EMCOR (EME) Q2 Earnings: What To Expect

EMCOR (EME) Q2 Earnings: What To Expect

Specialty construction contractor company EMCOR (NYSE:EME) will be reporting results tomorrow before market open. Here's what investors should know.

EMCOR beat analysts' revenue expectations by 6.4% last quarter, reporting revenues of $3.43 billion, up 18.7% year on year. It was a stunning quarter for the company, with an impressive beat of analysts' earnings estimates and full-year revenue guidance exceeding analysts' expectations.

Is EMCOR a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting EMCOR's revenue to grow 15.9% year on year to $3.53 billion, improving from the 12.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.68 per share.

EMCOR Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. EMCOR has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 3.1% on average.

With EMCOR being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unravel for construction and engineering stocks. However, there has been positive investor sentiment in the segment, with share prices up 8.3% on average over the last month. EMCOR's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $410 (compared to the current share price of $377.5).

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