Dernières nouvelles pour EMCOR Group (NYSE:EME) Stock

EMCOR Group

EMCOR Group Inc is a specialty contractor in the United States and a provider of electrical and mechanical construction and facilities services, building services, and industrial services. Its services are provided to a broad range of commercial, technology, manufacturing, industrial, healthcare, utility, and institutional customers through approximately 100 operating subsidiaries. The company's operating subsidiaries are organized into reportable segments: United States electrical construction and facilities services, United States mechanical construction and facilities services, United States building services, United States industrial services, and United Kingdom building services. Geographically the majority of revenue is generated from the United States.

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EMCOR Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) shares are trading higher on Tuesday after the company disclosed a deal to acquire Miller Electric Company <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b42972703/emcor-group-inc-announces-agreement-to-acquire-miller-electric-company" rel="noreferrer noopener">for $865 million in cash</a>.
Miller Electric provides design, installation, maintenance, and upgrades for complex electrical systems across the Southeast, serving over 1,000 clients in sectors like data centers, manufacturing, and healthcare.
The deal, unanimously approved by both boards, is subject to customary adjustments.
EMCOR expects the deal to close in the first half of 2025, subject to customary conditions.
The acquisition is anticipated to be modestly accretive to EMCOR&#8217;s EPS in 2025, with further accretion in subsequent years.
EMCOR expects Miller Electric to generate around $805 million in revenue and $80 million in Adjusted EBITDA in 2024.
Miller Electric, with a strong growth and cash flow profile, generates about 90% of its revenue from Florida and the Southeastern U.S., regions where EMCOR has a limited presence.
As of November 2024, Miller Electric had $755 million in remaining performance obligations.
Tony Guzzi, Chairman, President, and Chief Executive Officer of EMCOR, said, &#8220;The addition of Miller Electric expands EMCOR&#8217;s electrical capabilities through their suite of comprehensive, mission-critical services and bolsters our already strong presence in high-growth areas including data centers, manufacturing, and healthcare.&#8221;
&#8221;With a complementary geographic footprint, this transaction enables us to enhance our ‘local execution, national reach&#8217; strategy as we broaden our overall construction services platform.&#8221;
EMCOR expects to fund the transaction through cash on hand. As of September 30, cash and equivalents<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41649417/emcor-group-inc-reports-third-quarter-2024-results" rel="noreferrer noopener"> stood at $1.04 billion</a>.
Investors can gain exposure to the stock via Invesco Building &amp; Construction ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKB#NYSE">PKB</a>) and Invesco S&amp;P MidCap Quality ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XMHQ#NYSE">XMHQ</a>).
Price Action: EME shares are up 3.42% at $483.76 at the last check Tuesday.
Read Next:
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EMCOR Expands Southeast Footprint With $865 Million Miller Electric Deal

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Emcor shares are trading higher after the company announced it will acquire Miller Electric for $865 million in an all-cash deal.

EMCOR Group To Acquire Miller Electric Company For $865M In Cash

Each week,&nbsp;Benzinga&#8217;s Stock Whisper Index&nbsp;uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the&nbsp;<a href="https://www.benzinga.com/topic/stock-whisper-index" target="_blank" rel="noreferrer noopener">surface and deserve attention</a>.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Read Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/25/01/42755273/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-december-2024-where-do-tesla-nvidia-quantum-computing-stock-rank" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Top 20 Most-Searched Tickers On Benzinga Pro In December 2024 — Where Do Tesla, Nvidia, Quantum Computing Stock Rank?</a>
Here's a look at the Benzinga Stock Whisper Index for the week ending Jan. 3:
Uber Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>): The ride-share company saw strong interest over the last week and to kick off the new year with Goldman Sachs<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42777529/goldman-sachs-adds-3-stocks-to-conviction-list-flags-5-market-trends-to-monitor-in-2025"> adding the stock</a> to its "Conviction List." Analyst Erik Sheridan sees strong compound annual growth and adjusted EBITDA coming for Uber over the next two years and has a price target of $96 on the stock. Uber may also be seeing strong interest in 2025 with The Information predicting that rival Lyft could see buyout interest.
Uber stock was up around 6% over the last five trading days as seen on the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010325&amp;t=be2bearmibe3na1"> Benzinga Pro chart </a>below and shares are up 12% over the last year.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010325&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1001" height="501" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03162855/Screenshot-284.png" alt="" class="wp-image-717805" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03162855/Screenshot-284.png 1001w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03162855/Screenshot-284-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03162855/Screenshot-284-768x384.png 768w" sizes="(max-width: 1001px) 100vw, 1001px" /></a></figure>
Read Also: <a href="https://www.benzinga.com/general/travel/24/12/42702929/ubers-death-cross-chart-looks-terrible-yet-jim-cramer-sees-opportunity">Uber&#8217;s Death Cross: Chart Looks &#8216;Terrible,&#8217; Yet Jim Cramer Sees Opportunity</a>
Boston Scientific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>): The medical devices company makes a <a href="https://www.benzinga.com/exclusives/24/03/37894121/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">return to the </a>Stock Whisper Index after appearing in March. Shares trade near 52-week highs and analysts continue to raise their <a href="https://www.benzinga.com/quote/BSX/analyst-ratings">price targets.</a> Evercore raised the price target from $95 to $100 and BITG raised the price target from $97 to $101. The company said recently that it will present at the JPMorgan Healthcare Conference on Jan. 13, which could provide more updates and catalysts for 2025.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010325&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="999" height="499" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03162929/Screenshot-285.png" alt="" class="wp-image-717809" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03162929/Screenshot-285.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03162929/Screenshot-285-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03162929/Screenshot-285-768x384.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>): The construction and facilities services company saw strong interest from investors over the week with limited new news. The company could be on the radar of investors with construction and business spending expected to be growth areas in 2025. EMCOR could also be seeing increased interest with the recent announcement that Amy Dahl was <a href="https://www.businesswire.com/news/home/20241219066760/en/Amy-E.-Dahl-Elected-to-the-EMCOR-Group-Inc.-Board-of-Directors">named </a>to the company's Board of Directors. Dahl serves as vice president, International Business &amp; Strategy for The Toro Company and her expertise in outdoor turf and landscape maintenance could help EMCOR in new business segments.
EMCOR stock is up over 120% in the last year and investors continue to look at the name for more upside ahead.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010325&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="508" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03162943/Screenshot-286.png" alt="" class="wp-image-717810" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03162943/Screenshot-286.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03162943/Screenshot-286-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03162943/Screenshot-286-768x391.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
MercadoLibre Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>): The Latin American e-commerce company saw strong interest from readers over the last week and could be a theme ahead as investors look for exposure to countries that could benefit under a new White House administration or are seeing growth from populations and income levels. The company has operations across several segments including e-commerce, shipping, logistics, advertising and fintech and operates in multiple countries. The stock recently appeared on the Stock Whisper Index with strong interest in the name <a href="https://www.benzinga.com/trading-ideas/24/12/42628286/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-including-qubt-qbts">in December</a>. The company's third-quarter revenue beat analyst estimates for an eighth straight quarter.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010325&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="504" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03163001/Screenshot-287.png" alt="" class="wp-image-717811" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03163001/Screenshot-287.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03163001/Screenshot-287-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03163001/Screenshot-287-768x389.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
SoFi Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>): The financial services stock saw strong interest among readers over the last week and continues to be a popular stock among retail investors. Keefe, Bruyette and Woods <a href="https://www.benzinga.com/quote/SOFI/analyst-ratings">downgraded </a>shares from market Perform to Underperform and raised the price target from $7 to $8. The analyst <a href="https://www.benzinga.com/general/market-summary/25/01/42762341/sofi-tech-downgraded-over-valuation-concerns-stock-priced-three-times-its-peers">cited concerns</a> on valuation and a lack of long-term earnings potential. Lower interest rates could be providing optimism for investors looking at the stock. Another reason the stock might be on investors' radar is the company's student loan segment. With Donald Trump returning to the White House, <a href="https://www.benzinga.com/24/12/42673338/biden-dumps-student-loan-forgiveness-plans">student loan forgiveness programs</a> under President Joe Biden could be coming to an end.
SoFi shares were down 10% over the last five trading days, but are up over 70% in the last year.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010325&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="993" height="499" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03163018/Screenshot-288.png" alt="" class="wp-image-717812" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03163018/Screenshot-288.png 993w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03163018/Screenshot-288-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03163018/Screenshot-288-768x386.png 768w" sizes="(max-width: 993px) 100vw, 993px" /></a></figure>
Stay tuned for next week&#8217;s report, and follow Benzinga Pro for all the latest headlines and&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010325&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">top market-moving stories here.</a>
Read the latest Stock Whisper Index reports here:
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<li><a href="https://www.benzinga.com/general/biotech/24/12/42366750/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">December 6</a></li>
<li><a href="https://www.benzinga.com/general/social-media/24/12/42490690/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">December 13</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/24/12/42628286/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-including-qubt-qbts" target="_blank" rel="noreferrer noopener">December 20</a></li>
<li><a href="https://www.benzinga.com/media/24/12/42709387/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">December 27</a></li>
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</ul>

Exclusives

Trading Ideas

MELI

SOFI

UBER

Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) has outperformed the market over the past 5 years by 26.43% on an annualized basis producing an average annual return of 39.07%. Currently, EMCOR Group has a market capitalization of $20.81 billion. 
Buying $1000 In EME: If an investor had bought $1000 of EME stock 5 years ago, it would be worth $5,208.84 today based on a price of $452.45 for EME at the time of writing.
<h3>EMCOR Group's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735573507_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have This Much Today

EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) has outperformed the market over the past 20 years by 12.14% on an annualized basis producing an average annual return of 20.42%. Currently, EMCOR Group has a market capitalization of $21.31 billion. 
Buying $100 In EME: If an investor had bought $100 of EME stock 20 years ago, it would be worth $4,121.53 today based on a price of $463.26 for EME at the time of writing.
<h3>EMCOR Group's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734989416_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 20 Years Ago, You Would Have This Much Today

BLDR

IESC

Shares of homebuilders, construction and household durables stocks are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

EMCOR Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) short percent of float has fallen 18.12% since its last report. The company recently reported that it has 431 thousand shares sold short, which is 1.22% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>EMCOR Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733927417_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for EMCOR Group has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing EMCOR Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, EMCOR Group's peer group average for short interest as a percentage of float is 5.05%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into EMCOR Group's Recent Short Interest

EMCOR Group shares are trading lower after Goldman Sachs initiated coverage on the stock with a Sell rating and announced a $445 price target.

Goldman Sachs analyst Adam Bubes initiates coverage on EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) with a Sell rating and announces Price Target of $445.

Price Target

Initiation

Analyst Ratings

Goldman Sachs Initiates Coverage On EMCOR Group with Sell Rating, Announces Price Target of $445

Each week,&nbsp;Benzinga's Stock Whisper Index&nbsp;uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the&nbsp;<a href="https://www.benzinga.com/topic/stock-whisper-index" target="_blank" rel="noreferrer noopener">surface and deserve attention</a>.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Read Also:&nbsp;<a href="https://www.benzinga.com/top-stories/24/11/41718416/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-october-2024-where-do-tesla-nvidia-apple-d" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Top 20 Most-Searched Tickers On Benzinga Pro In October 2024 — Where Do Tesla, Nvidia, Apple, DJT Stock Rank?</a>
Here&#8217;s a look at the Benzinga Stock Whisper Index for the week ending Nov. 15:
Axon Enterprises Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>): The weapons and cloud-based digital evidence company was one of many that<a href="https://www.benzinga.com/news/large-cap/24/11/41886058/donald-trump-victory-week-nov-4-8-these-large-cap-stocks-were-biggest-gainers"> saw strong interest </a>from investors after the 2024 presidential election was won by Donald Trump. 
The company recently reported third-quarter revenue of $544.3 million, up 32% year-over-year. The revenue total beat a Street consensus estimate of $525.1 million. Axon also reported earnings per share of $1.45, which beat a Street estimate of $1.20. 
The quarter continued a streak of consecutive quarters of beating analyst estimates, which now stands at 10 for both revenue and earnings per share. Axon also shared revenue guidance for the fourth quarter with an expected range of $560 million to $570 million, ahead of a Street estimate of $523 million. 
Analysts <a href="https://www.benzinga.com/quote/AXON/analyst-ratings">raised price targets</a> on Axon after the earnings and 2024 election. Northland maintained an Outperform rating and raised the price target from $365 to $550, Needham maintained a Buy rating and raised the price target from $525 to $600 and Baird maintained an Outperform rating and raised the price target from $460 to $600.
Axon shares were up over 11% over the last five days, as of writing. The stock is up over 140% year-to-date in 2024. The Axon <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111524&amp;t=be2bearmibe3na1">Benzinga Pro chart</a> is below.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="999" height="488" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15111044/Screenshot-241.png" alt="" class="wp-image-650644" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15111044/Screenshot-241.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15111044/Screenshot-241-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15111044/Screenshot-241-768x375.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
Snowflake Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>): The cloud and data company is seeing increased interest ahead of third-quarter financial results. The company will report third-quarter results after market close on Nov. 20. Analysts expect the company to report earnings per share of 15 cents, down from 25 cents and revenue of $897.6 million, up from $734.2 million. 
The company has beaten analyst estimates for earnings per share in nine of the past 10 quarters and for revenue in more than 10 straight quarters. 
Snowflake's second-quarter revenue was up 29% year-over-year with product revenue up 30% year-over-year and the company's net revenue retention rate at 127% in the quarter. Snowflake reported remaining performance obligations of $5.2 billion and a total of 510 customers.
"With the combination of our platform, the network effect of collaboration and our AI innovations, we have a huge opportunity ahead to deliver even greater value to deliver even greater value to our customers," Snowflake CEO Sridhar Ramaswamy said after<a href="https://www.benzinga.com/news/earnings/24/08/40494892/snowflake-q2-earnings-revenue-beat-eps-beat-raised-guidance-additional-2-5b-buyback-great-traction-"> second-quarter results.</a>
With cybersecurity a key theme moving forward <a href="https://www.benzinga.com/24/11/41849944/financial-crime-weekly-alleged-snowflake-hacker-arrested-banned-china-chip-shipments-payday-advance-company-sued">and recent hacks,</a> Snowflake stock could continue to see interest from investors. Snowflake stock was up around 5% over the last week, but shares are down more than 30% year-to-date in 2024, as of writing.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="500" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15111102/Screenshot-242.png" alt="" class="wp-image-650645" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15111102/Screenshot-242.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15111102/Screenshot-242-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15111102/Screenshot-242-768x386.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>): The electrical and manufacturing construction and facilities services provider is <a href="https://www.benzinga.com/top-stories/24/09/41072065/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">back on the Stock Whisper Index</a>. 
The company recently reported third-quarter financial results with earnings per share beating analyst estimates and revenue missing estimates. Guidance from the company was similar with full-year revenue guidance of revenue set at $14.5 billion, down from a prior range of $14.5 billion to $15.0 billion and below a Street estimate of $14.7 billion. 
EMCOR expects full-year earnings per share of $20.50 to $21, up from a previous range of $19 to $20 and ahead of a Street estimate of $19.53 per share. The stock could benefit from interest rate cuts and the administration. 
Stifel <a href="https://www.benzinga.com/quote/EME/analyst-ratings">recently initiated </a>the stock with a Buy rating and $600 price target. The stock was up after the 2024 election before cooling off in the past week. Shares were down on the week, but remain up over 130% year-to-date in 2024, as of writing.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="487" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15111119/Screenshot-243.png" alt="" class="wp-image-650647" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15111119/Screenshot-243.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15111119/Screenshot-243-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15111119/Screenshot-243-768x375.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Rocket Lab USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>): The space and rocket company continues to see strong interest from readers. The company reported<a href="https://www.benzinga.com/general/space/24/11/41922070/rocket-lab-q3-earnings-revenue-beat-eps-beat-continued-strong-demand-growth-multi-launch-agreement-air-force-award-and-more"> third-quarter financial results</a> recently with revenue of $104.8 million and earnings per share of a loss of 10 cents per share both beating analyst estimates. 
Rocket Lab's revenue was up 55% year-over-year in the quarter. The company has already passed a new annual launch record with 12 Electron launches so far, with more scheduled in November and December. Rocket Lab highlighted its backlog of over $1 billion and strong demand growth in the quarterly results.
"We expect to close out the year strongly with more Electron launches scheduled in November and December, alongside continued progress across Neutron and space systems, that is behind our guidance for a record $125-$135 million revenue quarter in Q4," Rocket Lab CEO Peter Beck said.
The company also announced a multi-launch agreement with an unnamed commercial satellite company and an award from the U.S. Air Force Research Laboratory worth up to $8 million.
Beck highlighted the company's backlog including over 40 spacecraft that range from missions to Mars, national security and telecommunications projects for partners during an <a href="https://www.benzinga.com/general/space/24/11/41961309/rocket-lab-ceo-touts-spacex-rival-status-trump-impact-on-space-as-stock-surges-almost-30">interview on CNBC. </a>Beck also expressed optimism about space policy under incoming President Donald Trump.
Analysts <a href="https://www.benzinga.com/quote/RKLB/analyst-ratings">raised their price targets</a> on Rocket Lab after the quarterly financial results. The stock was up 30% over the past five days and is up over 225% year-to-date in 2024, as of writing.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1001" height="485" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15111135/Screenshot-244.png" alt="" class="wp-image-650648" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15111135/Screenshot-244.png 1001w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15111135/Screenshot-244-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15111135/Screenshot-244-768x372.png 768w" sizes="(max-width: 1001px) 100vw, 1001px" /></a></figure>
The Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>): The advertising company saw strong interest from readers after reporting<a href="https://www.benzinga.com/news/earnings/24/11/41830188/the-trade-desk-stock-is-tumbling-after-the-bell-whats-going-on"> third-quarter financial results.</a> Third-quarter earnings per share of 41 cents beat a street estimate of 39 cents per share and revenue of $628.0 million beat a Street estimate of $620 million. 
The company has now beaten analyst estimates for earnings per share in nine of the past 10 quarters and beaten revenue estimates in more than 10 straight quarters. Trade Desk said its customer retention was over 95% in the quarter.
"As we enter our busiest time of year and look ahead to 2025, we have never been in a better position to capture a greater share of the $1 trillion advertising TAM," The Trade Desk CEO Jeff Green said.
Trade Desk's guidance for the fourth quarter came in ahead of Street estimates for revenue. Several analysts <a href="https://www.benzinga.com/quote/TTD/analyst-ratings">raised their price targets </a>on the stock after the quarterly results.
Trade Desk shares were down 5.11% over the past five days and the stock is up 78% year-to-date in 2024, as of writing.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="993" height="496" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15111150/Screenshot-245.png" alt="" class="wp-image-650649" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15111150/Screenshot-245.png 993w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15111150/Screenshot-245-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15111150/Screenshot-245-768x384.png 768w" sizes="(max-width: 993px) 100vw, 993px" /></a></figure>
Stay tuned for next week's report, and follow Benzinga Pro for all the latest headlines and&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111524&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">top market-moving stories here.</a>
Read the latest Stock Whisper Index reports here:
<ul>
<li><a href="https://www.benzinga.com/exclusives/24/10/41405659/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">October 18</a></li>
<li><a href="https://www.benzinga.com/real-estate/reit/24/10/41549488/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">October 25</a></li>
<li><a href="https://www.benzinga.com/exclusives/24/11/41693907/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">November 1</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/24/11/41856335/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-42">November 8</a></li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/etfs/sector-etfs/24/11/41779731/trump-victory-sends-bank-stocks-higher-leading-s-p-500-on-regulatory-hopes" target="_blank" rel="noreferrer noopener">Trump Victory Sends Bank Stocks Higher, Leading S&amp;P 500 On Regulatory Hopes</a></li>
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SPACE

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/66585980a3067c00012c48c0/david-roman">Goldman Sachs analyst David Roman </a>initiated coverage on HealthEquity, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HQY#NASDAQ">HQY</a>) with a Neutral rating and announced a price target of $108. HealthEquity shares closed at $95.70 on Thursday. <a href="https://www.benzinga.com/quote/HQY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wolfe Research analyst Alexandria Hammond initiated coverage on Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) with an Underperform rating and announced a price target of $25. Pfizer shares closed at $26.02 on Thursday. <a href="https://www.benzinga.com/quote/PFE/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/insights/analyst-ratings/24/10/41494343/analyst-expectations-for-mastecs-future">Stifel analyst Brian Brophy</a> initiated coverage on EMCOR Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) with a Buy rating and announced a price target of $600. EMCOR shares closed at $498.11 on Thursday. <a href="https://www.benzinga.com/quote/EME/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Redburn Atlantic analyst Harry Read initiated coverage on Insight Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSIT#NASDAQ">NSIT</a>) with a Buy rating and announced a price target of $220. Insight Enterprises shares closed at $152.63 on Thursday. See how other analysts view this stock.</li>
<li>Wolfe Research analyst Alexandria Hammond initiated coverage on Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) with an Outperform rating and announced a price target of $190. Johnson &amp; Johnson shares closed at $151.87 on Thursday. <a href="https://www.benzinga.com/quote/JNJ/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying JNJ stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="569" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15072028/image-169-1024x569.png" alt="" class="wp-image-650063" style="width:716px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15072028/image-169-1024x569.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15072028/image-169-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15072028/image-169-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/15072028/image-169.png 1196w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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<li><a href="https://www.benzinga.com/news/earnings/24/11/42000528/dow-dips-over-200-points-following-economic-reports-tesla-tumbles-on-potential-removal-of-ev-tax-credit-fear-index-remains-in-greed-zone">Dow Dips Over 200 Points Following Economic Reports, Tesla Tumbles On Potential Removal Of EV Tax Credit: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Pre-Market Outlook

Markets

NSIT

This Johnson & Johnson Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Friday

Stifel analyst Brian Brophy initiates coverage on EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) with a Buy rating and announces Price Target of $600.

Stifel Initiates Coverage On EMCOR Group with Buy Rating, Announces Price Target of $600

MTRX

MYRG

ROAD

STRL

Shares of construction and engineering companies are trading higher after Donald Trump won the 2024 presidential election.

EMCOR Group shares are trading higher after the company reported better-than-expected adjusted EPS results and issued FY24 EPS guidance above estimates.

Full Year 2024 Guidance
Based on year-to-date 2024 performance, current operating conditions, and near-term visibility, the Company is:
<ol>
<li>Adjusting its full-year 2024 revenue guidance to at least $14.5 billion, from the prior guidance range of $14.5 billion - $15.0 billion.</li>
<li>Increasing its full-year 2024 diluted earnings per share guidance range to $20.50 - $21.00, from the prior guidance range of $19.00 - $20.00.</li>
</ol>

Earnings

Guidance

EMCOR Group Revises 2024 Guidance: Sees Revenue Of At Least $14.5B (Previously $14.5B-$15B) Vs. $14.703B Est.; Increases Its EPS Guidance To $20.50-$21 (Prior $19-$20) Vs. $19.53 Est.

EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) reported quarterly earnings of $5.80 per share which beat the analyst consensus estimate of $4.98 by 16.47 percent. This is a 60.66 percent increase over earnings of $3.61 per share from the same period last year. The company reported quarterly sales of $3.697 billion which missed the analyst consensus estimate of $3.771 billion by 1.95 percent. This is a 15.24 percent increase over sales of $3.208 billion the same period last year.

Earnings Beats

Earnings Misses

EMCOR Group Q3 2024 Adj. EPS $5.80 Beats $4.98 Estimate, Sales $3.697B Miss $3.771B Estimate

EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) is preparing to release its quarterly earnings on Thursday, 2024-10-31. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect EMCOR Group to report an earnings per share (EPS) of $4.98.
The announcement from EMCOR Group is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $1.49, which was followed by a 5.03% increase in the share price the next day.
Here's a look at EMCOR Group's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>3.76</td>
<td>2.83</td>
<td>3.55</td>
<td>2.72</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>5.25</td>
<td>4.17</td>
<td>4.47</td>
<td>3.61</td>
</tr>
<tr>
<td>Price Change %</td>
<td>5.0%</td>
<td>1.0%</td>
<td>3.0%</td>
<td>-0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730300512_0.png" alt="eps graph" />
<a href="https://www.benzinga.com/quote/EME/earnings">To track all earnings releases for EMCOR Group visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

An Overview of EMCOR Group's Earnings

EMCOR Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) short percent of float has fallen 6.76% since its last report. The company recently reported that it has 693 thousand shares sold short, which is 1.93% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.73 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>EMCOR Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729877425_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for EMCOR Group has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing EMCOR Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, EMCOR Group's peer group average for short interest as a percentage of float is 5.27%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) has outperformed the market over the past 10 years by 15.49% on an annualized basis producing an average annual return of 26.78%. Currently, EMCOR Group has a market capitalization of $20.80 billion. 
Buying $1000 In EME: If an investor had bought $1000 of EME stock 10 years ago, it would be worth $10,679.80 today based on a price of $445.81 for EME at the time of writing.
<h3>EMCOR Group's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729713616_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning EMCOR Group Stock In The Last 10 Years

TimesSquare Global Small Cap Strategy Q3 2024 Commentary

Allspring Large Cap Core Fund Q3 2024 Commentary

EMCOR Group (EME) announced the election to the Company's Board of Directors of Amy E. Dahl, effective December 18 is currently the Vice President,...

Emcor announces election of Amy  Dahl to Board of Directors

EMCOR Group ( ($EME) ) has issued an update. EMCOR Group, Inc. announced the election of Amy E. Dahl to its Board of Directors, effective December ...

EMCOR Group Expands Board with New Director

Comfort Systems: Interesting 'Buy The Dip' Signal With Nice Target

EMCOR declares $0.25 dividend

Emcor Group: Buy Signal With A Decent Profit Target

EMCOR Vs. Comfort Systems: Catalysts Align, Valuations Don't

EMCOR to acquire Miller Electric Company for $865 million in cash

Emcor (EME) announced that it has entered into a definitive agreement to acquire Miller Electric for $865M in cash, subject to customary adjustment...

Emcor to acquire Miller Electric for $865M in cash, sees accretion

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Press Releases

EMCOR Group, Inc. to Participate at the D.A. Davidson 23rd Annual Diversified Industrials & Services Conference

EMCOR Group, Inc. Declares Regular Quarterly Dividend

EMCOR Group, Inc. Sets Third Quarter 2024 Earnings Release Date and Webcast

EMCOR Group, Inc. Reports Third Quarter 2024 Results

EMCOR Group, Inc. to Participate at the Baird 2024 Global Industrial Conference

EMCOR Group, Inc. to Participate at the UBS Global Industrials and Transportation Conference

Amy E. Dahl Elected to the EMCOR Group, Inc. Board of Directors

EMCOR Group, Inc. Sets Fourth Quarter 2024 Earnings Release Date and Webcast

EMCOR Group, Inc. Announces Agreement to Acquire Miller Electric Company

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