EMCOR Group IncRevenue beat estimates but stock slipped 2.2%.
Engineering and design services stocks reported an exceptional first quarter, with the five companies tracked by StockStory beating revenue estimates by 14.4% on average and issuing next-quarter revenue guidance 6.6% above consensus. MasTec posted revenue of $3.83 billion, up 34.5% year-on-year and 10.3% above expectations, but delivered the weakest guidance update of the group, and its shares fell 3.5% since the report. Sterling Infrastructure was the standout, with revenue of $825.7 million surging 91.6% year-on-year and beating estimates by 39.5%, while also recording the highest full-year guidance raise among peers, sending its stock up 64%. AECOM was the weakest, with flat revenue of $3.80 billion missing estimates by 5.3%, and its shares dropped 12%. EMCOR reported revenue of $4.63 billion, up 19.7% and 10.3% above estimates, but its stock slipped 2.2%, while Dycom's revenue of $1.96 billion rose 56.1% and beat by 17.3%, and its shares gained 6.3%.
EMCOR Group IncRevenue beat estimates but stock slipped 2.2%.
Sterling Infrastructure, Inc.Revenue surged 91.6% beating estimates by 39.5% and raised full-year guidance, stock up 64%.
Aecom Technology CorporationRevenue missed estimates by 5.3% and shares dropped 12%.
Dycom Industries IncRevenue beat estimates by 17.3% and shares gained 6.3%.
MasTec IncRevenue beat estimates but gave weakest guidance and shares fell 3.5%.