EMCOR Group Boosts FY21 EPS Outlook, Maintains Revenue - Quick Facts

(RTTNews) - While reporting financial results for the first quarter on Thursday, EMCOR Group, Inc. (EME) raised its earnings guidance for the full-year 2021, based on year-to-date performance and assuming a gradual improvement of current market conditions as the year progresses. However, it maintained annual revenue outlook.

For fiscal 2021, the company now projects earnings in a range of $6.35 to $6.75 per share on revenues between $9.2 billion to $9.4 billion.

Previously, the company expected earnings in a range of $6.20 to $6.70 per share on revenues between $9.2 billion to $9.4 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $6.49 per share on revenues of $9.28 billion for the year. Analysts' estimates typically exclude special items.