displayed in a range of 1--5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Should You Invest in EME?Looking at the earnings estimate revisions for Emcor Group, the Zacks Consensus Estimate for the current year has increased 12.5% over the past month to $33.04.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Emcor Group. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Emcor Group may serve as a useful guide for investors.
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.
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.
Image Source: Zacks Investment Research
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.
Image Source: Zacks Investment Research
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%.
Image Source: Zacks Investment Research
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.
Image Source: Zacks Investment Research
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.
Image Source: Zacks Investment Research
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).
Image Source: Zacks Investment Research
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.”
Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
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The service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities.
Breaking Down the Zacks Focus ListIf you could get access to a curated list of stocks to kickstart your investment portfolio, wouldn't you jump at the chance to take a peek?
Enter the Zacks Focus List. It's a portfolio made up of 50 stocks that are set to beat the market over the next 12 months; each company selected serves as a foundation for long-term investors looking to create an individual portfolio.
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Focus List MethodologyWhen stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates, or expectations of growth and profitability, come from brokerage analysts who track publicly traded companies; these analysts work together with company management to analyze every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
What a company will earn down the road also needs to be taken into consideration, and this is why earnings estimate revisions are so important.
The stocks that receive positive changes to earnings estimates are more likely to receive even more upward changes in the future. Take this example: if an analyst raised their estimates last month, they'll probably do so again this month, and other analysts will follow.
Utilizing the power of earnings estimate revisions is when the Zacks Rank joins the party. A unique, proprietary stock-rating model, the Zacks Rank uses changes to quarterly earnings expectations to help investors create a winning portfolio.
There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each one of these features is then given a raw score that's recalculated every night and compiled into the Rank. Using this data, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell."
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Since stock prices respond to revisions, it can be very profitable to buy stocks with rising earnings estimates. By buying Focus List stocks, then, you're likely getting into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: Emcor Group (EME - Free Report) EMCOR Group is a provider of mechanical and electrical construction, industrial and energy infrastructure, and building services for a diverse range of businesses. The company serves commercial, industrial, utility and institutional clients in the United States. It provides planning, installation, operation, maintenance and protection services for building systems and critical infrastructure. As of June 30, 2026, EMCOR had about 47,700 employees.
Since being added to the Focus List on July 8, 2026 at $768.38 per share, shares of EME have increased 8.18% to $831.23. The stock is currently a #1 (Strong Buy) on the Zacks Rank.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $3.67 to $33.04. EME also boasts an average earnings surprise of 12.2%.
Earnings for EME are forecasted to see growth of 27.7% for the current fiscal year as well.
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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.
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 24.16, 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 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.
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.
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
Image Source: Zacks Investment Research
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.
Image Source: Zacks Investment Research
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.
Image Source: Zacks Investment Research
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.
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.
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 26.1, 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 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.
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.
Investors might want to bet on Emcor Group (EME - Free Report) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.
The upward trend in estimate revisions for this construction and maintenance company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For Emcor Group, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
12 Month EPS
Current-Quarter Estimate RevisionsThe earnings estimate of $8.07 per share for the current quarter represents a change of +22.8% from the number reported a year ago.
The Zacks Consensus Estimate for Emcor Group has increased 8.4% over the last 30 days, as three estimates have gone higher compared to no negative revisions.
Current-Year Estimate RevisionsThe company is expected to earn $31.42 per share for the full year, which represents a change of +21.5% from the prior-year number.
In terms of estimate revisions, the trend for the current year also appears quite encouraging for Emcor Group. Over the past month, three estimates have moved higher compared to no negative revisions, helping the consensus estimate increase 12.06%.
Favorable Zacks RankThe promising estimate revisions have helped Emcor Group earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom LineInvestors have been betting on Emcor Group because of its solid estimate revisions, as evident from the stock's 6.7% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away.
Key Takeaways EME posted Q2 earnings & revenue beats, supported by disciplined execution and broad-based end-market demand.EMCOR's record $17.14 billion backlog was fueled by AI infrastructure and network & communications projects.EMCOR raised its 2026 revenue and EPS outlook after acquisitions expanded capabilities and market reach. EMCOR Group, Inc. (EME - Free Report) reported exceptional second-quarter 2026 financial results with earnings and revenues surpassing the Zacks Consensus Estimate and growing year over year.
The quarterly performance was mainly driven by disciplined project execution, favorable project mix and solid demand in key end markets, resulting in elevated contributions from its four reportable segments - U.S. Electrical Construction and Facilities Services, U.S. Mechanical Construction and Facilities Services, U.S. Building Services and U.S. Industrial Services.
AI Infrastructure & Record Backlog Strengthen GrowthEMCOR exited the second quarter with record remaining performance obligations (RPOs) of $17.14 billion, representing a 43.9% year-over-year increase and 29.3% from year-end 2025. The construction segments accounted for most of the balance, with $9.31 billion in mechanical construction and $6.33 billion in electrical construction. The backlog expansion was broad-based, with particularly strong growth across network & communications, water & wastewater, healthcare and institutional markets.
According to management, investments in AI infrastructure and digital transformation are generating unprecedented activity within the network & communications market, where demand for mission-critical facilities remains exceptionally strong. EME also continues to benefit from its ability to secure large-scale, complex projects across multiple customers, geographies and skilled trades, reflecting disciplined bidding and execution capabilities.
Importantly, the record RPOs provide significant revenue visibility heading into the second half of 2026 and beyond. Management believes the diverse backlog, combined with sustained customer investments in AI-driven infrastructure and essential public projects, positions EMCOR to continue converting project awards into profitable growth while maintaining pricing discipline and operational excellence across its construction platforms.
Strategic Acquisitions Expand Data Center Capabilities & Geographic ReachEMCOR significantly strengthened its long-term competitive positioning through an active acquisition strategy during the second quarter. The company completed or signed definitive agreements for five electrical contracting businesses — B&B Electric, Sidney Electric, Giles Electric, Schmidt Electric and Connelly Electric — which together generated approximately $625 million in trailing 12-month revenues and $105 million in EBITDA. The acquisitions expand EMCOR's footprint across Wisconsin, Ohio, Florida, Texas and Illinois, and deepen capabilities in high-tech manufacturing, healthcare, institutional, manufacturing & industrial, and network & communications markets.
Management emphasized that beyond expanding local market presence, these companies can be integrated into EMCOR's broader customer network and increasingly deployed on higher-value data center projects, particularly in fast-growing markets such as Austin, Central Texas, Daytona Beach and the Chicago suburbs. The company expects these acquisitions to contribute $250-$275 million in revenues during the second half of 2026.
EMCOR also highlighted that its acquisition strategy focuses on generating long-term revenue synergies rather than simply extracting cost savings, creating a compounding growth platform that enhances technical expertise, customer relationships and geographic diversification.
Diversified End Markets & Operational Investments Support OutlookBeyond AI infrastructure, EMCOR continues to benefit from healthy demand across a wide range of resilient end markets, reducing its reliance on any single customer or industry. Management highlighted continued strength in water & wastewater, high-tech manufacturing, healthcare, institutional, manufacturing and industrial, alongside robust demand for fire life safety services. EME also noted improving activity in warehousing, distribution and logistics projects, while HVAC retrofit work, building controls modernization, indoor air quality (IAQ) upgrades and energy-efficiency projects continue to generate meaningful aftermarket opportunities.
To support this expanding project pipeline, EMCOR is investing heavily in workforce training and development, prefabrication capabilities, Virtual Design and Construction (VDC) and advanced project delivery methods that improve labor productivity and execution quality. Although management acknowledged ongoing macro uncertainties, including tariffs, supply-chain disruptions, commodity price volatility, elevated interest rates and geopolitical risks, it expressed confidence in the company's ability to navigate these challenges through disciplined project selection, pricing and operational execution.
Supported by these favorable demand trends, operational investments and record project visibility, EMCOR raised its full-year 2026 revenue guidance to $20-$20.5 billion from $18.5-$19.25 billion previously while increasing its EPS outlook to $32-$33.25 (from $28.25-$29.75 expected earlier). Combined with its diversified market exposure and balanced capital allocation strategy, these operational investments position EMCOR to capitalize on long-term infrastructure spending and sustain profitable growth across multiple economic cycles.
EME Stock’s Zacks Rank & Recent Construction ReleasesEMCOR currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Martin Marietta Materials, Inc. (MLM - Free Report) reported outstanding second-quarter 2026 results, wherein adjusted earnings (from continuing operations) and revenues topped the Zacks Consensus Estimate and increased year over year.
Martin Marietta’s results benefited from strong organic performance and acquisition contributions. Aggregates shipments increased 17% to a record 61.6 million tons, supported by infrastructure and heavy nonresidential demand. Heavy nonresidential demand also benefits from data center, power-generation and warehouse construction. Martin Marietta raised its 2026 revenue guidance to a range of $7.2-$7.4 billion, with a midpoint of $7.3 billion.
CRH plc (CRH - Free Report) reported exceptional second-quarter 2026 financial results with adjusted earnings and total revenues topping the Zacks Consensus Estimate and growing year over year. Positive pricing, favorable demand and acquisition contributions supported the quarterly growth. CRH completed 11 acquisitions during the quarter for $1.1 billion.
CRH reaffirmed 2026 net income guidance of $3.9-$4.1 billion, adjusted EBITDA guidance of $8.1-$8.5 billion and earnings guidance of $5.60-$6.05 per share. The company expects public infrastructure spending and reindustrialization activity to support demand, while new-build residential conditions remain subdued.
Quanta Services, Inc. (PWR - Free Report) reported better-than-expected second-quarter 2026 results, with adjusted earnings and revenues beating the Zacks Consensus Estimate. Quanta’s performance benefited from strong demand for grid, generation and data-center infrastructure, broader self-perform capabilities, efficient resource utilization and solid execution across both segments.
Quanta increased its 2026 revenue forecast to $39.3-$39.7 billion, representing a $4.55 billion increase at the midpoint from its prior outlook. Adjusted earnings are now projected to be in the range of $16.45-$16.95 per share, while adjusted EBITDA is expected to be between $4.09 billion and $4.21 billion. Free cash flow is forecasted to be in the $2-$2.5 billion range.
Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.
But what's the best way to find the right combination of stocks? Because funding things like your retirement, your kids' college tuition, or your short- and long-term savings goals will definitely require significant returns.
Enter the Zacks Rank.
What is the Zacks Rank?The Zacks Rank is a unique, proprietary stock-rating model that utilizes earnings estimate revisions to help investors build a winning portfolio.
There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.
Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.
Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.
Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.
Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.
Each one of these factors is given a raw score that's recalculated every night, and then compiled into the Zacks Rank. Using this data, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell."
The Power of Institutional InvestorsThe Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.
Institutional investors are the professionals who manage the trillions of dollars invested in mutual funds, investment banks, and hedge funds. Studies have shown that these investors can and do move the market due to the large amounts of money they invest with. Because of this, the market tends to move in the same direction as institutional investors.
In order to determine the fair value of a company and its shares, institutional investors design valuation models that focus on earnings and earnings estimates. Because if you raise earnings estimates, it then creates a higher fair value for a company and its stock price.
Institutional investors then act on these changes in earnings estimates, typically buying stocks with rising estimates and selling those with falling estimates; an increase in earnings estimates can translate into higher stock prices and bigger gains for the investor.
Since it can often take weeks, if not months, for an institutional investor to build a position (given their size), retail investors who get in at the first sign of upward earnings estimate revisions have a distinct advantage over these larger investors, and can benefit from the expected institutional buying that will follow.
Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.
How to Invest with the Zacks RankThe Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +23.94%.
Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.
Let's take a look at Emcor Group (EME - Free Report) , which was added to the Zacks Rank #1 list on August 4, 2026.
EMCOR Group is a provider of mechanical and electrical construction, industrial and energy infrastructure, and building services for a diverse range of businesses. The company serves commercial, industrial, utility and institutional clients in the United States. It provides planning, installation, operation, maintenance and protection services for building systems and critical infrastructure. As of June 30, 2026, EMCOR had about 47,700 employees.
For fiscal 2026, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.39 to $30.76 per share. EME boasts an average earnings surprise of 12.2%.
Analysts are expecting earnings to grow 18.9% for the current fiscal year, with revenue forecasted to rise 15.7%.
Additionally, EME has climbed higher over the past four weeks, gaining 3.8%. The S&P 500 is up 1.7% in comparison.
Bottom LineWith a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Emcor Group should be on investors' shortlist.
If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.
Discover Today's Top StocksOur private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Applying the Zacks Rank in your own trading can boost your investing returns on your very next trade. See Today's Zacks #1 Rank List >>
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.
Key Takeaways EMCOR delivered 19.8% revenue growth, 34.8% EPS growth and raised its 2026 revenue and earnings outlook.Record RPOs of $17.14 billion provide visibility, driven largely by organic customer growth.EME trades above peer & historical valuation levels, leaving less room for execution missteps or slow growth. EMCOR Group, Inc. (EME - Free Report) is producing faster earnings growth, record contracted work and a higher full-year outlook. Those strengths support the case for buying the stock despite its recent volatility.
The main obstacle is price. EME trades above its historical and peer valuations, so future gains may depend on continued execution rather than a simple rerating.
EMCOR’s Growth Case Is Hard to IgnoreSecond-quarter organic revenues increased 19.6% year over year, with every reportable segment contributing to growth. Total revenues rose 19.8% to $5.15 billion, while earnings per share advanced 34.8% to $9.06.
U.S. Electrical Construction revenues increased 24% to $1.66 billion. U.S. Mechanical Construction revenues climbed 31.1% to $2.30 billion as data centers and other mission-critical projects supported demand across both businesses.
Comfort Systems USA, Inc. (FIX - Free Report) offers another view of the same spending cycle. The mechanical and electrical contractor reported second-quarter revenues of $3.27 billion and a backlog of $14.06 billion, indicating that demand for complex building systems remains broad.
EME’s Premium Valuation Raises the BarEME trades at 25.3X forward 12-month earnings, above the Zacks sub-industry multiple of 20.9X and its five-year median of 18.2X. Investors are already paying for sustained growth, solid margins and reliable project execution. That premium valuation leaves less room for delays, unfavorable project mix or slower earnings growth. A strong operating quarter may not lift the shares if expectations rise just as quickly as results.
Quanta Services, Inc. (PWR - Free Report) also benefits from large infrastructure programs, but its second-quarter remaining performance obligations of $33.6 billion came with explicit exposure to project timing and delays. The comparison reinforces that contracted work improves visibility without eliminating execution risk.
EMCOR’s Backlog Supports Revenue VisibilityRemaining performance obligations increased 43.9% year over year to a record $17.14 billion. The balance also rose 29.3% from year-end 2025, giving EMCOR substantial work to convert into future revenues.
Management said 95% of the year-over-year increase was organic. Customer expansion and new awards, rather than acquisitions, drove most of the pipeline growth, with network and communications, water and wastewater, and institutional and healthcare work contributing.
EMCOR raised its 2026 revenue guidance to $20-$20.5 billion and its earnings outlook to $32-$33.25 per share. The higher ranges indicate that current demand and execution trends are carrying into the second half.
Cash Strength Supports EMCOR’s FlexibilityEMCOR ended June with $924.4 million in cash and cash equivalents, $6.1 million of total debt and no revolving-credit borrowings during the first half. That position supports organic investment, acquisitions, share repurchases and dividends.
The balance sheet does not remove every concern. Operating cash flow was $289.9 million for the first half as growth increased working-capital requirements, while accounts receivable and contract assets rose from year-end levels.
EME’s Buy Signal Favors Growth Over ValueThe stock’s operating momentum, estimate revisions and contracted work support a constructive view. The premium valuation argues against treating the shares as an obvious bargain, making the decision more favorable for growth-oriented investors than for strict value buyers.
EME currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for current-year earnings has risen 11.1% over the past four weeks, a positive signal because the Rank emphasizes earnings estimate revisions. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The stock also has a Growth Score of B and VGM Score of B, which complement a top Zacks Rank. Its Value Score of D points to limited valuation support, so investors seeking a wider margin of safety may prefer to wait for a better entry point.
Key Takeaways EMCOR posted 19.8% revenue growth, 34.8% EPS growth and record RPOs of $17.14 billion.EME trades above its sub-industry, sector and S&P 500 forward P/E multiples despite the recent share decline.Higher guidance and rising estimates support the outlook, while labor and tariffs remain key risks. EMCOR Group, Inc. (EME - Free Report) shares have declined 12.4% over the past three months even as it delivered sharp earnings growth and analysts raised estimates.
The pullback may offer a better entry point, but the stock still carries a premium valuation. Investors must weigh execution strength and record contracted work against cost, labor and project-timing risks.
Why EME Shares Lost GroundThe available evidence does not identify one clear reason for the three-month decline. That makes it difficult to conclude that the weakness reflects a change in EMCOR's operating outlook rather than valuation pressure or normal volatility.
Recent trading has also been uneven. EMCOR gained 7.4% in one week and 1.3% over the past month, showing that investors continue to respond quickly to changes in expectations.
EMCOR's Fundamentals Still Look StrongSecond-quarter 2026 revenues increased 19.8% year over year to $5.15 billion. Earnings per share rose 34.8% to $9.06 and topped the Zacks Consensus Estimate by 25.3%.
Remaining performance obligations reached a record $17.14 billion, up 43.9% year over year. The balance provides visibility across data centers, water and wastewater, and institutional and healthcare work.
Comfort Systems USA, Inc. (FIX - Free Report) , another mechanical and electrical contractor, reported second-quarter revenues of $3.27 billion and backlog of $14.06 billion, underscoring broad demand across mission-critical construction markets. Quanta Services, Inc. (PWR - Free Report) also reported second-quarter remaining performance obligations of $33.6 billion, reflecting sizable infrastructure demand beyond EMCOR's core markets.
Valuation Could Limit EME's ReboundEME trades at 25.34X forward 12-month earnings. That exceeds the Zacks sub-industry multiple of 20.94X, the construction sector's 19.93X and the S&P 500's 20.29X.
The stock also trades well above its five-year median of 18.24X. The premium suggests that investors already expect sustained demand, solid margins and continued execution, leaving less room for disappointment.
Risks That Could Extend EMCOR's WeaknessTariffs, material-cost volatility and skilled-labor constraints could disrupt project economics. Fixed-price contracts may pressure profitability when cost increases, productivity shortfalls or scope changes are not fully recovered.
Project timing and estimate revisions remain additional concerns. Negative revisions above $1 million reduced second-quarter operating results by $37.4 million, partly offset by $22.2 million of favorable revisions. Rapid growth can also raise working-capital needs before collections catch up, limiting near-term cash conversion.
EME's Buy Signal Meets Mixed Style ScoresThe pullback looks more like a valuation and execution debate than a collapse in operating fundamentals. Record remaining performance obligations, higher guidance and rising earnings estimates support recovery potential, but the premium multiple keeps the risk-reward balance from looking one-sided.
EME currently carries a Zacks Rank #2 (Buy). Its Growth Score of B and Momentum Score of B indicate favorable growth and price-trend characteristics when paired with a top Zacks Rank. The Value Score of D shows that the recent decline has not made the shares conventionally inexpensive, so investors may still need to tolerate valuation-driven volatility. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Emcor Group (EME - Free Report) .
Emcor Group currently has an average brokerage recommendation (ABR) of 1.55, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 11 brokerage firms. An ABR of 1.55 approximates between Strong Buy and Buy.
Of the 11 recommendations that derive the current ABR, eight are Strong Buy, representing 72.7% of all recommendations.
Brokerage Recommendation Trends for EME
Check price target & stock forecast for Emcor Group here>>>
While the ABR calls for buying Emcor Group, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is EME Worth Investing In?Looking at the earnings estimate revisions for Emcor Group, the Zacks Consensus Estimate for the current year has increased 11.1% over the past month to $29.37.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Emcor Group. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Emcor Group may serve as a useful guide for investors.
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Focus List MethodologyWhen stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Brokerage analysts are in charge of determining a company's growth and profitability expectations, or earnings estimates. These analysts work together with company management to evaluate all factors that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
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Focus List Spotlight: Emcor Group (EME - Free Report) EMCOR Group is a provider of mechanical and electrical construction, industrial and energy infrastructure, and building services for a diverse range of businesses. The company serves commercial, industrial, utility and institutional clients in the United States. It provides planning, installation, operation, maintenance and protection services for building systems and critical infrastructure. As of June 30, 2026, EMCOR had about 47,700 employees.
EME, a #2 (Buy) stock, was added to the Focus List on July 8, 2026 at $768.38 per share. Since then, shares have increased 3.78% to $797.43.
For fiscal 2026, one analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.38 to $29.37. EME boasts an average earnings surprise of 12.2%.
Moreover, analysts are expecting EME's earnings to grow 13.5% for the current fiscal year.
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Key Takeaways EME delivered record Q2 revenues of $5.15B and operating income of $547.3M. EME's remaining performance obligations hit $17.14B, up 43.9% year over year.EME raised 2026 revenue and EPS guidance on strong execution momentum. EMCOR Group, Inc. (EME - Free Report) highlighted strong demand across construction and infrastructure markets during its second-quarter 2026 earnings call, with record revenues, expanding margins and a sharply higher backlog supporting an improved full-year outlook.
Management emphasized continued strength in data centers, electrical and mechanical construction, and strategic acquisitions designed to expand capabilities in high-growth markets. The company also raised its revenue and earnings guidance based on execution momentum and record remaining performance obligations.
EME Delivers Record Quarterly ResultsEMCOR reported second-quarter earnings per share of $9.06, exceeding the Zacks Consensus Estimate of $7.23 by $1.83. Revenues reached $5.15 billion, ahead of the Zacks Consensus Estimate of $4.73 billion by $420 million.
Revenues increased 19.8% year over year, while organic revenue growth was 19.6% after adjusting for acquisitions and the impact of the United Kingdom operations sale. Operating income reached a record $547.3 million, representing a 10.6% operating margin compared with 9.6% a year earlier.
Chief executive officer Anthony Guzzi said the quarter reflected strong execution, operational discipline and sustained customer demand across core markets. He pointed to the company’s ability to complete complex projects across geographies and trades as a key competitive advantage.
EMCOR Sees Data Center Momentum ContinueData center demand remained a central theme of the call, with management highlighting continued investment in artificial intelligence infrastructure and digital transformation. Remaining performance obligations reached a record $17.14 billion, up 43.9% year over year.
Guzzi said network and communications, which includes data center activity, represented one of the strongest sources of growth. Mechanical construction benefited from rising cooling requirements for data centers, while electrical construction saw increased activity tied to power infrastructure.
A Stifel analyst asked whether customer demand for data centers had changed amid investor concerns. Guzzi said the demand profile remained unchanged and highlighted growth opportunities across markets including Ohio, Texas, Pennsylvania, Arizona, Georgia and the Carolinas.
EME Expands Construction StrengthEMCOR’s electrical construction segment generated revenue growth of 24% year over year with a 13.9% operating margin. Mechanical construction revenues increased more than 31%, supported by data centers, institutional projects and commercial activity.
The company’s construction businesses generated combined revenues of $3.96 billion, up 28% year over year. Electrical construction operating income increased 46.8% to a quarterly record $231.4 million, helped by revenue growth, favorable project mix and execution.
Mechanical construction operating income reached $286.6 million despite a lower margin profile caused by project mix shifts. Management said the change reflected more construction manager and prime contractor projects, as well as more cost-plus contracts, rather than weaker execution.
EMCOR Raises 2026 GuidanceEMCOR increased its full-year 2026 revenue guidance to $20 billion to $20.5 billion from the previous range of $18.5 billion to $19.25 billion. The company also raised its EPS guidance to $32 to $33.25 from $28.25 to $29.75.
Management attributed the higher outlook to strong first-half performance, record RPO levels and confidence in continued project execution. Guzzi said the company expects sustained demand across core markets while maintaining pricing discipline and selective project bidding.
A Baird analyst questioned why guidance improved despite mechanical margin pressure and acquisition-related amortization. Chief financial officer Jason Nalbandian said accelerating revenue growth is improving overhead absorption and SG&A leverage, while strong electrical performance and contributions from other segments support the outlook.
EME Advances Acquisition StrategyEMCOR continued expanding through acquisitions aimed at strengthening electrical and mechanical capabilities and entering attractive regional markets. Management highlighted recent additions including B&B Electric, Sidney Electric, Giles, Schmidt Electric and Connelly Electric.
Guzzi said the company’s acquisition approach focuses on businesses with strong field execution, shared values and the ability to benefit from EMCOR’s operating model. He noted that acquired companies can often expand into data centers and other high-growth markets through EMCOR’s customer relationships and technical expertise.
The acquisitions collectively generated $625 million of revenues and $105 million of EBITDA during the trailing 12 months ended June 30, 2026. Management expects these transactions to provide longer-term earnings benefits as acquisition-related backlog amortization declines.
EMCOR Maintains Growth FocusEMCOR ended the quarter with $924 million of cash and continued financial flexibility to fund acquisitions, organic growth and shareholder returns. Management emphasized disciplined capital allocation alongside continued investment in workforce development, technology and project execution capabilities.
The company highlighted investments in prefabrication, virtual design and construction technologies and skilled labor development as important tools for improving productivity. Management also noted that union labor flexibility helps support large infrastructure projects across expanding geographic markets.
EMCOR entered the second half of 2026 with record backlog, stronger guidance and continued demand visibility across data centers, infrastructure and specialized construction markets.
Zacks Signals for EMEEMCOR carries a Zacks Rank #2 (Buy). The Zacks Rank is primarily driven by earnings estimate revisions and is designed to help identify stocks with potential relative performance over the next one to three months. The Rank can change as analysts update earnings expectations following quarterly results.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The stock has a Value Score of C, Growth Score of C, Momentum Score of C and VGM Score of C. Zacks Style Scores range from A to F, with stronger scores representing more favorable characteristics within each investment style category.
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.
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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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3 Non-Tech Stocks Still Winning Big on AIEMCOR Group NYSE: EME reported record second-quarter revenue, operating income and remaining performance obligations, driven by strong demand in data centers, institutional projects, manufacturing and industrial work, and other end markets. The company also raised its full-year 2026 revenue and earnings outlook.
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Second-quarter revenue rose 19.8% year over year to $5.15 billion, including organic growth of 19.6% after excluding acquisitions and the divestiture of EMCOR UK. Operating income increased nearly 32% to $547.3 million, while operating margin expanded 100 basis points to 10.6%. Diluted earnings per share climbed 35% to $9.06 from $6.72 in the prior-year quarter.
Palantir and Woodward Jumped on Earnings Beats—Here Are 3 More Setups to Watch“EMCOR delivered another outstanding quarter, highlighted by exceptional organic growth, strong conversion of revenue into operating income and cash flow, continued booking strength, and record remaining performance obligations,” Chairman, President and Chief Executive Officer Tony Guzzi said.
Construction Segments Lead Growth Electrical construction revenue increased 24% to $1.66 billion, led primarily by a 45% increase in network and communications revenue, which includes the company’s data center business. The segment generated operating income of $231.4 million, up 46.8% from a year earlier, with operating margin rising 210 basis points to 13.9%.
3 Data Center Beneficiaries Raising Dividends Up to 60%Chief Financial Officer Jason Nalbandian said electrical construction benefited from field execution and a more favorable project mix, with most of the margin improvement coming from higher gross profit margin.
Mechanical construction revenue grew more than 31% to $2.3 billion. Revenue in the network and communications market more than doubled from the prior-year quarter, supported by increased cooling requirements for data centers and expansion into adjacent geographies. The segment also recorded a 77% increase in institutional revenue, a 26% increase in commercial revenue tied in part to warehousing, distribution and logistics projects, and an 18% increase in manufacturing and industrial revenue.
Mechanical construction operating income rose 20.1% to $286.6 million. Its 12.5% operating margin was down 110 basis points year over year, reflecting a greater share of projects in which EMCOR serves as construction manager or prime contractor, along with more guaranteed maximum price and cost-plus contracts. Nalbandian said the shift was driven in part by water and wastewater and food-processing work, as well as more complex data center projects.
Combined, the electrical and mechanical construction segments generated quarterly revenue of $3.96 billion, up 28%, and a combined operating margin of 13.1%.
Services Results and Record Backlog U.S. building services revenue increased 5.6% to $837.7 million, while operating income rose 26.6% to $63.4 million. The segment’s operating margin expanded 130 basis points to 7.6%, aided by a more favorable project mix, improved execution and restructuring actions in commercial site-based services.
Industrial services revenue rose nearly 26% to $353.8 million, driven by field-services activity, increased petrochemical project volume, turnaround work and progress on a large solar project. The segment generated operating income of $9.6 million, representing a significant improvement from the prior-year period.
EMCOR ended the quarter with record remaining performance obligations, or RPOs, of $17.14 billion. That figure was up 44% from a year earlier, 29% from December and 10% sequentially from March. Guzzi said 95% of the RPO growth was organic.
Demand in network and communications, led by data centers, remained “exceptionally strong,” according to Guzzi. He said customer investment in artificial intelligence infrastructure and digital transformation initiatives continued to create opportunities. RPO growth was also broad-based, with strong bookings in water and wastewater, healthcare and institutional markets.
Management said a larger volume of recently booked work and longer-duration projects have affected the timing of revenue conversion. Nalbandian said historically about 85% of RPOs burned within 12 months, compared with roughly 75% to 76% currently, reflecting project size, water and wastewater work, and the volume of new bookings.
Acquisitions and Capital Allocation The company discussed five electrical construction acquisitions: B&B Electric in Wisconsin, Sidney Electric in Ohio, Giles Electric in Florida, Schmidt Electric in Central Texas and Connelly Electric in the Chicago-area market. Guzzi said the businesses expand EMCOR’s trade expertise, geographic coverage and ability to serve customers in growing markets.
The five businesses collectively generated $625 million in revenue and $105 million in EBITDA during the trailing 12 months ended June 30. EMCOR expects the acquisitions to contribute between $250 million and $275 million of revenue during the second half of 2026. Nalbandian said their near-term effect on diluted earnings per share would be limited by intangible asset amortization and reduced net interest income, though the businesses are expected to provide additional accretion as acquired backlog is completed over the following 12 to 18 months.
Management said Schmidt and Connelly are expected to close in the third quarter. The acquisitions include an upfront purchase price of $750 million, with up to $90 million in potential earn-outs for two of the transactions, according to Nalbandian.
EMCOR finished the quarter with $924 million in cash and $1.45 billion of working capital, and generated $289.4 million in operating cash flow during the quarter.
Guidance Raised Based on first-half performance and its record RPO position, EMCOR raised its full-year 2026 outlook. The company now expects revenue of $20 billion to $20.5 billion and diluted earnings per share of $32 to $33.25.
Guzzi said the outlook assumes sustained demand, continued operating performance, disciplined project execution and pricing discipline. He also cited risks including geopolitical conflicts, commodity-cost fluctuations and equipment lead-time volatility, while saying the company’s teams have demonstrated an ability to manage through those conditions.
About EMCOR Group (NYSE:EME)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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Na konci obchodní seance již nedošlo k výraznějším změnám trendu. Výsledkem je, že indexy končí výrazně v zeleném. Růstu vévodil technologický sektor tlačený především čipovými společnostmi. Micron zakončil krásným obratem (+18,36 %) AMD přidalo (+13 %). Zároveň i ostatní technologické společnosti těžili z rapidního růstu Microsoftu, který potěšil silnými kvartálními výsledky. Proti tomuto proudu šla Meta, která skončila výprodejem (-7,98 %). Amazon po zavření přidává v aftermarketu již + 6 %
Do záporu se nakonec otočila ropa, přičemž WTI pokleslo o (-0,96 %). Cenné kovy těžily z informací o inflaci a zakončili růstově, zlato přidalo (+1,85 %).
Index Dow Jones +1,19 % na 52209,57 b.
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Index S&P 500 +1,66 % na 7437,96 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +5,2 % Komunikační služby -2,5 % Zbytná spotřeba +1,6 % Nezbytná spotřeba -2,2 % Průmysl +1 % Zdravotní péče -1,6 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Sandisk Corp (SNDK) +26 % Fair Isaac Corp (FICO) -17 % EMCOR Group (EME) +19 % CH Robinson Worldwide (CHRW) -15 % Micron Technology (MU) +18 % Norwegian Cruise Line Holdings (NCLH) -9,8 % Lam Research Corp (LRCX) +18 % Altria Group (MO) -9,3 % Quanta Services (PWR) +17 % L3Harris Technologies (LHX) -8,6 %
Jan Pazourek, Fio banka, a.s.
Key Takeaways EMCOR's Q2 earnings rose 34.8%, while record revenues climbed 19.8% to $5.15 billion.Broad-based organic growth, disciplined execution and cost control expanded operating margins.Record RPOs of $17.14 billion strengthened visibility as EMCOR raised its 2026 guidance. EMCOR Group, Inc. (EME - Free Report) reported solid second-quarter 2026 results, with earnings and revenues surpassing the Zacks Consensus Estimate. The company’s quarterly performance was driven by broad-based organic growth across its reportable segments, disciplined project execution, favorable project mix and solid demand in key end markets. Improved operating leverage and cost control supported margin expansion, while record remaining performance obligations strengthened revenue visibility. Continued demand for mission-critical construction, network and communications, healthcare, institutional, water and wastewater, and high-tech manufacturing projects also supported management’s improved outlook.
Following the results, EMCOR stock gained more than 11% during today’s pre-market trading session.
EMCOR’s Earnings & Revenue DiscussionEMCOR reported second-quarter 2026 earnings of $9.06 per share, up 34.8% year over year. The figure beat the Zacks Consensus Estimate of $7.23 by 25.3%.
Revenues rose 19.8% to a record $5.15 billion and surpassed the consensus mark by 9%. Strong organic growth across every reportable segment drove the results, while Remaining Performance Obligations or RPOs reached a record $17.14 billion.
Organic revenues increased 19.6% year over year after adjusting for incremental acquisition contributions and the sale of the company’s U.K. operations. The performance reflected sustained activity across EMCOR’s construction and services platforms.
Net income climbed to $403.7 million from $302.2 million in the prior-year quarter. Management attributed the performance to disciplined execution, favorable demand across key markets and the company’s ability to deliver complex, mission-critical projects.
EMCOR Expands Margins Through Operating LeverageGross profit increased 22.6% year over year to $1.02 billion. The gross margin expanded 40 basis points (bps) to 19.8%, as profit growth exceeded the pace of revenue growth.
Selling, general and administrative expenses rose 13.5% year over year to $475 million but declined to 9.2% of revenues from 9.7% a year earlier. Operating income advanced 31.8% year over year to $547.3 million, while the operating margin improved 100 bps to 10.6%.
EME's Segmental Performance Shows Broad StrengthU.S. Electrical Construction and Facilities Services revenues (which accounted for 32% of second-quarter total revenues) increased 24% year over year to $1.66 billion. Operating income surged 46.8% year over year to $231.4 million, while the segment margin expanded 210 bps to 13.9%.
U.S. Mechanical Construction and Facilities Services (45%) revenues grew 31.1% year over year to $2.30 billion. Operating income rose 20.1% to $286.6 million, though the operating margin contracted 110 bps to 12.5%.
U.S. Building Services revenues (16%) advanced 5.6% year over year to $837.7 million. Operating income increased 26.6% year over year to $63.4 million, and the margin expanded 130 basis points to 7.6%.
U.S. Industrial Services revenues (7%) climbed 25.9% year over year to $353.8 million. The segment generated operating income of $9.6 million against a loss of $0.4 million in the year-ago quarter, lifting its margin to 2.7% from negative 0.1%.
EMCOR's Record RPOs Improve Revenue VisibilityRPOs, or contracted work yet to be recognized as revenue, increased 43.9% year over year to $17.14 billion. The metric also rose $3.89 billion from the end of 2025.
The largest increases came from Network and Communications, Water and Wastewater and Institutional and Healthcare. EMCOR also cited strong demand in Manufacturing and Industrial, High-Tech Manufacturing, fire life safety services and HVAC-related aftermarket projects.
EME's Balance Sheet Supports Capital DeploymentCash and cash equivalents totaled $924.4 million as of June 30, 2026, compared with $1.11 billion at 2025-end. Working capital increased to $1.45 billion from $1.07 billion, while total debt remained low at $6.1 million.
Net cash provided by operating activities was $289.9 million during the first six months of 2026. The company used $268.5 million for share repurchases, $35.6 million for dividends and $95 million for business acquisitions during the period.
EMCOR Raises Its Full-Year 2026 GuidanceEMCOR increased its 2026 revenue guidance to $20-$20.50 billion from $18.50-$19.25 billion. The company also raised its operating margin forecast to 9.5-9.8% from 9-9.4%.
Earnings are now expected to be between $32 and $33.25 per share, up from the previous range of $28.25-$29.75. The revised outlook reflects continued demand, success in winning and executing large-scale projects and management’s confidence in the company’s operating capabilities.
EMCOR’s Zacks RankEMCOR currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Construction ReleasesOrion Group Holdings, Inc. (ORN - Free Report) reported weaker-than-expected second-quarter 2026 results, with adjusted EPS and revenues missing the Zacks Consensus Estimate. Revenues increased 8% year over year, driven by strong growth in the Concrete segment, supported by higher project volumes, new contract awards, expansion of site civil services and solid project execution. However, these gains were more than offset by weakness in the Marine business, where lower project volumes, along with higher selling, general and administrative expenses to support growth initiatives, pressured margins and reduced adjusted EBITDA, weighing on overall earnings.
Despite the softer quarter, Orion reaffirmed its full-year revenue guidance of $900-$950 million, implying approximately 9% growth at the midpoint. However, the company lowered its adjusted EBITDA outlook to $50-$54 million from the prior $54-$58 million range and reduced its adjusted earnings guidance to 23-30 cents per share from the earlier forecast of 36-42 cents.
United Rentals, Inc. (URI - Free Report) reported solid second-quarter 2026 results, with adjusted earnings per share and total revenues beating the Zacks Consensus Estimate and increasing year over year. Record rental revenues, higher fleet productivity and robust specialty demand supported the results. Fleet productivity improved 3.4% year over year.
United Rentals’ management raised its 2026 revenue outlook to $17.5-$17.8 billion from $16.9-$17.4 billion. The adjusted EBITDA forecast increased to $7.98-$8.13 billion from $7.63-$7.88 billion.
Comfort Systems USA, Inc. (FIX - Free Report) delivered impressive second-quarter 2026 results, with earnings and revenues surpassing the Zacks Consensus Estimate and increasing sharply year over year. The quarterly performance reflected continued strength across its end markets, robust execution by the operating teams and sustained demand that drove record backlog growth, reinforcing the company’s confidence in the business momentum.
Comfort Systems’ backlog as of June 30, 2026, totaled $14.06 billion, increasing 12.9% from $12.45 billion at March 31, 2026, and jumping 73.2% from $8.12 billion reported a year ago. On a same-store basis, backlog climbed to $13.70 billion from $8.12 billion in the year-ago period.
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.
Emcor Group (EME - Free Report) came out with quarterly earnings of $9.06 per share, beating the Zacks Consensus Estimate of $7.23 per share. This compares to earnings of $6.72 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +25.31%. A quarter ago, it was expected that this construction and maintenance company would post earnings of $5.85 per share when it actually produced earnings of $6.84, delivering a surprise of +16.92%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Emcor Group, which belongs to the Zacks Building Products - Heavy Construction industry, posted revenues of $5.15 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 9.00%. This compares to year-ago revenues of $4.3 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Emcor Group shares have added about 9.9% since the beginning of the year versus the S&P 500's gain of 6.9%.
What's Next for Emcor Group?While Emcor Group has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Emcor Group was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $7.44 on $4.78 billion in revenues for the coming quarter and $29.37 on $19.02 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Heavy Construction is currently in the top 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Dycom Industries (DY - Free Report) , has yet to report results for the quarter ended July 2026.
This provider of specialty contracting services is expected to post quarterly earnings of $4.62 per share in its upcoming report, which represents a year-over-year change of +38.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Dycom Industries' revenues are expected to be $1.97 billion, up 43.2% from the year-ago quarter.
NORWALK, Conn.--(BUSINESS WIRE)--EMCOR Group, Inc. (NYSE: EME) today reported results for the quarter ended June 30, 2026. Second Quarter 2026 Results of Operations For the second quarter of 2026, revenues totaled a quarterly record of $5.15 billion, an increase of 19.8%, compared to revenues of $4.30 billion for the second quarter of 2025. On an organic basis, when adjusting for incremental acquisition contribution and the impact of the sale of the Company's United Kingdom operations, second q.
Key Takeaways AI, data centers, grid modernization and public infrastructure are creating long-term construction demand.Sector earnings are expected to fall 3.4% as revenue growth slows to 4.8% in the second quarter.High mortgage rates & weak housing remain key headwinds despite resilient public construction spending. Heading into the upcoming earnings cycle, the construction sector of the United States is sitting in the middle of elevated infrastructure and public construction demand and housing market softness. Robust AI and data center investment, rising power demand, grid modernization, government programs, energy transition and electrification trends are boosting public construction demand. Conversely, elevated mortgage rates and weak consumer sentiment are muting housing demand.
Amid this mixed market backdrop, key construction firms, including KBR, Inc. (KBR - Free Report) , CRH plc (CRH - Free Report) , SPX Technologies, Inc. (SPXC - Free Report) and EMCOR Group, Inc. (EME - Free Report) , are set to provide crucial insights into demand trends, pricing discipline and backlog visibility.
Considering a broader view of the Construction sector, per the latest Earnings Trends report (as of July 22), 17.6% of the sector’s companies out of the reported 81 S&P 500 members had released their earnings. Having the sector’s market capitalization of 12%, these companies, in total, reported a 20.4% decline in the bottom line, with the top line tumbling 3.9%. Of the companies that have reported, 100% beat on earnings, while 66.7% topped the revenue estimates.
Expectations of the Construction Sector’s Earnings SeasonPer the recent Earnings Trends report, the construction sector’s earnings are expected to tumble 3.4% year over year in the second quarter compared with a 4.7% decline in the prior quarter. Conversely, revenues are anticipated to increase 4.8% compared with 5.8% growth in the first quarter of 2026.
What is Driving the Sector’s Growth?The United States is witnessing a boost from increased infrastructure spending through several federal initiatives, which are proving incremental for companies engaging in public construction and engineering projects, resulting in a growing backlog. Increasing AI adoption, data center projects, power-related investments, grid modernization and energy, alongside defense and national security projects, are creating long-term opportunities across the geography and beyond.
Companies like KBR, EMCOR and CRH get to enjoy the direct benefits from these favorable market tailwinds. Demand for HVAC, cooling, energy-efficiency solutions and specialized industrial equipment mainly supports SPX Technologies' growth.
Per the recent construction spending report of May 2026 by the U.S. Census Bureau, public construction spending was 0.3% up year over year and 0.5% up month over month. Within this bracket, construction spending on healthcare, transportation, highway and street, and conservation and development was notably up from May 2025 by 4.9%, 3%, 2.9% and 16.1%, respectively.
Threats to the Construction SectorDespite the public infrastructure construction boom, the broader sector’s prospects are pulled back by the ongoing housing market softness. Per Freddie Mac, the 30-year mortgage rate moved up from 6.46% as of the week ending on April 2 to 6.49% as of the week ending on June 25. Amid the heightened geopolitical tensions and increasing inflation, homebuyers in the country stayed demotivated from owning a new house.
As of the June 2026 new residential sales report by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, new single-family house sales were 5.6% down from June 2025, but were up 1.6% from May 2026. Single-family housing starts in June 2026 were 3.2% below the June 2025 value.
Public construction boost is majorly benefiting SPX Technologies given its elaborate exposure to public infrastructure, data-center, industrial and replacement/retrofit demand. However, softness in private residential construction is likely to be a partial offset to its business growth.
Construction Stocks to Watch OverAmid a bundle of stocks, to identify one with the potential to beat earnings estimates, the following Zacks methodology can be exercised. The Zacks model suggests that a company needs to have the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — to increase the odds of an earnings beat. You can uncover the best stocks before they’re reported with our Earnings ESP Filter. You can see the complete list of today’s Zacks Rank #1 stocks here.
Here are four stocks that are set to report their second-quarter 2026 earnings on July 30.
KBR: This Texas-based engineering, construction and services firm has an Earnings ESP of +8.70% and a Zacks Rank of 2. KBR reported better-than-expected earnings in each of the trailing four quarters, the average surprise being 4.8%.
The Zacks Consensus Estimate for KBR’s second-quarter 2026 revenues and EPS is pegged at $1.88 billion and 92 cents, representing a decline of 3.5% and growth of 1.1%, respectively, from the year-ago figures.
SPX Technologies: This North Carolina-based industrial technology company has an Earnings ESP of +1.35% and a Zacks Rank of 2. SPXC reported better-than-expected earnings in each of the trailing four quarters, the average surprise being 9.7%.
The Zacks Consensus Estimate for SPXC’s second-quarter 2026 revenues and EPS is pegged at $635.6 million and $1.85, indicating growth of 15.1% and 12.1%, respectively, from the year-ago figures. (read more: SPX Technologies to Report Q2 Earnings: What's in Store for the Stock?)
EMCOR: This Connecticut-based construction company has an Earnings ESP of 0.00% and a Zacks Rank of 2. EMCOR reported better-than-expected earnings in three of the trailing four quarters and missed on the remaining occasion, the average surprise being 10.4%.
The Zacks Consensus Estimate for EME’s second-quarter 2026 revenues and EPS is pegged at $4.73 billion and $7.23, indicating growth of 9.9% and 7.6%, respectively, from the year-ago figures. (read more: Here's What Investors Must Know Ahead of EMCOR's Q2 Earnings)
CRH: This global provider of building materials and solutions has an Earnings ESP of +4.08% and a Zacks Rank of 3. CRH reported better-than-expected earnings in two of the trailing four quarters, met on one occasion and missed on the remaining one, the average surprise being 0.7%.
The Zacks Consensus Estimate for CRH’s second-quarter 2026 revenues and EPS is pegged at $10.72 billion and $1.96, implying improvements of 5.1% and 1%, respectively, from the year-ago figures. (read more: CRH to Report Q2 Earnings: What's in Store for the Stock?)
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.
Key Takeaways Investors must buy the picks-and-shovels and infrastructure stocks winning the AI spending spree. VRT's sales and EPS are soaring as the digital infrastructure firm keeps AI data centers running.Electrical construction and energy infrastructure stock EME is an under-the-radar AI winner. Investors aiming to buy into the artificial intelligence boom driving the economy and Wall Street for the foreseeable future might want to consider best-in-class, AI-boosted infrastructure stocks.
The two Zacks Rank #2 (Buy) stocks we explore today, Vertiv and EMCOR Group, have proven themselves to be big winners in the AI spending spree spanning everything from essential back-end data center technologies to critical energy and electricity infrastructure.
The two picks-and-shovels AI stocks are also rather AI agnostic. This means these proven AI infrastructure stocks will be winners no matter how the technologies evolve or which of the leading frontier models from Anthropic, OpenAI, Google, etc. come to dominate—and if open models continue to gain steam.
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VRT and EME shares have crushed the S&P 500 and the Zacks Technology sector over the past five years. Both stocks are projected to post double-digit earnings growth in 2026 and 2027.
Vertiv and EMCOR have pulled back from their peaks and are finding support heading into their second quarter earnings releases. VRT is set to report on Wednesday, July 29, with EME prepared to release its Q2 financials on Thursday, July 30.
Best Long-Term Buy and Hold Stocks: The AI Infrastructure Bull CaseDespite growing talks of an AI bubble, 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. Some of this money is going directly into the pockets of VRT and EME as they help build out the AI age.
Globally, companies will pour $7 trillion into data-center capex by 2030 (McKinsey), with $1.3 trillion aimed at energy. This backdrop makes sense considering that generative AI like ChatGPT uses 10X more energy than traditional Google searches, and large AI data centers can guzzle as much power as mid-sized cities.
Plus, the U.S. electricity grid was already desperate for investment before the AI boom pushed it to the brink—especially in AI data-center hubs.
AI growth, the reshoring of critical manufacturing such as semiconductors, electrification, and more are set to boost U.S. electricity demand 25% by 2030 and ~100% by 2050.
The explosive growth in AI demand is forcing hyperscalers and enterprises to pour hundreds of billions into power-hungry infrastructure, creating a powerful multi-year tailwind for companies that supply energy, chips, cooling systems, construction services, and more.
VRT: A Great Buy and Hold AI and Tech StockVertiv (VRT - Free Report) is one of the most surefire pick-and-shovels technology-heavy AI infrastructure stocks to buy. The company doubled its revenue between 2021 and 2025 and grew its GAAP EPS from $0.33 per share to $3.41 per share.
The dividend-paying tech stock has soared ~1,050% in the past three years to blow away Nvidia’s 360%. The company’s rapid growth helped it earn a spot in the S&P 500 in March.
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The Columbus, Ohio-based company provides critical digital infrastructure technologies that help AI data centers and beyond run as efficiently as possible around the clock.
Cutting-edge AI systems pack so many high-power GPUs into dense racks that traditional air cooling can no longer keep up, making VRT’s advanced liquid cooling portfolio essential to prevent overheating and maintain performance. It’s even working with AI chip powerhouse Nvidia (NVDA - Free Report) to help solve AI cooling challenges.
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Vertiv is actively expanding its manufacturing footprint to support “growing customer demand for AI, high-density computing, and other critical digital infrastructure applications.” It is projected to grow its adjusted EPS by 52% in 2026 and 34% in FY27, based on the most recent Zacks estimates, doubling its 2025 total in the process.
The chart above highlights its longer-term earnings upside. VRT is expected to grow its revenue by 34% in 2026 and 28% in 2027 to reach $17.64 billion, doubling 2024’s total.
Image Source: Zacks Investment Research
The proven AI infrastructure company’s upward earnings revisions land it a Zacks Rank #2 (Buy), and it has beaten our Zacks EPS estimates for over three years running. Vertiv outclimbed Nvidia over the past three years, and it's nearly neck and neck with it over the last five, up ~990%.
VRT could be ready for a larger pullback after its ~80% YTD climb, if it fails to hold the technical level highlighted above. But long-term investors should consider buying some shares now and then adding to their positions the next time Vertiv goes on sale because market timing is no easy task.
VRT reports before the market opens on Wednesday, July 29.
Buy this Under-the-Radar Picks-and-Shovels AI Stock NowElectrical construction and energy infrastructure stock EMCOR Group, Inc. (EME - Free Report) is profiting directly from the AI data center spending boom and the massive energy and infrastructure growth that's required to support the AI age and thriving growth economies.
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EMCOR is a standout provider of mechanical and electrical construction services, industrial and energy infrastructure, and building services. The company 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’s growth (especially its earnings) skyrocketed over the last five years after rather steady expansion the prior 20 years as it benefits from converging megatrends. The AI data center infrastructure company has a great balance sheet with near-zero debt, and its shareholders’ equity is soaring.
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The leading mechanical contractor averaged 13.5% YoY revenue expansion over the last five years, with its GAAP EPS skyrocketing from $7.06 per share in 2021 to $28.19 per share in 2025. EMCOR’s adjusted earnings are projected to climb 14% in 2026 and 12% in 2027, on 12% and 8%, respective sales growth. EME’s upward EPS revisions land it a Zacks Rank #2 (Buy).
EMCOR stock has ripped 520% higher in the past five years as part of a stellar market and sector-crushing run over the last 25 years (up ~6,900%). EME has dropped ~20% from its early May peaks, and its average Zacks price target implies 26% upside from its current level.
EME stock is attempting to find support at its long-term 50-week moving average after holding ground at its 200-day and a key technical range over the last year.
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The downturn, mixed with its strong earnings outlook, has EMCOR trading at 24.5X forward 12-month earnings, down significantly from its recent highs of 32X. On the valuation front, EME is trading neck and neck with its highly ranked Building Products - Heavy Construction industry, even though it has doubled that increasingly critical group of companies over the last decade.
EME reports before the market opens on Thursday, July 30.
Emcor Group (EME - Free Report) closed the most recent trading day at $760.27, moving +2.18% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.89%. At the same time, the Dow added 0.74%, and the tech-heavy Nasdaq gained 1.29%.
Coming into today, shares of the construction and maintenance company had lost 14.37% in the past month. In that same time, the Construction sector lost 7.42%, while the S&P 500 lost 0.63%.
The investment community will be closely monitoring the performance of Emcor Group in its forthcoming earnings report. The company is scheduled to release its earnings on July 30, 2026. The company is expected to report EPS of $7.23, up 7.59% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $4.73 billion, reflecting a 9.88% rise from the equivalent quarter last year.
EME's full-year Zacks Consensus Estimates are calling for earnings of $29.37 per share and revenue of $19.02 billion. These results would represent year-over-year changes of +13.53% and +11.97%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Emcor Group. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Emcor Group is carrying a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Emcor Group has a Forward P/E ratio of 25.34 right now. Its industry sports an average Forward P/E of 25.08, so one might conclude that Emcor Group is trading at a premium comparatively.
The Building Products - Heavy Construction industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 48, placing it within the top 20% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Investors in EMCOR Group, Inc. (EME - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the July 17, 2026 $360.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for EMCOR shares, but what is the fundamental picture for the company? Currently, EMCOR is a Zacks Rank #1 (Strong Buy) in the Building Products - Heavy Construction industry that ranks in the Top 15% of our Zacks Industry Rank. Over the last 60 days, our Zacks Consensus Estimate for the current quarter has moved from $7.37 per share to $7.44 in that period.
Given the way analysts feel about EMCOR right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Emcor Group (EME - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this construction and maintenance company have returned -10.4%, compared to the Zacks S&P 500 composite's +0.5% change. During this period, the Zacks Building Products - Heavy Construction industry, which Emcor Group falls in, has lost 9.5%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Emcor Group is expected to post earnings of $7.23 per share, indicating a change of +7.6% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $29.37 points to a change of +13.5% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $32.83 indicates a change of +11.8% from what Emcor Group is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Emcor Group is rated Zacks Rank #1 (Strong Buy).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Emcor Group, the consensus sales estimate for the current quarter of $4.73 billion indicates a year-over-year change of +9.9%. For the current and next fiscal years, $19.02 billion and $20.5 billion estimates indicate +12% and +7.8% changes, respectively.
Last Reported Results and Surprise HistoryEmcor Group reported revenues of $4.63 billion in the last reported quarter, representing a year-over-year change of +19.7%. EPS of $6.84 for the same period compares with $5.41 a year ago.
Compared to the Zacks Consensus Estimate of $4.22 billion, the reported revenues represent a surprise of +9.7%. The EPS surprise was +16.92%.
Over the last four quarters, Emcor Group surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Emcor Group is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Emcor Group. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.
In the latest trading session, Emcor Group (EME - Free Report) closed at $750.04, marking a -2.56% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.51% for the day. On the other hand, the Dow registered a loss of 0.2%, and the technology-centric Nasdaq decreased by 1.47%.
The stock of construction and maintenance company has fallen by 6.98% in the past month, lagging the Construction sector's loss of 4.14% and the S&P 500's gain of 0.53%.
The investment community will be closely monitoring the performance of Emcor Group in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $7.23, reflecting a 7.59% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $4.73 billion, indicating a 9.88% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $29.37 per share and a revenue of $19.02 billion, indicating changes of +13.53% and +11.97%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Emcor Group. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Currently, Emcor Group is carrying a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Emcor Group is currently trading at a Forward P/E ratio of 26.21. This represents no noticeable deviation compared to its industry average Forward P/E of 26.21.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 40, this industry ranks in the top 17% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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.
NORWALK, Conn.--(BUSINESS WIRE)--EMCOR Group, Inc. (NYSE: EME) announced today that it will release its financial results for the second quarter ended June 30, 2026, on Thursday, July 30, 2026, prior to the market open. In conjunction with this release, the Company will host an earnings conference call and webcast reviewing these results and its operations on Thursday, July 30, 2026, at 10:30 am EDT. The call will be hosted by Tony Guzzi, Chairman, President and Chief Executive Officer, Jason N.
