In the latest trading session, Emcor Group (EME - Free Report) closed at $647.66, marking a -1.93% move from the previous day. This change lagged the S&P 500's daily loss of 0.52%. At the same time, the Dow lost 1.24%, and the tech-heavy Nasdaq lost 0.21%.
Shares of the construction and maintenance company have depreciated by 12.18% over the course of the past month, underperforming the Construction sector's loss of 6.53%, and the S&P 500's loss of 1.21%.
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 report is set to go public on October 29, 2026. The company's earnings per share (EPS) are projected to be $8.33, reflecting a 26.79% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $5.2 billion, reflecting a 20.94% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $32.98 per share and a revenue of $20.31 billion, representing changes of +27.48% and +19.57%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Emcor Group. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% lower. Emcor Group presently features a Zacks Rank of #4 (Sell).
In terms of valuation, Emcor Group is currently trading at a Forward P/E ratio of 20.03. This expresses a premium compared to the average Forward P/E of 14.99 of its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. This group has a Zacks Industry Rank of 217, putting it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Key Takeaways Sterling leads EMCOR with faster earnings growth, a lower valuation and stronger year-to-date stock gains.Sterling's backlog surged 116% to $4.33 billion, while its 2026 EPS is projected to grow 84%.STRL trades at 15.09X forward earnings versus EMCOR's 18.13X, with a slightly higher ROIC of 28.86%. Sterling Infrastructure, Inc. (STRL - Free Report) and EMCOR Group, Inc. (EME - Free Report) are prominent players in the U.S. infrastructure and construction services market, benefiting from rising investments in data centers, advanced manufacturing and mission-critical facilities. Both companies are capitalizing on infrastructure modernization, expanding project pipelines and growing demand for specialized construction services.
Sterling focuses on E-Infrastructure, Transportation and Building Solutions, while EMCOR specializes in electrical and mechanical construction, industrial infrastructure and building services. Despite their different operating models, both are positioned to benefit from long-term infrastructure spending. With third-quarter 2026 earnings approaching, comparing their growth prospects, profitability, valuations and earnings expectations is particularly relevant.
Let's dive deep and closely compare the fundamentals of the two stocks to determine which one is a better investment now.
The Case for Sterling StockSterling continues to benefit from accelerating demand for mission-critical infrastructure, particularly data centers, semiconductor facilities and advanced manufacturing projects. Its E-Infrastructure Solutions business remains the primary growth engine, supported by strong organic expansion and strategic acquisitions.
In second-quarter 2026, Sterling's revenues surged 90% year over year to $1.17 billion, including approximately 50% organic growth. Adjusted earnings per share (EPS) increased 116% to $5.80, while adjusted EBITDA rose 104% to $256.7 million, reflecting strong execution and favorable project mix.
E-Infrastructure revenues increased 192%, supported by robust site development activity and contributions from the CEC and Stone Ridge acquisitions. Mission-critical projects accounted for 92% of the E-Infrastructure backlog, highlighting Sterling's increasing exposure to high-growth markets.
Sterling's signed backlog reached $4.33 billion, up 116% year over year, while combined backlog surged 150% to $5.62 billion. Including future-phase opportunities, the company's visible pool of potential work exceeded $7 billion, providing substantial multiyear growth visibility.
Supported by this momentum, Sterling raised its 2026 revenue guidance to $4-$4.15 billion and adjusted EPS guidance to $19.70-$20.30. The company is increasingly reallocating resources toward higher-margin E-Infrastructure projects, strengthening its profitability outlook.
However, challenges remain. Transportation Solutions revenues declined 20% in the second quarter, reflecting strategic resource reallocation, while Building Solutions revenues slipped 1% amid housing affordability pressures. Integration risks associated with acquisitions, project concentration and potential execution delays could also affect growth.
The Case for EMCOR StockEMCOR continues to capitalize on robust demand for electrical and mechanical construction services, particularly across data centers, manufacturing facilities, healthcare and institutional infrastructure. Its diversified operations, strong project execution and expanding backlog support sustained growth.
Second-quarter 2026 revenues increased 19.8% year over year to $5.15 billion, driven by 19.6% organic growth. EPS climbed 34.8% to $9.06, while operating income advanced 31.8% to $547.3 million. Operating margin expanded 100 basis points to 10.6%.
U.S. Electrical Construction revenues increased 24%, while U.S. Mechanical Construction revenues advanced 31.1%, reflecting strong demand for complex infrastructure projects. Building Services and Industrial Services also registered revenue growth, highlighting EMCOR's diversified demand base.
EMCOR's remaining performance obligations reached a record $17.14 billion, up 43.9% year over year, providing considerable revenue visibility. Its capabilities in prefabrication, virtual design and construction and skilled labor management further strengthen execution efficiency.
Management raised its 2026 revenue guidance to $20-$20.5 billion and EPS guidance to $32-$33.25. Strategic acquisitions and continued investment in specialized construction capabilities are expected to support future expansion.
Nonetheless, EMCOR faces challenges from skilled labor shortages, rising material costs, project execution risks and potential delays in customer spending. Its expanding acquisition portfolio also introduces integration risks. Moreover, maintaining recent margin improvements could become difficult if unfavorable project mix or cost pressures intensify.
STRL Outpaces EME in Year-to-Date Share Price PerformanceSterling shares have gained 21.7% year to date (YTD), outperforming EMCOR's 7.9% increase. Both stocks have exceeded the broader Zacks Construction sector's 5.4% decline. However, while Sterling has outperformed the S&P 500's 12.7% gain, EMCOR has lagged the benchmark. Other infrastructure companies, including Comfort Systems USA (FIX - Free Report) and Quanta Services (PWR - Free Report) , also compete for opportunities arising from rising infrastructure investments and expanding demand for mission-critical projects.
Sterling's stronger share price performance reflects greater investor confidence in its accelerated earnings growth, expanding backlog and increasing exposure to high-margin infrastructure projects.
STRL vs EME Price Performance (YTD)
Image Source: Zacks Investment Research
STRL Stock Offers a More Attractive ValuationOn a forward 12-month price-to-earnings (P/E) basis, Sterling trades at 15.09X, below EMCOR's 18.13X and the Zacks Construction sector's 16.99X.
Sterling's discounted valuation appears attractive considering its faster projected earnings growth and strong infrastructure demand. EMCOR's premium valuation suggests greater expectations for continued execution and profitability, potentially limiting upside if growth moderates.
STRL vs EME Valuation (P/E F12M)
Image Source: Zacks Investment Research
Both companies demonstrate strong capital efficiency. Sterling's trailing 12-month return on invested capital (ROIC) stands at 28.86%, marginally exceeding EMCOR's 28.24%. This suggests both generate attractive returns on invested capital, though Sterling holds a slight edge.
Sterling's combination of a lower earnings multiple, faster growth and marginally higher ROIC strengthens its relative investment appeal.
ROIC TTM (%)
Image Source: Zacks Investment Research
EPS Estimates Favor Sterling's Growth OutlookOver the past 60 days, the Zacks Consensus Estimate for Sterling's 2026 EPS has remained unchanged at $20.02, implying 84% year-over-year growth. The consensus revenue estimate suggests 65.7% growth.
For 2027, Sterling's EPS estimate has increased to $25.80, indicating 28.9% growth on projected revenue growth of 19.5%. The upward estimate revision reinforces confidence in its earnings outlook.
Sterling's EPS Estimate
Image Source: Zacks Investment Research
Meanwhile, the Zacks Consensus Estimates for EMCOR's 2026 and 2027 EPS have remained unchanged at $32.98 and $37.23, respectively, over the past 60 days. EMCOR's 2026 estimates indicate 27.5% EPS growth on 19.6% revenue growth. For 2027, earnings are projected to increase 12.9%, supported by 11% revenue growth.
EMCOR’s EPS Estimate
Image Source: Zacks Investment Research
Although both companies are expected to maintain earnings growth, Sterling's substantially stronger projections and positive 2027 estimate revision give it an advantage.
STRL or EME: Which Stock Is the Better Buy Now?Both Sterling and EMCOR benefit from strong infrastructure demand, expanding backlogs and exposure to mission-critical construction markets. EMCOR's diversified business model, substantial project pipeline and consistent profitability support its long-term prospects.
However, Sterling appears to offer better upside potential at current levels, supported by faster projected revenue and earnings growth, a more attractive valuation, stronger share price performance and slightly higher ROIC.
Sterling's growing E-Infrastructure exposure and upward 2027 EPS estimate revision further strengthen its investment case.
Importantly, Sterling currently carries a Zacks Rank #2 (Buy) compared with EMCOR's Zacks Rank #4 (Sell). Considering these factors, Sterling emerges as the more compelling investment choice for investors seeking exposure to infrastructure growth.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
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.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
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.
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.
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.
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.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
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?In terms of earnings estimate revisions for Emcor Group, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $32.98.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market 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 #3 (Hold) for Emcor Group. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Emcor Group.
Emcor Group (EME - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this construction and maintenance company have returned -3.8% over the past month versus the Zacks S&P 500 composite's +1.5% change. The Zacks Building Products - Heavy Construction industry, to which Emcor Group belongs, has lost 7.5% over this period. Now the key question is: Where could the stock be headed in the near term?
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 RevisionsHere 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.
Emcor Group is expected to post earnings of $8.33 per share for the current quarter, representing a year-over-year change of +26.8%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The consensus earnings estimate of $32.98 for the current fiscal year indicates a year-over-year change of +27.5%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $37.23 indicates a change of +12.9% 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 #2 (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 $5.2 billion indicates a year-over-year change of +20.9%. For the current and next fiscal years, $20.31 billion and $22.54 billion estimates indicate +19.6% and +11% changes, 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.
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 C on this front, indicating that it is trading at par with 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 #2 does suggest that it may outperform the broader market in the near term.
Key Takeaways EMCOR's U.S. Industrial Services revenues climbed 25.9% to $353.8 million in the second quarter of 2026.The segment returned to profitability, posting $9.6 million in operating income versus a $0.4 million loss.Higher turnaround activity, petrochemical project volume and progress on a large solar project drove growth.
EMCOR Group Inc. (EME - Free Report) is benefiting from demand for industrial field services, including maintenance, turnaround work and projects across petrochemical and other industrial markets. The pace of project activity and the ability to convert higher revenues into operating profits remain important factors for the segment's performance.
In the second quarter of 2026, EMCOR's U.S. Industrial Services revenues rose 25.9% year over year to $353.8 million. The segment returned to profitability, generating operating income of $9.6 million in contrast to a loss of $0.4 million in the prior-year quarter. Its operating margin improved to 2.7% from negative 0.1%, reflecting better profitability alongside higher revenues.
Higher turnaround activity and increased petrochemical project volume supported the segment's growth. Progress on a large solar project also contributed to activity. These drivers point to demand across several types of industrial work, although the available figures do not quantify each project's individual contribution to revenues or earnings.
The improvement in operating results provides a stronger starting point for the segment, but profitability remains an important consideration as activity expands. The difference between revenue growth and the operating margin shows why execution and cost control matter alongside project volume. Further progress will depend on the level and mix of industrial work and the segment's ability to translate that activity into operating income.
EMCOR's Industrial Services business has delivered stronger revenues and returned to operating profitability. The extent to which turnaround and petrochemical activity support further improvement will be an important factor in assessing the segment's performance.
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.
EME Stock’s Price Performance & Valuation TrendShares of this Connecticut-based infrastructure service provider have gained 19.7% year to date, outperforming the Zacks Building Products - Heavy Construction industry, the Zacks Construction sector and the S&P 500 Index.
EME Price Performance (YTD)
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 20.16, as evidenced by the chart below.
EME Valuation (P/E F12M)
Image Source: Zacks Investment Research
Earnings Estimate Revision of EMEEME’s earnings estimates for 2026 and 2027 have remained unchanged in the past 30 days at $32.98 and $37.23 per share, respectively. The estimates for 2026 and 2027 imply year-over-year growth of 27.5% and 12.9%, respectively.
Image Source: Zacks Investment Research
EMCOR stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Emcor Group (EME - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.
Emcor Group is a member of the Construction sector. This group includes 91 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Emcor Group is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for EME's full-year earnings has moved 12.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, EME has returned 19.7% so far this year. In comparison, Construction companies have returned an average of -3.7%. As we can see, Emcor Group is performing better than its sector in the calendar year.
One other Construction stock that has outperformed the sector so far this year is Jiangsu Expressway Co. (JEXYY - Free Report) . The stock is up 13.2% year-to-date.
The consensus estimate for Jiangsu Expressway Co.'s current year EPS has increased 1.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Emcor Group belongs to the Building Products - Heavy Construction industry, a group that includes 9 individual companies and currently sits at #165 in the Zacks Industry Rank. This group has lost an average of 2.5% so far this year, so EME is performing better in this area. Jiangsu Expressway Co. is also part of the same industry.
Investors interested in the Construction sector may want to keep a close eye on Emcor Group and Jiangsu Expressway Co. as they attempt to continue their solid performance.
Emcor Group (EME - Free Report) ended the recent trading session at $732.53, demonstrating a -1.72% change from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.33%. Meanwhile, the Dow gained 1.08%, and the Nasdaq, a tech-heavy index, added 0.08%.
The construction and maintenance company's stock has climbed by 0.8% in the past month, exceeding the Construction sector's loss of 3.95% and lagging the S&P 500's gain of 1.41%.
Market participants will be closely following the financial results of Emcor Group in its upcoming release. The company is expected to report EPS of $8.33, up 26.79% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $5.2 billion, reflecting a 20.94% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $32.98 per share and a revenue of $20.31 billion, signifying shifts of +27.48% and +19.57%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Emcor Group. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 remained unchanged. Emcor Group is currently sporting a Zacks Rank of #2 (Buy).
Looking at valuation, Emcor Group is presently trading at a Forward P/E ratio of 22.6. This valuation marks a premium compared to its industry average Forward P/E of 15.12.
The Building Products - Heavy Construction industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 170, positioning it in the bottom 31% of all 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
NORWALK, Conn.--(BUSINESS WIRE)--EMCOR Group, Inc. (NYSE: EME) announced today that it will release its financial results for the third quarter ended September 30, 2026, on Thursday, October 29, 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, October 29, 2026, at 10:30 am EDT. The call will be hosted by Tony Guzzi, Chairman, President and Chief Executive Office.
On October 14, 2026, EMCOR Group Inc EME shares fell 4.0% today, bringing the current price to $745.35. This decline occurs within a 52-week range of $564.92 to $951.96, highlighting recent volatility in the stock.
GF Value™ verdict: Current price is $745.35, compared to GF Value of $658.64, indicating the stock is 13.2% overvalued.GF Score™ of 94/100 (Strong), suggesting a solid overall performance relative to its peers.Insider activity shows a significant sell-off, with insiders selling $40.8M worth of shares over the past 12 months and no buying activity.Is EME Overvalued or Undervalued?With the current price of EMCOR Group Inc EME at $745.35, it is trading above its GF Value™ estimate of $658.64, reflecting a 13.2% overvaluation. The GF Value™ is GuruFocus' proprietary intrinsic-value assessment, which considers historical trading multiples, past business growth, and future performance projections. Given this valuation, there is a clear margin of safety issue, as potential investors may face risks if the stock price corrects toward its fair value estimate.
The GF Valuation label categorizes the stock as "Modestly Overvalued," indicating that investors may want to exercise caution due to the current price exceeding intrinsic value. This overvaluation suggests that the stock may not provide sufficient upside potential, especially in light of the recent insider selling that could signal internal concerns about future performance.
How Does EME's Valuation Compare to Its History?MetricCurrentHistoricalP/E (TTM)23.1x20.8xForward P/E20.0xN/AEMCOR's current P/E ratio of 23.1x is approximately 11% above its 5-year median P/E of 20.8x, indicating that the stock is trading at a premium compared to its historical valuation. This analysis aligns with the GF Value™ verdict of overvaluation, reinforcing the notion that the stock may be expensive relative to its earnings potential.
What Does EME's GF Score™ Tell Us?The GF Score™ measures a company's financial health, profitability, growth potential, valuation, and momentum relative to its industry peers. EMCOR Group Inc EME boasts a strong GF Score™ of 94/100, driven by its impressive growth rank of 10/10 and a solid profitability rank of 9/10, indicating robust earnings performance. However, its weakest sub-rank is financial strength, which received a 6/10 rating.
MetricRatingGF Score™94/100Financial Strength6/10Profitability9/10Growth10/10Valuation6/10Momentum8/10The combination of a high GF Score™ and strong growth and profitability ranks indicates that EMCOR has been performing well in its operational aspects. However, the financial strength rank suggests some caution, as it may raise concerns regarding the company's long-term sustainability in the event of market headwinds.
What Are Gurus and Insiders Doing with EME?Currently, 7 gurus hold shares of EMCOR Group Inc EME, with 2 gurus adding to their positions while 7 trimmed their holdings in recent quarters. This mixed signal from guru activity suggests that while some still see potential in the stock, others may be looking to reduce exposure, possibly in light of the stock's current valuation.
Moreover, insider activity has been notably bearish, with a total of $40.8M in shares sold over the past year and no buying activity reported. This trend can often indicate a lack of confidence from those closest to the company, as insiders typically purchase shares when they believe the stock is undervalued or positioned for growth.
What This Means for InvestorsIn conclusion, EMCOR Group Inc EME appears to be overvalued based on the GF Value™ estimate, which suggests that the stock price significantly exceeds its intrinsic value. Given the recent insider selling and high current P/E ratio compared to historical averages, potential investors may want to approach this stock with caution. For further insights, you can explore the EMCOR Group Inc (EME) stock page for more detailed analysis.
Frequently Asked QuestionsWhat is EME's GF Score™?
EMCOR Group Inc EME has a GF Score™ of 94/100, indicating a strong overall performance compared to its peers.
Is EME overvalued or undervalued?
EMCOR is overvalued, as its current price of $745.35 exceeds the GF Value™ estimate of $658.64 by 13.2%.
What is EME's P/E ratio?
The current P/E ratio for EMCOR is 23.1x, which is higher than its 5-year median of 20.8x, confirming its overvaluation status.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
Emcor Group (EME - Free Report) closed at $745.35 in the latest trading session, marking a -3.96% move from the prior day. The stock's change was less than the S&P 500's daily loss of 1.11%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 1.88%.
Coming into today, shares of the construction and maintenance company had gained 5.51% in the past month. In that same time, the Construction sector lost 3.55%, while the S&P 500 gained 2.06%.
The upcoming earnings release of Emcor Group will be of great interest to investors. On that day, Emcor Group is projected to report earnings of $8.33 per share, which would represent year-over-year growth of 26.79%. Our most recent consensus estimate is calling for quarterly revenue of $5.2 billion, up 20.94% from the year-ago period.
EME's full-year Zacks Consensus Estimates are calling for earnings of $32.98 per share and revenue of $20.31 billion. These results would represent year-over-year changes of +27.48% and +19.57%, respectively.
Any recent changes to analyst estimates for Emcor Group should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Emcor Group possesses a Zacks Rank of #2 (Buy).
Looking at valuation, Emcor Group is presently trading at a Forward P/E ratio of 23.53. This signifies a premium in comparison to the average Forward P/E of 15.78 for its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
EME's record backlog, rising data center demand and higher 2026 guidance support growth, but premium valuation and project execution risks warrant attention.
Key Takeaways EMCOR's five acquisitions expand its AI infrastructure and data center reach.The $750 million deals add $625 million in revenues and $105 million in EBITDA.EMCOR expects $250-$275 million in revenues during the second half of 2026. EMCOR Group (EME - Free Report) is strengthening its Electrical Construction business through five strategic acquisitions aimed at expanding its geographic presence, technical capabilities and exposure to high-growth markets, particularly artificial intelligence (AI) infrastructure and data centers.
The acquisitions include B&B Electric, Sidney Electric, Giles Electric, Schmidt Electric and Connelly Electric. Collectively, these businesses generated approximately $625 million in revenues and $105 million in EBITDA during the trailing 12 months ended June 2026. Their combined upfront purchase price is approximately $750 million.
Acquisitions Expand EMCOR's Data Center OpportunitiesB&B Electric strengthens EMCOR's industrial contracting capabilities in Wisconsin, while Sidney Electric enhances its presence in Ohio, particularly across industrial and healthcare markets. Giles Electric expands the company's reach into Florida's growing markets.
Schmidt Electric provides access to Central Texas and Austin, where EMCOR sees opportunities to leverage existing customer relationships to pursue data center projects. Similarly, Connelly Electric adds design-build expertise and strengthens EMCOR's positioning in Chicago's expanding data center market.
These acquisitions should support cross-selling, broaden customer relationships and enhance EMCOR's ability to undertake complex electrical projects across additional geographies.
Will Acquisitions Strengthen EMCOR's Growth Outlook?Management expects the five acquisitions to contribute $250-$275 million in revenues during the second half of 2026. However, acquisition-related intangible asset amortization and lower net interest income are expected to limit near-term EPS accretion.
The earnings contribution should improve as backlog amortization rolls off over the following 12-18 months.
Overall, these acquisitions strengthen EMCOR's long-term AI infrastructure prospects, although successful integration and project execution remain important to realizing their full benefits.
EME Faces Competition From Comfort Systems and Quanta ServicesComfort Systems USA (FIX - Free Report) is expanding its electrical and mechanical capabilities to capitalize on growing AI infrastructure and data center demand. Comfort Systems' acquisitions of Hunt Electric, Feyen Zylstra and Meisner Electric have strengthened its electrical contracting capabilities and geographic reach.
Comfort Systems reported 81.2% growth in Electrical segment revenues during the second quarter of 2026, supported by acquisitions and strong technology-sector demand. The company’s expanding electrical backlog and modular construction capabilities position it to pursue larger, more complex data center projects.
Quanta Services (PWR - Free Report) is also strengthening its position through strategic acquisitions. Quanta's acquisitions of Phalcon and Enerfab complement its existing electrical, mechanical and fabrication capabilities, developed through earlier transactions involving Cupertino Electric, Dynamic Systems and Tri-City Group.
Phalcon expands Quanta's electrical capabilities across the Northeast and Mid-Atlantic regions, supporting opportunities in data centers and mission-critical facilities. Quanta's integrated construction platform strengthens its competitive position in AI infrastructure development.
EME Stock’s Price Performance & Valuation TrendShares of this Connecticut-based infrastructure service provider have gained 28.1% year to date, outperforming the Zacks Building Products - Heavy Construction industry, the Zacks Construction sector and the S&P 500 Index.
EME Price Performance (YTD)
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 21.65, as evidenced by the chart below.
EME Valuation (P/E F12M)
Image Source: Zacks Investment Research
Earnings Estimate Revision of EMEEME’s earnings estimates for 2026 and 2027 have increased in the past 60 days at $32.98 and $37.23 per share, respectively. The estimates for 2026 and 2027 imply year-over-year growth of 27.5% and 12.9%, respectively.
Image Source: Zacks Investment Research
EMCOR stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Emcor Group (EME - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this construction and maintenance company have returned +4.3% over the past month versus the Zacks S&P 500 composite's +0.6% change. The Zacks Building Products - Heavy Construction industry, to which Emcor Group belongs, has lost 1.4% over this period. Now the key question is: Where could the stock be headed in the near term?
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 RevisionsHere 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.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Emcor Group is expected to post earnings of $8.33 per share, indicating a change of +26.8% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The consensus earnings estimate of $32.98 for the current fiscal year indicates a year-over-year change of +27.5%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $37.23 indicates a change of +12.9% from what Emcor Group is expected to report a year ago. Over the past month, the estimate has remained unchanged.
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 #2 (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 GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Emcor Group, the consensus sales estimate for the current quarter of $5.2 billion indicates a year-over-year change of +20.9%. For the current and next fiscal years, $20.31 billion and $22.54 billion estimates indicate +19.6% and +11% changes, 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.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
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 C on this front, indicating that it is trading at par with 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 #2 does suggest that it may outperform the broader market in the near term.
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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.
Earnings estimate revisions are very important, since investors also need to take into consideration what a company will earn in the future.
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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.
Four primary factors make up the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each is given a raw score that's recalculated every night and compiled into the Rank, and with this data, stocks are then 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.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks offer investors a great opportunity to get 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 49,500 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 2.37% to $786.61.
One analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.74 to $32.98. EME also boasts an average earnings surprise of 12.2%.
Additionally, EME's earnings are expected to grow 27.5% for the current fiscal year.
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EMCOR Group, Inc. (NYSE: EME) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.40 per common share. The dividend will be paid on October 30, 2026 to stockholders of record as of October 15, 2026.
A Fortune 500 company and a member of the S&P 500, EMCOR Group, Inc. is a leader in mechanical and electrical construction services, industrial and energy infrastructure and building services. This press release and other press releases may be viewed at the Company’s website at www.emcorgroup.com. EMCOR routinely posts information that may be important to investors on the landing page of the Company’s website and in the “Investor Relations” section of the website at www.emcorgroup.com/investor-relations. Investors and potential investors are encouraged to consult the EMCOR website regularly for important information about EMCOR.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261002253027/en/
NORWALK, Conn.--(BUSINESS WIRE)--EMCOR Group, Inc. (NYSE: EME) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.40 per common share. The dividend will be paid on October 30, 2026 to stockholders of record as of October 15, 2026. A Fortune 500 company and a member of the S&P 500, EMCOR Group, Inc. is a leader in mechanical and electrical construction services, industrial and energy infrastructure and building services. This press release and ot.
Key Takeaways EMCOR's Q2 revenues rose 19.8% to a record $5.15 billion, while EPS surged 34.8% to $9.06.EME's record $17.14 billion RPOs reflect strong demand across data centers and other key markets.Five electrical acquisitions add about $625 million in revenues and expand EMCOR's market capabilities. EMCOR Group, Inc. (EME - Free Report) is proving that being everywhere infrastructure dollars are flowing can be a powerful growth strategy. From AI data centers and high-tech manufacturing to water, healthcare and institutional projects, EMCOR’s broad end-market exposure is helping it capture multiple growth waves rather than rely on a single infrastructure cycle.
The momentum was evident in the second quarter of 2026, wherein revenues jumped 19.8% year over year to a record $5.15 billion, while operating income surged 31.8% to $547.3 million. Operating margin expanded 100 basis points to 10.6% and EPS (earnings per share) soared 34.8% to $9.06. Remaining Performance Obligations, or RPOs, reached a record $17.14 billion, up 43.9% year over year and 29% from December 2025. Network & Communications, Water & Wastewater, and Institutional and Healthcare were among the biggest contributors.
AI infrastructure remains a major engine. Customer spending on data centers and digital transformation is driving unprecedented activity in Network & Communications. But EMCOR’s growth story goes well beyond data centers. Water and wastewater, healthcare, institutional and manufacturing markets are also generating robust demand. EME is also using M&A to widen its reach. Five recently announced electrical acquisitions bring roughly $625 million in trailing-12-month revenues, $105 million in EBITDA and about 1,500 employees. The deals strengthen its presence across key markets while adding capabilities in data centers, manufacturing, healthcare and institutional projects.
Labor shortages, tariffs, supply-chain volatility and project-mix shifts remain risks. Still, EMCOR’s diversified demand base, technical expertise and acquisition strategy could make its broad market footprint a meaningful competitive advantage.
EMCOR, MasTec & Quanta: The Great Infrastructure Growth ShowdownEMCOR is positioned to benefit from sustained U.S. public infrastructure spending, alongside close market peers, including MasTec, Inc. (MTZ - Free Report) and Quanta Services, Inc. (PWR - Free Report) . But their exposure differs.
EME’s broad mix across electrical and mechanical construction, data centers, healthcare, water and wastewater, institutional and manufacturing markets provides multiple growth avenues. Meanwhile, MasTec’s $21.4 billion backlog reflects momentum across clean energy, power delivery, pipelines and communications, while Quanta’s broader utility and power infrastructure footprint targets grid modernization, transmission, generation and AI-driven electricity demand.
Quanta and MasTec offer deeper exposure to power infrastructure tied to AI, while EMCOR has a wider building-services and end-market mix. EME’s competitive edge is diversification, customer breadth and cross-trade capabilities, potentially reducing reliance on any single infrastructure cycle and supporting resilience across demand cycles.
Emcor Group (EME - Free Report) ended the recent trading session at $769.03, demonstrating a +1.93% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.2%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.04%.
The construction and maintenance company's shares have seen an increase of 2.76% over the last month, surpassing the Construction sector's loss of 4.65% and the S&P 500's loss of 0.35%.
The investment community will be paying close attention to the earnings performance of Emcor Group in its upcoming release. The company is expected to report EPS of $8.33, up 26.79% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $5.2 billion, indicating a 20.94% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $32.98 per share and a revenue of $20.31 billion, signifying shifts of +27.48% and +19.57%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Emcor Group. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 past month, there's been no change in the Zacks Consensus EPS estimate. Right now, Emcor Group possesses a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Emcor Group currently has a Forward P/E ratio of 22.88. This indicates a premium in contrast to its industry's Forward P/E of 16.17.
The Building Products - Heavy Construction industry is part of the Construction sector. With its current Zacks Industry Rank of 50, this industry ranks in the top 21% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Shares of EMCOR Group, Inc. (NYSE:EME – Get Free Report) have received a consensus rating of “Buy” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $965.86.
Several research analysts have recently issued reports on the company. DA Davidson set a $1,047.00 target price on EMCOR Group in a research report on Monday, August 10th. Cantor Fitzgerald dropped their price target on 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. Weiss Ratings cut EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 27th. UBS Group increased their price objective on EMCOR Group from $975.00 to $1,065.00 and gave the stock 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.
Read Our Latest Stock Analysis on EME
Institutional Investors Weigh In On EMCOR Group Several hedge funds have recently bought and sold shares of EME. QRG Capital Management Inc. grew its holdings in EMCOR Group by 0.8% in the second quarter. QRG Capital Management Inc. now owns 3,095 shares of the construction company’s stock worth $2,568,000 after purchasing an additional 25 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of EMCOR Group by 2.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,607 shares of the construction company’s stock valued at $2,164,000 after purchasing an additional 63 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of EMCOR Group by 3.6% during the second quarter. Sequoia Financial Advisors LLC now owns 3,142 shares of the construction company’s stock valued at $2,607,000 after purchasing an additional 110 shares during the last quarter. Tidal Investments LLC boosted its position in shares of EMCOR Group by 3.9% in the 2nd quarter. Tidal Investments LLC now owns 13,484 shares of the construction company’s stock worth $11,190,000 after purchasing an additional 505 shares in the last quarter. Finally, MCF Advisors LLC boosted its position in shares of EMCOR Group by 145.0% in the 2nd quarter. MCF Advisors LLC now owns 267 shares of the construction company’s stock worth $222,000 after purchasing an additional 158 shares in the last quarter. Institutional investors own 92.59% of the company’s stock. EMCOR Group Trading Down 1.0% Shares of EME opened at $754.43 on Thursday. EMCOR Group has a 1-year low of $564.92 and a 1-year high of $951.96. The firm’s 50-day moving average price is $771.47 and its 200-day moving average price is $799.45. The firm has a market capitalization of $33.28 billion, a price-to-earnings ratio of 23.47 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 (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 prior year, the firm earned $6.72 earnings per share. EMCOR Group’s revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. On average, research analysts forecast that EMCOR Group will post 32.98 EPS for the current fiscal year.
EMCOR Group Company Profile (Get Free Report)
EMCOR Group, Inc is a specialty construction and facilities services company headquartered in Norwalk, Connecticut. The company provides mechanical and electrical construction, building services, industrial services, energy infrastructure, and related maintenance solutions for commercial, industrial, institutional, governmental, and utility customers.
Its activities include designing and installing heating, ventilation, and air-conditioning systems; electrical power and communications infrastructure; plumbing and piping systems; fire protection; process systems; and building automation technologies.
Further Reading Five stocks we like better than EMCOR Group Deutsche Bank Makes a Contrarian Call on Netflix—What Does It Mean for Investors? O’Reilly Automotive’s Stock Slump Hides a Stronger Business McDonald’s Stock Slump Makes Its AI Pricing Bet Even Riskier Broadcom’s AI Growth Story Faces a $161 Billion Anthropic Test
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As opportunities grow, so do risks: OpenAI is pushing AI from answering prompts and questions to executing multi-step jobs in the background. That's likely a far bigger market than chatbots, but also a riskier one. OpenAI itself is holding back GPT-6.1 Astra over safety concerns.Where the money could flow: This could widen the AI opportunity while upending the software stack. More capable agents that run all day could drive more AI compute and networking demand. That’s good news for companies supplying computing power and AI infrastructure. Traditional software businesses, however, could feel the pinch as agents doing more of the work could mean fewer paid user logins.3. Defense Stocks Get Long-Range VisibilityA flurry of defense deals landed this week, and the biggest ones run for years. On Tuesday, L3Harris Technologies (LHX -0.52%) bagged a Lockheed Martin (LMT -1.14%) contract worth more than $6 billion over seven years to expand propulsion production for the Terminal High Altitude Area Defense (THAAD) system. It builds on an earlier agreement to quadruple THAAD propulsion output and a separate PAC-3 propulsion deal. A day earlier, RTX (RTX -0.38%) announced a Raytheon AMRAAM contract worth up to $20.7 billion. Tuesday also brought multiple counter-drone contracts.
Digging for multi-year orders: The Pentagon is signing off longer-term contracts rather than single orders. These orders cascade down the supply chain. THAAD's success, for example, spreads revenue beyond its prime contractor, lifting two order books with one missile system.More orders, longer runway: Multiyear deals give defense companies the confidence to invest in capacity and raise funds to support the growth. Allies are chipping in, and foreign budgets are becoming a steadier growth lever for American contractors. For defense investors, the key question revolves around execution. Companies that can ramp production while investing in next-generation defense systems should reap the rewards.4. Apple's Duo Debut Meets a Bigger India TestApple’s (AAPL -2.66%) first foldable, the $1,999 iPhone Duo, is set to sell about 6 million units this year, per Counterpoint Research. That's modest by Apple's usual standards, but IDC expects Apple’s entry into foldables to lift shipments by 13% this year. Without it, the market was headed for a decline.
iPhone skipped the China slump: Apple launched the new iPhone 18 Pro lineup without a base-model upgrade. It still sold well in China, and pushed Apple's market share to 33%. Chinese smartphone brands, meanwhile, are fighting a tough battle. Since July, China's weekly smartphone sales have trailed last year's by double digits.The India pricing power test: The case for Apple rests on charging more per iPhone and taking a cut of what users do on it. China just showed the first half still works. India will test the second. Apple Pay launched in India this week with one of the nation’s largest private-sector banks, Axis Bank. The card-based service enters a market long dominated by the state-backed UPI payment system. The key is to sign up those banks with a nice cut. Otherwise, India will add users for Apple, but little in services profit.5. High Voltage, Low DebtTeam Hidden Gems
Team Hidden Gems has a 5-year price prediction of $1,523.33 for EMCOR Group (EME -0.46%). That's roughly double today's $762, or a return of about 15% a year. We think EMCOR can get there because every extra dollar of sales brings in more profit than the last. Over the past three years, its earnings per share grew about 52% a year, more than triple its sales growth.
Let's start with what EMCOR does. It installs electrical, cooling, and plumbing systems inside data centers, hospitals, and factories, and the artificial intelligence buildout has been a boon for its data center work. We first recommended EMCOR in November 2024, back when Wall Street priced it as a sleepy builder, and shares are up nearly 70% since.
Smart with cash: Over the past 12 months, EMCOR earned about 26 cents on every dollar it invested in its business while carrying almost no debt. It put that cash toward acquiring five smaller companies in summer 2026, and together they bring in about $625 million a year.Booked and busy: EMCOR ended Q2 2026 with a record $17.1 billion backlog of signed work, up 44% from a year earlier on a wave of data center contracts. A big backlog pays off only when a contractor prices jobs smartly and finishes on budget. EMCOR proved it can do both in Q2, when nearly 11 cents of every dollar customers paid turned into profit from its core work.With data center demand still climbing and a finance team this sharp, we're happy to own EMCOR for the next five years and beyond.
6. Today’s Question!Which of the 10 predictions do you think is most likely to come true, and why?
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The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, EMCOR Group, L3Harris Technologies, Lockheed Martin, Meta Platforms, and RTX. The Motley Fool has a disclosure policy. Pre-market price and change as of 5am Eastern, versus previous day’s futures settle price for indexes and previous pre-market price for Bitcoin.
Energy Services of America (NASDAQ:ESOA – Get Free Report) and EMCOR Group (NYSE:EME – Get Free Report) are both industrials companies, but which is the better investment? We will contrast the two businesses based on the strength of their valuation, risk, earnings, analyst recommendations, dividends, institutional ownership and profitability.
Earnings and Valuation This table compares Energy Services of America and EMCOR Group”s revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Energy Services of America $467.37 million N/A N/A $0.18 60.60 EMCOR Group $16.99 billion 1.95 $1.27 billion $32.15 23.36 EMCOR Group has higher revenue and earnings than Energy Services of America. EMCOR Group is trading at a lower price-to-earnings ratio than Energy Services of America, indicating that it is currently the more affordable of the two stocks. Profitability This table compares Energy Services of America and EMCOR Group’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Energy Services of America N/A N/A N/A EMCOR Group 7.74% 35.49% 14.12% Dividends Energy Services of America pays an annual dividend of $0.16 per share and has a dividend yield of 1.4%. EMCOR Group pays an annual dividend of $1.60 per share and has a dividend yield of 0.2%. Energy Services of America pays out 87.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. EMCOR Group pays out 5.0% of its earnings in the form of a dividend. EMCOR Group has raised its dividend for 5 consecutive years.
Insider & Institutional Ownership 2.1% of Energy Services of America shares are held by institutional investors. Comparatively, 92.6% of EMCOR Group shares are held by institutional investors. 44.7% of Energy Services of America shares are held by company insiders. Comparatively, 0.7% of EMCOR Group shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Analyst Ratings This is a breakdown of current ratings and target prices for Energy Services of America and EMCOR Group, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Energy Services of America 0 2 2 0 2.50 EMCOR Group 0 1 7 1 3.00 Energy Services of America presently has a consensus price target of $22.50, suggesting a potential upside of 102.89%. EMCOR Group has a consensus price target of $965.86, suggesting a potential upside of 28.63%. Given Energy Services of America’s higher possible upside, analysts clearly believe Energy Services of America is more favorable than EMCOR Group.
Summary EMCOR Group beats Energy Services of America on 11 of the 15 factors compared between the two stocks.
(Get Free Report)
Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works. It also offers electrical and mechanical installation, and repair services, including substation and switchyard, site preparation, equipment setting, pipe fabrication and installation, packaged buildings, transformers, and other ancillary works for the gas, petroleum power, chemical, water and sewer, and automotive industries. In addition, the company provides corrosion protection services, horizontal drilling services, liquid pipeline and pump station construction, production facility construction, water and sewer pipeline installation, and various maintenance and repair services, as well as other services related to pipeline construction. Further, it serves customers primarily in West Virginia, Virginia, Ohio, Pennsylvania, and Kentucky. Energy Services of America Corporation was incorporated in 2006 and is based in Huntington, West Virginia.
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.
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Key Takeaways EMCOR's Q2 revenues rose 19.8% to $5.15 billion, with operating margin up 100 basis points to 10.6%.Gross margin improved 40 basis points, while lower SG&A intensity boosted profitability as revenues expanded.EME raised its full-year margin and EPS outlook following stronger profitability and improved cost absorption. EMCOR Group, Inc. (EME - Free Report) is benefiting from a cost structure that is scaling more efficiently as revenues expand. Stronger gross profit performance and tighter overhead management are allowing more revenues to flow through to operating income. This creates an important earnings lever as the business grows, with execution and cost discipline remaining central to maintaining the benefit.
In the second quarter of 2026, revenues increased 19.8% year over year to $5.15 billion. SG&A margin declined 50 basis points to 9.2%, supported by greater revenue absorption and a more efficient cost structure in parts of the business. Gross profit margin expanded 40 basis points to 19.8%, with the improvement driven particularly by Electrical Construction and Building Services. Building Services benefited from a more favorable project mix and improved execution, while restructuring actions lowered overhead costs within its site-based services businesses.
The combined benefit of stronger gross margins and lower SG&A intensity lifted operating margin to 10.6%, up 100 basis points year over year. The improvement shows that revenue growth is translating into higher profitability as fixed and overhead costs are spread across a larger business base. This provides a stronger earnings foundation for the remainder of the year.
The margin improvement also provides a basis for higher full-year expectations. EMCOR raised its operating margin forecast to 9.5-9.8% from 9-9.4%, while full-year earnings are now expected in the band of $32 to $33.25 per share, compared with the previous range of $28.25-$29.75. The higher guidance reflects the stronger profitability achieved in the quarter and the potential for improved cost absorption as revenues expand.
With gross margins improving alongside greater overhead efficiency, EMCOR is converting revenue growth into stronger operating profitability. Maintaining execution and cost discipline should remain important to supporting further profit growth as the company moves through the remainder of the year.
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.
EME Stock’s Price Performance & Valuation TrendShares of this Connecticut-based infrastructure service provider have gained 22.9% 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 20.83, as evidenced by the chart below.
Image Source: Zacks Investment Research
Earnings Estimate Revision of EMEEME’s earnings estimates for 2026 and 2027 have remained unchanged in the past 30 days at $32.98 and $37.23 per share, respectively. The estimates for 2026 and 2027 imply year-over-year growth of 27.5% 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.
In the latest trading session, Emcor Group (EME - Free Report) closed at $757.71, marking a +1.02% move from the previous day. The stock lagged the S&P 500's daily gain of 1.49%. Meanwhile, the Dow gained 0.71%, and the Nasdaq, a tech-heavy index, added 2.26%.
Coming into today, shares of the construction and maintenance company had lost 3.42% in the past month. In that same time, the Construction sector lost 8.95%, while the S&P 500 gained 0.1%.
Investors will be eagerly watching for the performance of Emcor Group in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $8.33, reflecting a 26.79% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $5.2 billion, indicating a 20.94% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $32.98 per share and a revenue of $20.31 billion, signifying shifts of +27.48% and +19.57%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Emcor Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Emcor Group is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, Emcor Group is currently trading at a Forward P/E ratio of 22.74. This expresses a premium compared to the average Forward P/E of 17.18 of its industry.
The Building Products - Heavy Construction industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 65, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within 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.
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 -3.4% over the past month versus the Zacks S&P 500 composite's -1.3% change. The Zacks Building Products - Heavy Construction industry, to which Emcor Group belongs, has lost 15.2% over this period. Now the key question is: Where could the stock be headed in the near term?
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.
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.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Emcor Group is expected to post earnings of $8.33 per share for the current quarter, representing a year-over-year change of +26.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -0%.
For the current fiscal year, the consensus earnings estimate of $32.98 points to a change of +27.5% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $37.23 indicates a change of +12.9% 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).
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 $5.2 billion for the current quarter points to a year-over-year change of +20.9%. The $20.31 billion and $22.54 billion estimates for the current and next fiscal years indicate changes of +19.6% and +11%, 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.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
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.
Key Takeaways EMCOR Group's record $17.14 billion RPOs reflect rising demand for AI data center infrastructure.Quanta Services' backlog reached $53.4 billion, driven by AI data centers and infrastructure programs.Caterpillar expects power generation growth as generative AI supports data center build-outs. The artificial intelligence (AI)-powered data center industry is booming backed by an extremely bullish demand scenario. AI-led data centers are generating huge demand for various industries in the broader information technology sector, heavy construction, industrial and manufacturing, and electric power generation sector, to name a few.
Here, we have narrowed our search to three stocks from the heavy construction, engineering and machinery industries that have been immensely benefiting from the AI data center boom. These are: EMCOR Group Inc. (EME - Free Report) , Quanta Services Inc. (PWR - Free Report) and Caterpillar Inc. (CAT - Free Report) . Each of our picks currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Stock Selection CriteriaThese stocks have rallied more than 19% year to date. However, in the past month, these stocks have provided negative returns. Moreover, each of these picks is trading at a significant discount to their 52-week high price attained this year.
Finally, these stocks have solid short-term price upside potential and their robust business model, industry-leading product portfolio, strong order backlog and guidance will ensure the northward journey of these stock prices in 2027 and beyond.
The chart below shows the price performance of our three picks year to date.
Image Source: Zacks Investment Research
The chart below shows the price performance of our three picks in the past month.
Image Source: Zacks Investment Research
EMCOR Group Inc.EMCOR Group is a leading provider of critical infrastructure to AI-powered data centers. EME stands to benefit from rising demand for mission-critical electrical, mechanical and building systems as AI data centers require massive power and cooling investments.
EME is gaining solid traction in the fast-growing AI-data center construction market, which has become an important contributor to its expanding remaining performance obligations (RPOs). EME is actively building on its expertise to manage complex AI-powered data center projects that involve diverse customer needs.
Strong Estimate RevisionsEMCOR Group has an expected revenue and earnings growth rate of 19.6% and 27.5%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 12.3% over the last 60 days.
EME has an expected revenue and earnings growth rate of 11% and 12.9%, respectively, for the next year. The Zacks Consensus Estimate for the next year’s earnings has improved 13% over the last 60 days.
Image Source: Zacks Investment Research
Solid Short-Term Price UpsideThe short-term average price target of brokerage firms represents an increase of 41.7% from the last closing price of $729.26. The brokerage target price is currently in the range of $885-$1,200. This indicates a maximum upside of 64.6% and no downside.
EMECOR Group has rallied 19.2% year to date. However, the stock is currently trading at a discount of 23.4% from its 52-week high of $951.96 posted on May 6, 2026.
Robust Long-Term PotentialAs of June 30, 2026, RPOs, or contracted work yet to be recognized as revenue, reached a record $17.14 billion, up 43.9% year over year from $11.91 billion and 29.3% from $13.25 billion at year-end 2025.
EME’s acquired businesses also provide opportunities to enter AI-powered data center projects through existing customer relationships and technical expertise, while continued investment in AI infrastructure, digital transformation, healthcare, manufacturing, logistics and water-related projects should support the company’s project pipeline and create multiple avenues for long-term growth.
Image Source: Zacks Investment Research
Quanta Services Inc.Quanta Services is well-positioned to capitalize on robust infrastructure spending across utility, power generation, technology and load center markets. The ongoing expansion of AI data centers, grid modernization, renewable generation and advanced manufacturing is driving customers to undertake larger, multiyear infrastructure programs.
Surging AI-related power demand and expanding utility investments are driving data center project opportunities, making data centers a central pillar of PWR’s long-term growth strategy. The company is heavily investing in deepening its vertical supply chain to offset the ongoing global uncertainties and rising inflation.
Strong Estimate RevisionsQuanta Services has an expected revenue and earnings growth rate of 38.4% and 53%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 1.3% over the last seven days.
PWR has an expected revenue and earnings growth rate of 14.7% and 15.8%, respectively, for the next year. The Zacks Consensus Estimate for the next year’s earnings has improved 1.3% over the last seven days.
Image Source: Zacks Investment Research
Solid Short-Term Price UpsideThe short-term average price target of brokerage firms represents an increase of 30.8% from the last closing price of $616.54. The brokerage target price is currently in the range of $690-$976. This indicates a maximum upside of 58.3% and no downside.
Quanta Services has jumped 46.1% year to date. However, the stock is currently trading at a discount of 21.8% from its 52-week high of $788.75 posted on May 6, 2026.
Robust Long-Term PotentialFavorable trends in AI data centers helped drive total backlog to a record $53.4 billion as of June 30, 2026, up 49% year over year from $35.8 billion in June 2025. The increase was broad-based, with Electric Infrastructure Solutions backlog rising year over year to $43.8 billion from $30.3 billion, while Underground and Infrastructure Solutions backlog climbed to $9.7 billion from $5.6 billion.
PWR’s acquisition strategy is creating another growth avenue while complementing organic opportunities. Acquisitions of Phalcon, Enerfab, Percheron and PSD expand its electrical, mechanical, fabrication, engineering and front-end capabilities while broadening exposure to AI-powered data centers, power generation, advanced manufacturing, utilities and other critical infrastructure.
Image Source: Zacks Investment Research
Caterpillar Inc.Caterpillar is gaining from rising AI data-center-related power demand. As big technology companies establish data centers globally to support their generative AI applications, CAT is witnessing robust order levels for reciprocating engines for data centers.
CAT expects full-year 2026 power generation growth in both reciprocating engines and Solar Turbines as cloud computing and generative AI support data-center build-outs. The company continues to add capacity against this multi-year opportunity.
Strong Estimate RevisionsCaterpillar has an expected revenue and earnings growth rate of 17.4% and 43.6%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 1.5% over the last 30 days.
CAT has an expected revenue and earnings growth rate of 10.9% and 20.5%, respectively, for the next year. The Zacks Consensus Estimate for next year’s earnings has improved 1.1% over the last 30 days.
Image Source: Zacks Investment Research
Solid Short-Term Price UpsideThe short-term average price target of brokerage firms represents an increase of 26.4% from the last closing price of $798.57. The brokerage target price is currently in the range of $882-$1,225. This indicates a maximum upside of 53.4% and no downside.
Caterpillar has surged 39.4% year to date. However, the stock is currently trading at a discount of 25.6% from its 52-week high of $1,073.46 posted on June 30, 2026.
Robust Long-Term PotentialCAT’s long-term plan calls for large reciprocating engine capacity nearly three times the 2024 levels and Power Generation sales more than three times the 2024 levels by 2030. It is also restarting a 10-megawatt gas reciprocating engine platform, adding about 1.5 gigawatts of capacity with shipments expected from fourth-quarter 2026.
Caterpillar continues to invest in digital capabilities, connected assets, services and more productive equipment to deepen customer relationships beyond new-machine sales. The company targets services revenues of $30 billion by 2030, up from $24 billion in 2025. CAT is also extending its digital and AI capabilities through Cat AI Assistant, its expanded collaboration with NVIDIA Corp. (NVDA - Free Report) , RPMGlobal and Skycatch.
EMCOR Group, Inc. (EME) Morgan Stanley's 14th Annual Laguna Conference September 17, 2026 10:45 AM EDT
Company Participants
Anthony Guzzi - Chairman, President & CEO
Jason Nalbandian - Senior VP, CFO & Chief Accounting Officer
Conference Call Participants
Stefan Diaz - Morgan Stanley, Research Division
Presentation
Stefan Diaz
Morgan Stanley, Research Division
All right. Good morning, everybody. My name is Stefan Diaz, machinery and construction analyst here at Morgan Stanley. We're really excited today to have EMCOR Group here. Tony Guzzi, Chairman, President and CEO; and Jason Nalbandian, SVP and CFO. But before we begin, I just have a quick disclosure to read. For important disclosures, please see Morgan Stanley research disclosure website at www.morganstanley.com/researchdisclosures. If you have any questions, please reach out to your Morgan Stanley sales representative.
Question-and-Answer Session
Stefan Diaz
Morgan Stanley, Research Division
So great. Tony, maybe for the investors listening on the phone, the investors in the room who aren't quite familiar with EMCOR and what you all do, if you could just please give them a quick rundown of the company.
Anthony Guzzi
Chairman, President & CEO
Sure. I mean when you think of EMCOR, we actually do the work. So we are a specialty trade contractor. We primarily put in mechanical and electrical systems and then we fix them and help maintain them. We do that across a variety of sectors. We are pretty well diversified from health care to the institutional sector, commercial, water and wastewater, transportation, of course, why 90% of the room is here today. We also are probably -- you never know that private companies doing this. We are probably the largest specialty trade contractor mechanically and electrically serving the data center market. And we do that in just about every major data center market there is. And we can get into specifics in the Q&A.
Bank of America Corp DE acquired a new stake in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 340,421 shares of the construction company’s stock, valued at approximately $282,509,000. Bank of America Corp DE owned about 0.77% of EMCOR Group as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of EMCOR Group in the second quarter valued at approximately $3,416,412,000. Geode Capital Management LLC raised 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 acquiring an additional 7,790 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of EMCOR Group by 34.5% during the 4th 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 last quarter. Norges Bank purchased a new stake in shares of EMCOR Group in the fourth quarter valued at $389,702,000. Finally, First Trust Advisors LP raised its stake in EMCOR Group by 7.3% in the 1st quarter. First Trust Advisors LP now owns 630,406 shares of the construction company’s stock valued at $465,435,000 after purchasing an additional 42,949 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.
EMCOR Group Stock Up 0.6% Shares of EME stock opened at $739.84 on Thursday. EMCOR Group, Inc. has a fifty-two week low of $564.92 and a fifty-two week high of $951.96. The stock has a 50-day simple moving average of $773.25 and a 200 day simple moving average of $797.31. The stock has a market capitalization of $32.63 billion, a P/E ratio of 23.01 and a beta of 1.13.
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 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 during the quarter, compared to analysts’ expectations of $4.71 billion. During the same period last year, the firm posted $6.72 earnings per share. The firm’s revenue for the quarter 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 32.98 earnings per share for the current year. EMCOR Group Dividend Announcement 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 $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.2%. The ex-dividend date was Wednesday, July 15th. EMCOR Group’s dividend payout ratio is currently 4.98%.
Analyst Upgrades and Downgrades EME has been the topic of a number of recent analyst reports. Cantor Fitzgerald reduced their price target 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. Zacks Research upgraded EMCOR Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. DA Davidson set a $1,047.00 price target on shares of EMCOR Group in a report on Monday, August 10th. Weiss Ratings downgraded shares of EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Finally, UBS Group boosted 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $965.86.
Get Our Latest Analysis on EMCOR Group
EMCOR Group Profile (Free Report)
EMCOR Group, Inc is a specialty construction and building services company headquartered in Norwalk, Connecticut. Through its operating companies, EMCOR provides electrical and mechanical construction services for commercial, industrial, institutional and government facilities.
The company’s services include electrical power and communications systems, heating, ventilation and air-conditioning systems, plumbing, process and industrial piping, building automation, energy infrastructure, fire protection and transportation systems.
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Key Takeaways EMCOR's five acquisitions generated $625 million in revenues and $105 million in EBITDA.Schmidt expands Texas operations, while B&B and Connelly add capabilities across other key markets.The deals add technical expertise, design-build skills and prefabrication techniques to EMCOR's platform. EMCOR Group, Inc. (EME - Free Report) is using acquisitions to add capabilities to existing businesses while expanding its presence in selected geographic markets. The approach centers on Mechanical and Electrical Construction, along with Mechanical Services, where acquired operations can be combined with established EMCOR businesses. This allows the company to build on existing customer relationships and add specialized capabilities rather than moving into areas outside its core expertise.
The scale of the latest acquisition group provides a meaningful addition to the business. Five acquired companies generated $625 million of revenues and $105 million of EBITDA over the 12 months ended June 30. EMCOR expects these businesses to contribute $250 million to $275 million of revenues in the second half of 2026. Schmidt Electric and Connelly Electric account for about 75% of the aggregate revenues and EBITDA represented by the five acquisitions.
Geographic expansion is another important part of the strategy. B&B adds a presence in Wisconsin and brings industrial capabilities, while Schmidt expands EMCOR’s position in Texas, including Austin, San Antonio and Houston. Connelly adds capabilities across Northwest Indiana, Illinois and the southern Chicago suburbs, complementing existing operations in the region. The acquisitions also bring technical expertise, design-build capabilities and prefabrication techniques that can be applied across EMCOR’s broader platform.
The strategy also gives EMCOR flexibility to build scale through both larger standalone acquisitions and smaller additions to existing subsidiaries. The company has indicated that acquired businesses can grow faster than the broader organization as capabilities, customer relationships and geographic coverage are combined. Near-term earnings contribution from the latest deals is moderated by acquisition-related backlog amortization, while that impact is expected to decline over the following 12-18 months.
With meaningful revenues already coming from the acquired businesses and additional contributions expected in the second half, EMCOR’s acquisition strategy is adding both scale and capabilities. The geographic additions and technical expertise also expand the company’s ability to serve existing customers across more markets while creating opportunities to build on its established operating platform.
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.
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 20.46, 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 60 days to $32.98 and $37.23 per share, respectively. The revised estimates for 2026 and 2027 imply year-over-year growth of 27.5% 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.
Emcor Group (EME - Free Report) closed at $748.55 in the latest trading session, marking a -4.11% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.48%. Meanwhile, the Dow lost 0.29%, and the Nasdaq, a tech-heavy index, lost 0.56%.
Coming into today, shares of the construction and maintenance company had lost 6.65% in the past month. In that same time, the Construction sector lost 8.85%, while the S&P 500 lost 0.82%.
The investment community will be paying close attention to the earnings performance of Emcor Group in its upcoming release. On that day, Emcor Group is projected to report earnings of $8.31 per share, which would represent year-over-year growth of 26.48%. Simultaneously, our latest consensus estimate expects the revenue to be $5.21 billion, showing a 21.04% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $33.04 per share and revenue of $20.32 billion. These totals would mark changes of +27.72% and +19.64%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Emcor Group. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. 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 23.63. Its industry sports an average Forward P/E of 18.28, 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. 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 gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
NORWALK, Conn.--(BUSINESS WIRE)--EMCOR Group, Inc. (NYSE: EME) announced today that Tony Guzzi, Chairman, President, and Chief Executive Officer, Jason Nalbandian, Senior Vice President and Chief Financial Officer, and Lucas Sullivan, Director, Financial Planning & Analysis, will participate in the following investor event. Morgan Stanley 14th Annual Laguna Conference Date: Thursday, September 17, 2026 Location: Dana Point, CA Presentation Time: 10:45 a.m. EDT Click here for live webcast (a.
EMCOR Group, Inc. (NYSE: EME) announced today that Tony Guzzi, Chairman, President, and Chief Executive Officer, Jason Nalbandian, Senior Vice President and Chief Financial Officer, and Lucas Sullivan, Director, Financial Planning & Analysis, will participate in the following investor event.
Morgan Stanley 14th Annual Laguna Conference
Date: Thursday, September 17, 2026
Location: Dana Point, CA
Presentation Time: 10:45 a.m. EDT
Click here for live webcast (audio only)
Interested investors should contact their Morgan Stanley representative directly to schedule a meeting. The presentation and discussion will be available via live audio webcast on the Home Page of the Company’s website at http://www.emcorgroup.com and archived for replay through October 17, 2026.
Prior to the event, a copy of the Company’s most recent investor presentation will be available in the Investor Relations section of the Company’s website, under “Presentations”.
About EMCOR
A Fortune 500 company and a member of the S&P 500, EMCOR Group, Inc. is a leader in mechanical and electrical construction services, industrial and energy infrastructure and building services. This press release and other press releases may be viewed at the Company’s website at www.emcorgroup.com. EMCOR routinely posts information that may be important to investors on the landing page of the Company’s website and in the “Investor Relations” section of the website at www.emcorgroup.com/investor-relations. Investors and potential investors are encouraged to consult the EMCOR website regularly for important information about EMCOR.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260911470913/en/
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Key Takeaways EMCOR posted 19.6% organic growth in Q2 2026, with first-half organic growth reaching 18.3%.Data centers led growth as Electrical Construction rose 24% and Mechanical Construction topped 31%.EMCOR's RPOs hit a record $17.14 billion, up 44% year over year, with 95% of growth organic. EMCOR Group, Inc. (EME - Free Report) is benefiting from robust demand across its construction and services portfolio, with data centers emerging as a particularly powerful growth engine. In the second quarter of 2026, revenues increased 19.8% year over year to a record $5.15 billion. More importantly, revenues rose 19.6% organically after excluding acquisition contributions and adjusting for the sale of EMCOR’s U.K. operations. Organic growth for the first six months was also strong at 18.3%, indicating that the momentum extends beyond a single quarter.
Data centers remain the biggest growth driver. Electrical Construction revenues climbed 24%, with Network and Communications revenues up 45%, while Mechanical Construction revenues rose more than 31% as Network and Communications more than doubled. Higher cooling requirements, AI infrastructure investment and geographic expansion are creating additional opportunities across both businesses.
Perhaps the strongest indicator of continued growth is EMCOR’s record remaining performance obligations (RPO). RPOs reached $17.14 billion at the end of June, up 44% year over year, 29% from December and 10% sequentially despite the company’s rapid revenue conversion. Notably, 95% of the RPO growth was organic. Bookings were strong not only in data centers but also across water and wastewater, healthcare and institutional markets, providing substantial visibility into future activity.
Management raised 2026 revenue guidance to $20-$20.5 billion from $18.5-$19.25 billion, citing sustained demand, large-scale project wins and strong execution. While maintaining nearly 20% organic growth into 2027 may be difficult against tougher comparisons, EMCOR’s record organic backlog growth, expanding AI-related demand and diversified end-market strength suggest that elevated organic growth can remain a key driver next year.
EMCOR, Sterling & Quanta: Positioned for Infrastructure GrowthEMCOR, alongside other major infrastructure players like Sterling Infrastructure, Inc. (STRL - Free Report) and Quanta Services, Inc. (PWR - Free Report) , is positioned to benefit from sustained investment in data centers, power infrastructure and other mission-critical projects.
EMCOR’s growth profile is supported by broad exposure across data centers, water and wastewater, healthcare, institutional and manufacturing markets, with record RPOs providing strong visibility into future activity. In the second quarter of 2026, Sterling saw particularly strong momentum in E-Infrastructure, where revenues surged 192% as data centers and semiconductor campuses drove demand. Its signed backlog reached $4.3 billion, while total visibility across signed backlog, unsigned awards and future-phase opportunities exceeded $7 billion.
In the second quarter of 2026, Quanta benefited from broad-based organic strength across utility, technology and large-load markets. The company reported a record backlog of $53 billion and said larger utility, generation and technology programs are still in the early stages. Its expanding self-perform capabilities, craft-skilled workforce and growing exposure to hyperscalers strengthen its ability to capture multiyear opportunities.
EME Stock’s Price Performance & Valuation TrendShares of this Connecticut-based infrastructure service provider have gained 22.3% year to date, outperforming the Zacks Building Products - Heavy Construction industry, the broader 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 20.85, as evidenced by the chart below.
EME Valuation
Image Source: Zacks Investment Research
Earnings Estimate Revision of EME StockEME’s earnings estimates for 2026 and 2027 have moved upward in the past 60 days. The estimates for 2026 and 2027 imply year-over-year growth of 27.7% and 12.4%, respectively.
Image Source: Zacks Investment Research
EME’s Zacks RankEMCOR stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Allworth Financial LP lowered its holdings in shares of EMCOR Group, Inc. (NYSE:EME – Free Report) by 22.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,043 shares of the construction company’s stock after selling 1,194 shares during the period. Allworth Financial LP’s holdings in EMCOR Group were worth $3,355,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in EME. Swiss RE Ltd. bought a new position in EMCOR Group during the 4th quarter valued at approximately $25,000. Ascentis Independent Advisors purchased a new stake in shares of EMCOR Group in the first quarter worth $27,000. NBH Bank bought a new position in shares of EMCOR Group during the second quarter valued at $27,000. Zions Bancorporation National Association UT bought a new position in EMCOR Group in the 4th quarter worth about $28,000. Finally, Basecamp Wealth Advisors LLC grew its position in EMCOR Group by 4,700.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 48 shares of the construction company’s stock valued at $35,000 after purchasing an additional 47 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.
EMCOR Group Stock Down 0.6% EMCOR Group stock opened at $749.49 on Friday. The business has a 50-day simple moving average of $775.20 and a two-hundred day simple moving average of $798.42. The company has a market cap of $33.06 billion, a P/E ratio of 23.31 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.
EMCOR Group (NYSE:EME – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The construction company reported $9.06 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $4.71 billion. During the same quarter in the prior year, the business earned $6.72 EPS. The business’s quarterly revenue was up 19.7% on a year-over-year basis. EMCOR Group has set its FY 2026 guidance at 32.000-33.250 EPS. Research analysts anticipate that EMCOR Group, Inc. will post 33.04 EPS for the current fiscal year. EMCOR Group Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, July 15th. EMCOR Group’s dividend payout ratio is 4.98%.
Wall Street Analysts Forecast Growth Several research analysts have issued reports on EME shares. Weiss Ratings cut shares of EMCOR Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 27th. Cantor Fitzgerald lowered 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 report on Monday, August 10th. Oppenheimer lifted their target price on EMCOR Group from $1,100.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. UBS Group upped their price target on 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 equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $965.86.
Get Our Latest Report on EMCOR Group
Insider Activity at EMCOR Group In related news, Director Carol Lowe sold 950 shares of the firm’s 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 transaction, the director directly owned 17,278 shares of the company’s stock, valued at approximately $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 can be accessed through this link. 0.73% of the stock is owned by company insiders.
EMCOR Group Company Profile (Free Report)
EMCOR Group, Inc is a specialty construction and building services company headquartered in Norwalk, Connecticut. Through its operating companies, EMCOR provides electrical and mechanical construction services for commercial, industrial, institutional and government facilities.
The company’s services include electrical power and communications systems, heating, ventilation and air-conditioning systems, plumbing, process and industrial piping, building automation, energy infrastructure, fire protection and transportation systems.
See Also Five stocks we like better than EMCOR Group AeroVironment’s Record Backlog and Earnings Beat Fuel Recovery Case Corning Just Locked In a Massive Verizon Fiber Deal as AI Infrastructure Expands 3 Under-$20 Stocks Tied to the Future of U.S. Energy and Materials Uncle Sam’s Quantum Leap: Feds Fund a $300M Quantum Supercycle Want to see what other hedge funds are holding EME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EMCOR Group, Inc. (NYSE:EME – Free Report).
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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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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?
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