EMCOR Group, Inc. (NYSE:EME) is reporting third quarter financial results on Thursday 29th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, EME is expected to report 3Q20 income of $ 1.25 per share from revenue of $ 2111.76 million.
For the full year, analysts anticipate top line of $ 8669.77 million, while looking forward to income of $ 5.37 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 8,600.00 million ~ $ 8,700.00 million, where as bottomline are predicted in a range of $ 5.00 ~ $ 5.50 per share
Click Here For More Historical Outlooks Of EMCOR Group, Inc.
Previous Quarter Performance
EMCOR Group, Inc. came out with income for the second quarter of $ 1.44 per share, from the revenue of $ 2,014.00 million. The quarterly earnings shrunk 3.36 percent while revenues fell 13.35 percent compared with the same quarter last year.
According to street consensus, EME was expected to report 2Q20 income of $ 0.89 per share from revenue of $ 2046.18 million. The bottom line results beat street analysts by $ 0.55 or 61.80 percent, at the same time, top line results fell short of analysts by $ 32.18 million or 1.57 percent.
Stock Performance
Shares of EMCOR Group, Inc. traded low $ -2.58 or -3.88 percent on Wednesday, reaching $ 63.97 with volume of 419.20 thousand shares. EMCOR Group, Inc. has traded high as $ 65.15 and has cracked $ 63.69 on the downward trend
According to the previous trading day, closing price of $ 63.97, representing a 59.02 % increase from the 52 week low of $ 41.85 and a 28.56 % decrease over the 52 week high of $ 93.16.
The company has a market capital of $ 3.51 billion and is part of the Industrials sector and Engineering & Construction industry.
Conference Call
EMCOR Group, Inc. will be hosting a conference call at 10:30 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.emcorgroup.com
EMCOR Group, Inc. provides electrical and mechanical construction, and facilities services in the United States. The company designs, integrates, installs, starts-up, operates, and maintains electric power transmission and distribution systems; premises electrical and lighting systems; process instrumentation in the refining, chemical and food processing, and mining industries; low-voltage, voice and data communications, fire protection, water and wastewater treatment, controls and filtration, central plant heating and cooling, plumbing, process, and piping systems; roadway and transit lighting, and fiber-optic lines; and heating, ventilation, air conditioning, refrigeration, and clean-room process ventilation systems, as well as offers crane, rigging, and millwright; and steel fabrication, erection, and welding services.
