4 analysts' median target is $932[FMP target], stock is $933, -0.2% upside potential. After Q1 +15.9% EPS beat[FMP earnings], the stock moved +7.0%.
A- = MoonshotScore 34[9-pillar formula] + Council 2/6[6-lens rule]. Form 4: 0 transactions[FMP Form 4].
Q4 consensus: revenue $4.7B[FMP est], EPS $7.26[FMP est]. 8 consecutive quarters of beat[FMP earnings].
Q1 EPS +15.9% beat[FMP] but the stock +7.0% D+1[FMP D+1]. Jason Nalbandian promised $28.7M CapEx + a sequential decline in Q4 during the Q1 earnings call[Jason Nalbandian capex transcript].
Watchlist
Full Year 2026 Guidance
full_year_2026_guidance
EMCOR is raising its full year 2026 revenue guidance to between $18.5 billion and $19.25 billion and diluted earnings per share guidance to between $28.25 and $29.75.
"We are increasing our revenue and diluted earnings per share guidance to a range that reflects our confidence in the sustained operational excellence that we have exhibited and strong market momentum. We now expect to earn revenues between $18.5 billion and $19.25 billion and diluted earnings per share of between $28.25 and $29.75."
- Anthony Guzzi, CEO - Q1 FY26 Earnings Call - April 29, 2026
Electrical Construction Growth
electrical_construction_growth
The Electrical Construction segment experienced revenue growth of just over 33%, with revenues increasing by nearly 50% driven by strong demand for data centers.
"Revenues of Electrical Construction were $1.45 billion, increasing just over 33%. This segment generated increased revenues from the majority of the market sectors we serve, with the most significant growth coming from Network & Communications, where revenues increased by nearly 50%, driven by strong demand for data centers."
- Jason Nalbandian, CFO - Q1 FY26 Earnings Call - April 29, 2026
Mechanical Construction Growth
mechanical_construction_growth
Mechanical Construction revenues are up nearly 29%. Increased cooling requirements and advancements in liquid cooling, particularly for AI data centers continue to drive opportunities for this segment, with revenues increasing by 86% from the network and communications market sector.
"Mechanical Construction revenues of $2.03 billion are up nearly 29%. Similar to Electrical, this segment once again experienced the greatest growth from the network and communications market sector where revenues increased by 86%. Increased cooling requirements and advancements in liquid cooling, particularly for AI data centers continue to drive opportunities for this segment."
- Jason Nalbandian, CFO - Q1 FY26 Earnings Call - April 29, 2026
Revenue Growth
revenue_growth
EMCOR reported a record quarterly revenue of $4.63 billion, representing year-over-year growth of 19.7%.
"In the first quarter, we generated revenues of $4.63 billion, representing year-over-year growth of 19.7% and organic growth of 16.8% when adjusting for incremental acquisition contribution and the sale of EMCOR U.K."
- Anthony Guzzi, CEO - Q1 FY26 Earnings Call - April 29, 2026
Remaining Performance Obligations
remaining_performance_obligations
EMCOR's remaining performance obligations (RPO) totaled $15.62 billion, representing year-over-year growth of 32.9%, providing excellent visibility for sustained growth.
"Our RPOs totaled $15.62 billion at the end of the quarter versus $11.75 billion in the year ago period and $13.25 billion as of December 31, 2025. This represents year-over-year growth of 32.9% and sequential growth of 17.9%."
- Anthony Guzzi, CEO - Q1 FY26 Earnings Call - April 29, 2026
Stock Expert AI - Methodology
9-pillar methodology. News Sentiment strong. Gross Margin weak.
How is it calculated? ->6 investor frameworks. 2 bullish (Ken Griffin, Buffett), 3 bearish (Jim Simons, Klarman, Munger), 1 neutral (Ray Dalio).
How is it calculated? ->Quality business, but price is high.
How is it calculated? ->Past Performance
Q1 (April 29, 2026): EPS $6.84 vs $5.90 est[FMP], +15.9% beat. D+1 movement: +7.0%[FMP D+1]. Decline despite beat - market reacted to guidance, not numbers.
Q1: EPS $6.84 vs $5.90 beat[FMP], stock +7.0% D+1[FMP].
No RPO/backlog concentration disclosed in Q1 earnings call.
Q1 CapEx $28.7M[FMP cashflow]. Q1 op margin 8.7%[FMP op margin] - this level in Q4 is sensitive to CapEx revision risk.
Not advice - a structural framework for earnings night. Decision discipline is yours.
Market Outlook
You read it in 5 minutes. When the numbers come out on Thursday evening - you know what you're looking at.
Data arrives at night. The framework is ready now.
Data arrives on Thursday evening. The framework is ready on this page: Q4 EPS threshold $7.26[FMP], CapEx threshold "below $28.7M"[Jason Nalbandian]. Two anchors, three scenarios.
Comparison Stock Expert AI Pro $24/month ($240/year), 77% cheaper than the total of three earnings-tracking tools ($1,059/year -> $240/year).
Seeking Alpha $299/yr - analyst opinions + earnings coverage TipRanks $360/yr - Smart Score (1-10) + analyst consensus + insider trades Trendspider $400/yr - AI pattern detection + automated TA + multi-timeframe alerts
Prices as of April 2026. Sources: seekingalpha.com/subscriptions - tipranks.com/pricing - trendspider.com/pricing
Stock Expert AI Pro: $24/month ($240/year). Council 7-lens analysis + MoonshotScore 9-pillar + Insider tracker + Technical levels - all in one platform, for every stock.
Educational tool, not investment advice. Past performance does not guarantee future results.
Calendar
DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.
This EME (EME) earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.
Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.