EMCOR Group Q2 2024 GAAP EPS $5.25 Beats $3.76 Estimate, Sales $3.667B Beat $3.522B Estimate
Portfolio Pulse from Benzinga Newsdesk
EMCOR Group (NYSE:EME) reported Q2 2024 earnings per share (EPS) of $5.25, significantly beating the analyst estimate of $3.76. The company also reported sales of $3.667 billion, surpassing the estimate of $3.522 billion. This represents a 20.39% increase in sales compared to the same period last year.
July 25, 2024 | 11:32 am
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EMCOR Group reported strong Q2 2024 earnings and sales, significantly beating analyst estimates. The EPS of $5.25 was 39.63% higher than the expected $3.76, and sales of $3.667 billion exceeded the $3.522 billion estimate, showing a 20.39% year-over-year increase.
The significant beat on both EPS and sales estimates, along with a strong year-over-year sales increase, is likely to positively impact EMCOR Group's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100