EMCOR Group Boosts FY19 Outlook - Quick Facts

(RTTNews) - While reporting financial results for the first quarter, EMCOR Group, Inc. (EME) on Tuesday raised its full-year 2019 guidance for earnings and revenue, based on year-to-date performance, favorable project mix and assuming the continuation of current market conditions.

For fiscal 2019, the company now projects earnings in a range of $5.00 to $5.50 per share, up from the prior guidance range of $4.70 to $5.40 per share. The company also raised its revenue outlook to between $8.5 billion to $8.6 billion from the previous guidance range of $8.3 billion to $8.4 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.27 per share on revenues of $8.36 billion for the year. Analysts' estimates typically exclude special items.