In an announcement on Thursday regarding their third-quarter financial results, EMCOR Group, Inc. (EME) has revised its earnings forecast for the full year 2024 upward. This decision is informed by the company's performance thus far in 2024, prevailing operational circumstances, and anticipated short-term developments.
For the fiscal year 2024, EMCOR now anticipates earnings to fall between $20.50 and $21.00 per share, with revenues expected to reach at least $14.5 billion. Previously, the company had forecasted earnings in the range of $19.00 to $20.00 per share, while projecting revenues between $14.5 billion and $15.0 billion.
According to a survey conducted by Thomson Reuters involving four analysts, EMCOR is expected to report earnings of $19.53 per share on revenues amounting to $14.70 billion for the full year. It should be noted that analysts' projections typically do not account for special items.
