EMCOR is scheduled to report its second-quarter earnings this Thursday morning. The specialty construction contractor beat revenue expectations last quarter with $4.63 billion, up 19.7% year on year, and raised its full-year guidance. For the upcoming report, analysts expect revenue growth of 9.5% year on year, a slowdown from the 17.4% growth in the same quarter last year. Estimates have remained largely unchanged over the past 30 days, though EMCOR has missed revenue estimates multiple times in the last two years. Among peers, Comfort Systems has already reported, exceeding revenue estimates with 50.3% year-on-year sales growth, but its stock fell 5.3% on the results. EMCOR shares are down 13.7% over the last month, heading into earnings with an average analyst price target of $991.57 compared to the current share price of $703.
EMCOR Group IncEMCOR is about to report Q2 earnings; revenue growth expected to slow, but estimates unchanged; stock down 13.7% ahead of report.
Comfort Systems USA IncComfort Systems exceeded revenue estimates but its stock fell 5.3% on the results, mentioned as a peer comparison.