EMCOR Group IncEMCOR posted revenues up 19.7% beating estimates by 10.3% and raised full-year guidance.
The five engineering and design services stocks tracked by StockStory reported an exceptional first quarter, with aggregate revenues surpassing analysts' consensus estimates by 14.4% and next-quarter revenue guidance coming in 6.6% above expectations. EMCOR, one of the group, posted revenues of $4.63 billion, up 19.7% year on year and beating estimates by 10.3%, while also raising full-year revenue guidance above analyst projections. Sterling Infrastructure delivered the strongest performance, with revenues of $825.7 million soaring 91.6% year on year and exceeding estimates by 39.5%, alongside the highest full-year guidance raise among peers. AECOM was the weakest, reporting flat revenues of $3.80 billion that missed estimates by 5.3%. Dycom and MasTec also beat revenue estimates, with Dycom achieving the highest guidance raise among its peers and MasTec recording the weakest guidance update. Share prices across the group have risen 12.6% on average since the latest earnings results.
EMCOR Group IncEMCOR posted revenues up 19.7% beating estimates by 10.3% and raised full-year guidance.
Sterling Infrastructure, Inc.Sterling Infrastructure delivered strongest performance with revenues up 91.6% beating estimates by 39.5% and highest guidance raise.
Aecom Technology CorporationAECOM reported flat revenues missing estimates by 5.3%, the weakest in the group.
Dycom Industries IncDycom beat revenue estimates and achieved the highest guidance raise among peers.
MasTec IncMasTec beat revenue estimates but recorded the weakest guidance update among peers.