EMCOR Group (EME) Delivers Record Q3 – So Why Are Shares Crashing?
EMCOR reported record Q3 revenue of $4.3 billion, up 16.4% year-over-year, and GAAP EPS of $6.57. Backlog hit an all-time high of $12.61 billion. Despite raising full-year guidance, EME stock plunged 17% on Oct. 30 after rallying to $777 the prior day. Analysts remain mostly bullish, with a consensus price target near $679.
