Emcor Group Intrinsic Stock Value – EMCOR GROUP Reports Q2 Earnings Results for FY2023 on July 27th

🌥️Earnings Overview

On July 27 2023, EMCOR GROUP ($NYSE:EME) revealed its Q2 fiscal year 2023 earnings results. The total revenue for the quarter ending June 30 2023 was USD 3045.6 million, a 12.5% increase from the equivalent period in the prior year. Net income also saw an increase of 39.7%, amounting to USD 140.6 million.

Price History

On Thursday, July 27th, EMCOR GROUP reported their earnings results for the second quarter of Fiscal Year 2023. Market analysts were optimistic about the results, as the stock opened at $195.0 and closed at $200.6, an increase of 6.0% from its last closing price of $189.2. This marked a significant return for investors, who have been following the company’s progress over the past several months. EMCOR GROUP is a global leader in energy and building services, providing integrated solutions that focus on mechanical construction, electrical construction, HVAC services, energy infrastructure, and building automation services to its customers worldwide.

With its impressive Q2 earnings report, EMCOR GROUP is proving itself as an industry leader in the energy and building services sector. As EMCOR GROUP continues to grow and strengthen its financial standing, investors can look forward to continued success and increased returns from their investments. The company’s strong presence in an ever-evolving sector will help ensure its continued success in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Emcor Group. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Emcor Group. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Emcor Group. More…

Key Ratios Snapshot

Some of the financial key ratios for Emcor Group are shown below. More…

Analysis – Emcor Group Intrinsic Stock Value

At GoodWhale, we recently conducted an analysis of EMCOR GROUP‘s wellbeing. Our proprietary Valuation Line estimated the fair value of EMCOR GROUP’s share to be around $150.1. However, currently, the stock is trading at $200.6, which is overvalued by 33.7%. This means that potential investors are paying too much for the stock and should look for better opportunities elsewhere. More…

Peers

EMCOR Group Inc. is in the business of providing electrical and mechanical construction and facilities services. The company operates in three segments: Commercial & Industrial, Utilities & Power, and Federal. EMCOR Group Inc. has a market capitalization of $8.3 billion and its competitors include Comfort Systems USA Inc, Sterling Construction Co Inc, and NV5 Global Inc.

– Comfort Systems USA Inc ($NYSE:FIX)

Comfort Systems USA Inc is a leading provider of mechanical and electrical installation, maintenance, and repair services in the United States. The company has a market cap of 3.81 billion and a return on equity of 14.84%. Comfort Systems USA Inc provides a wide range of services to a diversified customer base, including commercial, industrial, and institutional clients. The company’s services include heating, ventilation, and air conditioning (HVAC), plumbing, piping, controls, and metalwork. Comfort Systems USA Inc has a strong commitment to safety, quality, and customer satisfaction. The company has a workforce of over 4,000 employees and operates in over 100 locations across the United States.

– Sterling Construction Co Inc ($NASDAQ:STRL)

Sterling Construction Company, Inc. engages in the construction of infrastructure for the development and maintenance of transportation and water infrastructure in the United States. The company operates through two segments, Transportation Infrastructure Construction, and Commercial and Industrial Construction. The Transportation Infrastructure Construction segment includes the construction of highways, roads, bridges, airfields, ports, light rail, and heavy rail systems. The Commercial and Industrial Construction segment comprises the construction of parking structures, office buildings, healthcare facilities, educational facilities, retail centers, and other commercial/industrial projects. Sterling Construction Company, Inc. was founded in 1956 and is headquartered in The Woodlands, Texas.

As of 2022, Sterling Construction Company’s market cap is 755.09 million dollars and its ROE is 23.39%. Sterling Construction Company is a construction company that operates in the United States, constructing various infrastructure projects such as highways, bridges, and office buildings.

– NV5 Global Inc ($NASDAQ:NVEE)

NV5 Global Inc. is a provider of professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets. The company has a market cap of $2.11 billion and a return on equity of 8.78%. NV5’s services include program management, project management, construction management, and general consulting. The company serves a variety of clients, including government agencies, municipalities, utilities, developers, and commercial and industrial businesses.

Summary

EMCOR GROUP‘s strong FY2023 Q2 earnings results have been well-received by investors, as evidenced by the rise in stock price the same day. Overall, revenue for the quarter ending June 30 2023 was USD 3045.6 million, a 12.5% increase from the same period of the prior year. Net income was reported at USD 140.6 million, a 39.7% growth year over year.

This solid performance suggests that investors can expect future financial stability and growth from EMCOR GROUP. The company’s strong fundamentals and long-term outlook makes it an attractive investment for investors looking for a reliable source of returns.