EMCOR Group Boosts FY20 Adj. EPS Outlook - Quick Facts

(RTTNews) - While reporting financial results for the third quarter on Thursday, EMCOR Group, Inc. (EME) raised its adjusted earnings and revenue guidance for the full-year 2020, based on year-to-date performance, current operating conditions and visibility into the remainder of the year.

For fiscal 2020, the company now projects adjusted earnings in a range of $5.90 to $6.10 per share on revenues of about $8.7 billion.

Previously, the company expected adjusted earnings in the range of $5.00 to $5.50 per share on revenues between $8.6 billion and $8.7 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.37 per share on revenues of $8.67 billion for the year. Analysts' estimates typically exclude special items.