EMCOR Earnings: Everything You Must Know Now

EMCOR Group Inc. (NYSE:EME) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

EMCOR Group Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 10% to $0.44 in the quarter versus EPS of $0.40 in the year-earlier quarter.

Revenue: Rose 1.94% to $1.57 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: EMCOR Group Inc. reported adjusted EPS income of $0.44 per share. By that measure, the company missed the mean analyst estimate of $0.45. It missed the average revenue estimate of $1.6 billion.

Quoting Management: Tony Guzzi, President and Chief Executive Officer of EMCOR Group, commented, “We had a good start to 2013 as the Company realized revenue and backlog growth with expanded margins over a strong year ago performance in an environment that remains uncertain and challenging. The benefit of our balance across multiple market sectors and disciplines was clear in the quarter. Our strong results were driven primarily by excellent execution in our facilities services business, particularly in turnaround and maintenance services for our industrial clients, as well as by improvements in our mechanical services and commercial site-based services. Our domestic construction operations had a slow start to the year and in the UK, we continued to make progress on refocusing our operations to the facilities services market while downsizing our presence in the construction sector.”

Key Stats (on next page)…

Revenue decreased 2.7% from $1.61 billion in the previous quarter. EPS decreased 35.29% from $0.68 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.62 to a profit $0.55. For the current year, the average estimate has moved down from a profit of $2.44 to a profit of $2.35 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

More Articles About:   , , ,  

More from The Cheat Sheet