Gain detailed insights into the trading activity of Congress members for EMCOR Group on our government trades page. Stay updated on how elected officials are investing in EME.

EMCOR Group - Government Trades

EMCOR Group

EMCOR Group Inc is a specialty contractor in the United States and a provider of electrical and mechanical construction and facilities services, building services, and industrial services. Its services are provided to a broad range of commercial, technology, manufacturing, industrial, healthcare, utility, and institutional customers through approximately 100 operating subsidiaries. The company's operating subsidiaries are organized into reportable segments: United States electrical construction and facilities services, United States mechanical construction and facilities services, United States building services, United States industrial services, and United Kingdom building services. Geographically the majority of revenue is generated from the United States.

EMCOR Gr

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EMCOR Group Inc (NYSE: EME) inked a deal to acquire ECM Holding Group, Inc in 

EMCOR Buys ECM Holding, Boosting Energy Efficiency Specialty Services Business

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EMCOR Group Inc

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EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) has outperformed the market over the past 15 years by 9.19% on an annualized basis producing an average annual return of 22.03%. Currently, EMCOR Group has a market capitalization of $18.00 billion. 
Buying $1000 In EME: If an investor had bought $1000 of EME stock 15 years ago, it would be worth $20,170.09 today based on a price of $383.03 for EME at the time of writing.
<h3>EMCOR Group's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718658011_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In EMCOR Group 15 Years Ago Would Be Worth Today

The company announced today that its Board of Directors has authorized an additional&nbsp;$500 million&nbsp;for the purchase of shares of its outstanding common stock under its existing share repurchase program.

EMCOR Group Authorized An Additional $500M For Purchase Of Shares Of Outstanding Common Stock Under Its Existing Share Repurchase Program

EMCOR Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) short percent of float has risen 22.39% since its last report. The company recently reported that it has 596 thousand shares sold short, which is 1.64% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.66 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>EMCOR Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1717178424_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for EMCOR Group has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing EMCOR Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, EMCOR Group's peer group average for short interest as a percentage of float is 4.89%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(EME) - Analyzing EMCOR Group's Short Interest

EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) has outperformed the market over the past 10 years by 13.76% on an annualized basis producing an average annual return of 24.26%. Currently, EMCOR Group has a market capitalization of $18.51 billion. 
Buying $100 In EME: If an investor had bought $100 of EME stock 10 years ago, it would be worth $878.52 today based on a price of $393.90 for EME at the time of writing.
<h3>EMCOR Group's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1717088416_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In EMCOR Group 10 Years Ago Would Be Worth Today

EMCOR Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) short percent of float has risen 8.82% since its last report. The company recently reported that it has 404 thousand shares sold short, which is 1.11% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.03 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>EMCOR Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715716823_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for EMCOR Group has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing EMCOR Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, EMCOR Group's peer group average for short interest as a percentage of float is 4.72%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into EMCOR Group's Recent Short Interest

EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) has outperformed the market over the past 15 years by 8.42% on an annualized basis producing an average annual return of 20.75%. Currently, EMCOR Group has a market capitalization of $18.00 billion. 
Buying $1000 In EME: If an investor had bought $1000 of EME stock 15 years ago, it would be worth $16,691.08 today based on a price of $383.00 for EME at the time of writing.
<h3>EMCOR Group's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715617813_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 15 Years Ago, You Would Have $17,000 Today

WIIM

EMCOR Group shares are trading higher after the company last week reported better-than-expected Q1 financial results and increase FY24 guidance above estimates.

EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) has outperformed the market over the past 20 years by 11.38% on an annualized basis producing an average annual return of 19.22%. Currently, EMCOR Group has a market capitalization of $16.51 billion. 
Buying $100 In EME: If an investor had bought $100 of EME stock 20 years ago, it would be worth $3,396.71 today based on a price of $351.39 for EME at the time of writing.
<h3>EMCOR Group's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714140031_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 20 Years Ago, You Would Have $3,400 Today

EMCOR Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) short percent of float has fallen 31.54% since its last report. The company recently reported that it has 358 thousand shares sold short, which is 1.02% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.07 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>EMCOR Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714062619_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for EMCOR Group has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing EMCOR Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, EMCOR Group's peer group average for short interest as a percentage of float is 4.74%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About EMCOR Group?

EMCOR Group shares are trading higher after the company reported better-than-expected Q1 financial results and increase FY24 guidance above estimates.

Guidance

EMCOR Group Increases 2024 Revenue Guidance Range From $13.5B-$14B To $14B-$14.5B (Est $13.705B), EPS Guidance Range From $14.00-$15.00 To $15.50-$16.50 (Est $14.48)

EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) reported quarterly earnings of $4.17 per share which beat the analyst consensus estimate of $2.84 by 46.83 percent. The company reported quarterly sales of $3.430 billion which beat the analyst consensus estimate of $3.224 billion by 6.40 percent. This is a 18.69 percent increase over sales of $2.890 billion the same period last year.

Earnings Beats

EMCOR Group Q1 2024 GAAP EPS $4.17 Beats $2.84 Estimate, Sales $3.430B Beat $3.224B Estimate

EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) has outperformed the market over the past 10 years by 11.92% on an annualized basis producing an average annual return of 22.48%. Currently, EMCOR Group has a market capitalization of $16.56 billion. 
Buying $100 In EME: If an investor had bought $100 of EME stock 10 years ago, it would be worth $774.14 today based on a price of $351.88 for EME at the time of writing.
<h3>EMCOR Group's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713191413_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 10 Years Ago Would Be Worth $800 Today

EMCOR Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) short percent of float has fallen 30.05% since its last report. The company recently reported that it has 526 thousand shares sold short, which is 1.49% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>EMCOR Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712608221_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for EMCOR Group has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing EMCOR Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, EMCOR Group's peer group average for short interest as a percentage of float is 4.53%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

DA Davidson analyst Brent Thielman maintains EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) with a Buy and maintains $375 price target.

DA Davidson Maintains Buy on EMCOR Group, Maintains $375 Price Target

EMCOR Group shares are trading higher after the company reported better-than-expected Q4 financial results and issued FY24 guidance above estimates. Also, the company increased its quarterly dividend.

Dividend Increase
The Company today announced that its Board of Directors has approved an increase to the Company&#39;s regular quarterly dividend to&nbsp;$0.25&nbsp;per share from&nbsp;$0.18&nbsp;per share. The Board expects to declare this cash dividend starting in the&nbsp;second quarter&nbsp;of 2024.
Mr. Guzzi said, &quot;This planned dividend increase is a testament to the exceptional execution of our employees, confidence in our business, and solid financial foundation. We believe our strong performance across key end markets positions us for sustained success going into 2024.&quot;

Dividends

EMCOR's Board Approved An Increase In The Regular Quarterly Dividend To $0.25 Per Share From $0.18 Per Share

Full Year 2024&nbsp;Guidance
Based on expected project mix and our current visibility into the coming year, EMCOR expects full-year 2024 revenues to be between&nbsp;$13.5 billion&nbsp;and&nbsp;$14.0 billion&nbsp;and full-year 2024 diluted earnings per share to be in the range of&nbsp;$14.00&nbsp;to&nbsp;$15.00.

EMCOR Expects 2024 Revenues Of $13.5B-$14B Vs. $13.46B Consensus; Sees EPS Of $14-$15 Vs. $13.3 Consensus

EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) reported quarterly earnings of $4.47 per share which beat the analyst consensus estimate of $3.55 by 25.92 percent. This is a 69.96 percent increase over earnings of $2.63 per share from the same period last year. The company reported quarterly sales of $3.44 billion which beat the analyst consensus estimate of $3.36 billion by 2.35 percent. This is a 16.58 percent increase over sales of $2.95 billion the same period last year.

EMCOR Group Q4 EPS $4.47 Beats $3.55 Estimate, Sales $3.44B Beat $3.36B Estimate

EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-28. Here's what investors need to know before the announcement.
Analysts estimate that EMCOR Group will report an earnings per share (EPS) of $3.55. 
EMCOR Group bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.89, which was followed by a 0.35% drop in the share price the next day.
Here's a look at EMCOR Group's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.72</td>
<td>2.36</td>
<td>1.80</td>
<td>2.27</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>3.61</td>
<td>2.95</td>
<td>2.32</td>
<td>2.63</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.0%</td>
<td>6.0%</td>
<td>-0.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1709042488_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of EMCOR Group were trading at $274.88 as of February 23. Over the last 52-week period, shares are up 64.61%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/EME/earnings">To track all earnings releases for EMCOR Group visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For EMCOR Group

EMCOR Motivates Us To Rethink The 6 Scariest Investment Words

EMCOR: Upward Revision In Estimates Can Drive Further Outperformance

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Exchange-traded funds are&nbsp;a great&nbsp;way for investors to gain exposure to different industries and fund objectives without having to do all the work of picking stocks and investing in them individually. They provide a much more stress-free investing option for individuals seeking a more hands-off approach to investing.



The rate of returns for many ETFs also exceeds the returns of major stock market indices such as the S&amp;P 500. The risk of loss is also far less than that of individual stocks. However, as I discuss below, ETFs come with an expense ratio or management fee that eats into potential gains, which is important to remember. Overall, ETFs are a great investment vehicle for both novice and advanced investors.



Here are a few ETFs that have recorded strong rates of returns year-to-date that have surpassed the S&amp;P 500 and would be a great portfolio addition.



<h2>VanEck Semiconductor ETF (SMH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/semiconductor1600e-300x169.jpg" alt="semiconductor stocks Close-up electronic circuit board. technology style concept. representing semiconductor stocks. top semiconductor stocks to buy now. semiconductor stocks to sell"><div>Source: Shutterstock</div></div>VanEck Semiconductor ETF&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/smh-stock-quote/" target="_blank">SMH</a>) tracks the MVIS U.S. Listed Semiconductor 25, an index comprised of the 25 largest semiconductor companies listed in the U.S.



Its date of inception was Dec. 20, 2011. Its expense ratio is 0.35%, or $35 annually per $10,000 invested. Investors should pay close attention to this metric. It has $24 billion in assets under management. Its one-month average trading volume is roughly 7 million shares.



<a href="https://www.vaneck.com/us/en/investments/semiconductor-etf-smh/overview/" target="_blank">VanEck Semiconductor ETFs&rsquo; top three holdings</a>&nbsp;include Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/" target="_blank">NVDA</a>), Taiwan Semiconductor Manufacturing (NYSE:<a href="https://investorplace.com/stock-quotes/tsm-stock-quote/" target="_blank">TSM</a>), and Broadcom (NASDAQ:<a href="https://investorplace.com/stock-quotes/avgo-stock-quote/" target="_blank">AVGO</a>).



Nearly 80% of the fund comprises companies in the U.S., just over 10% are stocks in Taiwan, and 7% are semiconductor companies in the Netherlands.



So far in 2024, SMH performed very well, increasing by over 58% due to the strong investor sentiment surrounding the industry and massive share price growth experienced by the stocks within its holdings. It is a solid fund for investors seeking exposure to the semiconductor industry with continued upside potential.



<h2>Invesco S&amp;P 500 MidCap Momentum ETF (XMMO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/invesco_logo_invesco1600-300x169.png" alt="Invesco logo in blue with mountain image"><div>Source: Shutterstock</div></div>The Invesco S&amp;P 500 MidCap Momentum ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/xmmo-stock-quote/" target="_blank">XMMO</a>) tracks the S&amp;P MidCap 400 Momentum Index. It comprises approximately 80 stocks that score high regarding momentum by calculating upward price movement.



XMMO&rsquo;s expense ratio is 0.34%, similar to SMH. Its date of inception was March 3, 2005. Its one-month average trading volume is roughly 500,000. And its assets under management are $2.1 billion.



The fund allocates 40% to industrials, with the&nbsp;next&nbsp;largest sectors being information technology and consumer discretionary, which comprise 17% and 16% of the fund, respectively.



<a href="https://www.invesco.com/us/financial-products/etfs/product-detail?productId=XMMO&amp;ticker=XMMO&amp;title=invesco-s-p-midcap-momentum-etf" target="_blank">Invesco S&amp;P 500 MidCap Momentum ETF&rsquo;s</a>&nbsp;top three holdings include Lennox International (NYSE:<a href="https://investorplace.com/stock-quotes/lii-stock-quote/" target="_blank">LII</a>), Manhattan Associates (NASDAQ:<a href="https://investorplace.com/stock-quotes/manh-stock-quote/">MANH</a>), and Emcor Group (NYSE:<a href="https://investorplace.com/stock-quotes/eme-stock-quote/" target="_blank">EME</a>).



Year-to-date, the fund returned 27% due to its robust investment strategy, particularly surrounding strong buy of <a href="https://investorplace.com/industries/industrial/">industrial stocks</a>.



XXMO is a solid ETF that offers exposure to mid-cap companies with a high return rate.



<h2>Russell 1000 Growth ETF (IWF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/growth-stocks-1600-300x169.jpg" alt="tree growing on coin of stacking with green bokeh background; growth stocks"><div>Source: Freedom365day / Shutterstock.com</div></div>The iShares Russell 1000 Growth ETF&nbsp;(NYSEARCA:<a href="https://investorplace.com/stock-quotes/iwf-stock-quote/" target="_blank">IWF</a>) tracks the Russell 1000 Growth Index, which provides exposure primarily to large and mid-cap growth companies in the U.S.



Its inception date was May 22, 2000. Its expense ratio is the lowest of those mentioned here, at only 0.19%. Its assets under management are approximately $97 billion. Its average monthly volume is just over 1 million. As of writing, the total number of holdings within the fund is 439.



The fund comprises multiple sectors, including information technology, which makes up roughly 60%, and smaller portions of&nbsp;sectors, such as finance and consumer discretionary.



<a href="https://www.ishares.com/us/products/239706/ishares-russell-1000-growth-etf?qt=IWF" target="_blank">Russell 100 Growth ETF&rsquo;s</a>&nbsp;top three holdings include Microsoft (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>), Apple (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>), and Nvidia.



This ETF&rsquo;s year-to-date return is 21% because it is exposed to market-leading companies that have performed remarkably well recently.



IWF is a growth ETF that offers investors strong returns and potential future upside.



As of this writing, Noah Bolton held a long position in NVDA.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Noah has about a year of freelance writing experience. He&rsquo;s worked with Investopedia dealing with
topics such as the stock market and financial news.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/3-etfs-to-buy-now-june-2024/">3 ETFs to Buy Now: June 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 ETFs to Buy Now: June 2024

TimesSquare Capital U.S. Small/Mid Cap Growth Q1 2024 Commentary

TimesSquare Capital U.S. Mid Cap Growth Q1 2024 Commentary

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Finding the best mid-cap stocks to buy in 2024 is no walk in the park. While these promising companies often have growing revenues and profits, that does not always last. Moreover, even if the stocks are above a certain market capitalization threshold that won&rsquo;t always translate into less volatility.&nbsp;



As we look ahead to 2028, there exists several up and coming companies poised for significant gains. This will be a result of secular tailwinds in the economy and favorable industry trends to drive growth. For investors, this segment of the market can be a sweet spot of growth potential without the heightened risk associated with smaller, more volatile companies.&nbsp;



With a balanced approach and healthy risk management practices, investors can position their portfolios for success over the next few years.&nbsp;&nbsp;



Now, let&rsquo;s unpack the top 3 mid-cap stocks to buy that could make early investors filthy rich by 2028!



<h2>Qualys (QLYS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/11/qlys-stock-1-300x169.jpg" alt="A Qualys sign hanging on a corporate office in Silicon Valley."><div>Source: Michael Vi / Shutterstock.com</div></div>Qualys (NASDAQ:<a href="https://investorplace.com/stock-quotes/qlys-stock-quote/">QLYS</a>), a leading provider of cloud-based security and compliance solutions, has established itself as a key player in the cybersecurity industry. As cyber threats continue to escalate globally, Qualys is well positioned for expansion through 2030.&nbsp;



Qualys is one of the top under-the-radar companies in 2024. With a market capitalization of approximately $5 billion, the company is an ideal candidate for the best mid-cap stocks to buy. Qualys&rsquo; cloud-based platform, TruRisk, continues to gain traction and is driving its revenue growth and profitability in 2024. In <a href="https://investor.qualys.com/news-releases/news-release-details/qualys-announces-first-quarter-2024-financial-results">Q1 FY24</a>, revenue increased 12% year over year to $145.8 million. Earnings per share swelled 35% year over year to $1.05 per share, driven by strong operational execution. Its risk-based approach and comprehensive suite of offerings from vulnerability management to web security is driving customer satisfaction. Moreover, its <a href="https://www.qualys.com/company/newsroom/news-releases/usa/qualys-trurisk-platform-now-available-on-oracle-cloud-marketplace/#:~:text=This%20partnership%20expands%20the%20current,to%20the%20Oracle%20Cloud%20Marketplace.">recent partnership with Oracle&rsquo;s Cloud Infrastructure (OCI)</a> has further strengthened TruRisk&rsquo;s appeal across multi-cloud environments. Qualys&rsquo; strong margins and growing free cash flow profile is also a positive sign for its future growth.



<h2>Dycom Industries (DY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/telecom1600e-300x169.jpg" alt="A digital illustration of the telecom industry."><div>Source: Shutterstock</div></div>Dycom Industries (NYSE:<a href="https://investorplace.com/stock-quotes/dy-stock-quote/">DY</a>), a key provider of specialty contract services to the telecommunications industry, stands out as one of the best mid-cap stocks to buy in June.&nbsp;



DY stock plays a crucial role in the ongoing expansion and upgrade of telecommunication networks. The increased demand for high-speed data connectivity, and the continued rollout of 5G technology is an extremely positive tailwind. Its extensive experience and established relationships with major telecom providers, makes it well positioned to capitalize on these trends. 



The company&rsquo;s earnings have skyrocketed over the last 3 years, and growth doesn&rsquo;t look to be slowing down anytime soon. In its <a href="https://dycomind.com/wp-content/uploads/2024/05/Q1-2025-Results-Release.pdf">latest quarterly financial results</a>, revenue increased 9% year over year to $1.14 billion. Net earnings increased 21% year over year to $62.6 million, or $2.12 per share. Moreover, contracted revenue growth remains robust, driven by strong demand for the deployment of high-capacity fiber optic networks. These positive developments certainly make DY stock a candidate to surge 50% or more by 2028.



<h2>Invesco S&amp;P MidCap Momentum ETF (XMMO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/invesco_logo_invesco1600-300x169.png" alt="Invesco logo in blue with mountain image"><div>Source: Shutterstock</div></div>Invesco S&amp;P MidCap Momentum ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/xmmo-stock-quote/">XMMO</a>) is a great investment choice for those seeking diversified exposure to the top mid-cap stocks to buy. While not exactly a stock, this ETF seeks to track the performance of the S&amp;P MidCap 400 Momentum Index.



<a href="https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&amp;ticker=XMMO">Invesco S&amp;P MidCap Momentum ETF</a> is a hidden gem among the top ETFs to significantly outperform through 2028. It is having an incredible year thus far, up 29% as compared to the S&amp;P 500&rsquo;s rising 15%. The ETF&rsquo;s strategy is focused on selecting companies with strong price momentum, which is often indicative of underlying business fundamentals and growth potential. Notable companies include Lennox International (NYSE:<a href="https://investorplace.com/stock-quotes/lii-stock-quote/">LII</a>), Emcor Group (NYSE:<a href="https://investorplace.com/stock-quotes/eme-stock-quote/">EME</a>), and Elf Beauty (NYSE:<a href="https://investorplace.com/stock-quotes/elf-stock-quote/">ELF</a>). Additionally, its expense ratio of 0.34% is relatively cost effective when considering its performance in comparison to other ETFs on the market. While this can be true in the present moment, it&rsquo;s important to note that past performance is not indicative of future results. Therefore, investors should only invest what they can afford to potentially lose.



On the date of publication, Terel Miles did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Terel Miles is a contributing writer at InvestorPlace.com, with more than seven years of experience investing in the financial markets.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/no-brainer-buys-3-mid-cap-stocks-set-to-surge-50-or-more-by-2028/">No Brainer Buys: 3 Mid-Cap Stocks Set to Surge 50% or More by 2028</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

No Brainer Buys: 3 Mid-Cap Stocks Set to Surge 50% or More by 2028

TimesSquare Capital Global Small Cap Q1 2024 Commentary

Fostered by increasing infrastructure development projects, the adoption of Industry 4.0, and rapid urbanization and industrialization, the industrial sector is poised for robust growth. Hence, top industrial stocks EMCOR Group (EME), Owens Corning (OC), and Curtiss-Wright Corporation (CW) with leading market performance, could be ideal buys. Read more... Industrial sector segments like industrial machinery, industry building material, and industrial services have evolved significantly with favorable factors such as rising construction requirements, adoption of smart technologies, and incorporating innovative technologies in manufacturing processes.
Given the industry's bright prospects, it could be wise to invest in fundamentally strong industrial stocks EMCOR Group, Inc. (<a href="https://stocknews.com/stock/EME/">EME</a>), Owens Corning (<a href="https://stocknews.com/stock/OC/">OC</a>), and Curtiss-Wright Corporation (<a href="https://stocknews.com/stock/CW/">CW</a>) for steady gains.
Industrial sector encompasses a wide variety of organizations catering to the requirements of end-user industries through conversion of raw material to finished products via processing.
With rising adoption of automation and smart technologies enhancing the productivity and efficiency, the industrial machinery market is poised to register a <a href="https://www.gminsights.com/industry-analysis/industrial-machinery-market">CAGR of 7.5%</a>, reaching a value of $1.30 trillion by 2032.
Further, the evolving demand for residential apartments and overall construction industry's development has led to a surge in the <a href="https://www.fortunebusinessinsights.com/construction-materials-market-107415">global construction materials market</a> and is expected to reach $1.87 trillion by 2032, growing at a CAGR of 3.9%. Demand drivers for the market includes increasing infrastructure investments, rising prosperity, and boosting highway investments.
Besides, more and more industries are undergoing digital transformation to improve efficiency and their processes. The rising integration of advanced technologies like IoT and AI in industrial process open new opportunities for specialized services coupled with adoption of 4.0 market. This integration is resulting in substantial growth of <a href="https://www.marketsandmarkets.com/Market-Reports/industrial-services-market-209335409.html">industrial services</a> market.
Moreover, investor's interest in industrial stocks is evident from the SPDR Select Sector Fund - Industrial (<a href="https://stocknews.com/stock/XLI/">XLI</a>) 19.7% returns over the past year.
Given the industry's solid outlook, investing in fundamentally strong industrial stocks such as EME, OC, and CW could be wise for future gains.
Let's discuss the fundamentals of these stocks in detail:
EMCOR Group, Inc. (<a href="https://stocknews.com/stock/EME/">EME</a>)
EME offers construction and facilities, building, and industrial services mainly in the United States and the United Kingdom. The company provides design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems.
On April 4, EME's Board of Directors declared a regular quarterly cash dividend of $0.25 per common share. The dividend was paid on April 30, 2024 to stockholders of record as of April 16, 2024.
EME pays an annual dividend of $1.00, which translates to a yield of 0.26% at the current share price. Its four-year average dividend yield is 0.38%. Moreover, the company's dividend payouts have increased at a CAGR of 23.4% over the past three years.
In terms of forward <a href="https://www.investopedia.com/terms/e/enterprisevaluesales.asp">EV/Sales</a>, EME is trading at 1.21x, 31.7% lower than the industry average of 1.77x. Similarly, the stock's forward Price/Sales multiple of 1.25 is 13% lower than the industry average of 1.43.
During the first quarter that ended March 31, 2024, EME's revenues increased 18.7% year-over-year to $3.43 billion. Its gross profit grew 35.1% from the year-ago value to $589.31 million. The company's net income and EPS came in at $197.15 million and $4.17, up 76.8% and 79.7% from the prior year's quarter, respectively.
Furthermore, the company's cash and cash equivalents stood at $840.98 million as of March 31, 2024, versus $789.75 million as of December 31, 2023.
Analysts expect EME's revenue and EPS for the second quarter (ending June 2024) to increase 15.9% and 24.6% year-over-year to $3.53 billion and $3.68, respectively. Furthermore, the company has surpassed the consensus EPS and revenue estimates in all four trailing quarters.
EME's stock has gained 75.9% over the past six months and 114.5% over the past year to close the last trading session at $380.78.
EME's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
EME has a B grade for Quality, Momentum, Sentiment, and Growth. It is ranked #2 out of 78 stocks in the B-rated <a href="https://stocknews.com/category/industrial-services/">Industrial - Services</a> industry.
In addition to the POWR Ratings we've stated above, we also have EME ratings for Stability and Value. Get all EME ratings <a href="https://stocknews.com/stock/EME/">here</a>.
Owens Corning (<a href="https://stocknews.com/stock/OC/">OC</a>)
OC manufactures and sells building and construction materials internationally. It operates in three segments: Roofing; Insulation; and Composites. It manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications.
On June 20, OC's Board of Directors declared a quarterly cash dividend of $0.60 per common share. The dividend will be payable on August 2, 2024, to shareholders of record as of July 15, 2024.
OC pays an annual dividend of $2.24, which translates to a yield of 1.26% at the current share price. Its four-year average dividend yield is 1.38%. Moreover, the company's dividend payouts have increased at a CAGR of 30.8% over the past three years. Owens has raised its dividends for 5 consecutive years.
On May 15, OC completed the acquisition of Masonite International Corporation, a leading global provider of interior and exterior doors and door systems. All outstanding Masonite common shares were acquired by OC for $133 per share, with an implied transaction value of approximately $3.9 billion.
The acquisition marked a significant milestone for OC and further strengthened its position as a market leader in building and construction materials.
For the first quarter that ended March 31, 2024, OC reported net sales of $2.30 billion. The company's adjusted EBITDA increased 16% from the year-ago value to $565 million. Its adjusted earnings attributable to OC came in at $316 million and $3.59 per share, up 22.9% and 28.2% year-over-year, respectively.
Furthermore, the company's operating cash flow was $24 million, against operating outflow of $164 million during the prior year's quarter.
Street expects OC's revenue for the second quarter (ending June 2024) to increase 12.8% year-over-year to $2.89 billion, while its EPS for the same quarter is expected to grow 11.9% year-over-year to $4.31, respectively. In addition, the company has surpassed the consensus EPS estimates in each of the trailing four quarters.
Over the past six months, the stock has gained 20.2% and 42.5% over the past year to close the last trading session at $178.24.
OC's POWR Ratings reflect its promising outlook. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
The stock has a B grade for Quality and Momentum. Within the B-rated <a href="https://stocknews.com/category/industrial-building-materials/">Industrial – Building Materials</a> industry, OC is ranked #5 of 46 stocks.
<a href="https://stocknews.com/stock/OC/">Click here</a> to access additional ratings of OC for Value, Stability, Growth, and Sentiment.
Curtiss-Wright Corporation (<a href="https://stocknews.com/stock/CW/">CW</a>)
CW offers engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates in three segments: Aerospace &amp; Industrial; Defense Electronics; and Naval &amp; Power.
On June 3, CW entered into an agreement to acquire the stock of Ultra Nuclear Limited and Weed Instrument Co., Inc., a subsidiary of Ultra Electronics, for $200 million in cash.
The strategic acquisition expands CW's global portfolio with highly complementary, critical measurement and control solutions supporting the modernization of existing commercial nuclear power plants, and the design of new and advanced power plants including small modular reactors.
On May 21, CW was awarded a $16 million contract by Iron Bow, acting as the prime contractor, to provide the U.S. Air Force with an integrated solution offering optimization and improvement for deployable communications. As per the contract, CW will provide the USAF with its PacStar&#xAE; 400 series modules and Commercial Solutions for Classified integration.
Also, on May 15, CW was awarded contracts valued in excess of $130 million to provide propulsion valves, pumps and advanced instrumentation and control systems for the U.S. Navy's Virginia-class nuclear powered attack submarine, Columbia-class submarine and Ford-class aircraft carrier programs.
During the first quarter that ended March 31, 2024, CW's sales increased 13% year-over-year to $713.17 million, while its gross profit rose 14.6% year-over-year to $253.75 million. Its adjusted operating income grew 23.4% from the prior year's quarter to $99.96 million.
Also, the company's net earnings came in at $76.49 million and $1.99 per share, up 34.6% and 34.4% year-over-year, respectively.
According to the updated full-year 2024 guidance, CW expects total sales of $2.98 billion - $3.03 billion, up 5% - 7%. It expects its operating income to range from $518 million to $533 million, up 5% - 8%. The company's EPS is expected to be $10.10 - $10.40, indicates 8% - 11% growth and free cash flow is expected to range between $415 million and $435 million, up 0% to 5%.
Analysts expect CW's EPS for the second quarter (ending June 2024) to increase 7.4% year-over-year to $2.31. The company's revenue is expected to grow 4.5% year-over-year to $735.72 million for the same period. Moreover, the company has topped the consensus EPS and revenue estimates in all of the four trailing quarters.
CW's stock has surged 24.5% over the past six months and 58.5% over the past year to close the last trading session at $275.39.
CW's POWR Ratings reflect this robust outlook. The stock has an overall rating of A, translating to a Strong Buy in our proprietary rating system.
The stock has a B grade for Sentiment, Momentum, and Quality. Within the A-rated <a href="https://stocknews.com/category/industrial-machinery/">Industrial - Machinery</a>, CW is ranked #5 out of 79 stocks.
<a href="https://stocknews.com/stock/CW/">Click here</a> to access additional ratings of CW for Stability, Growth, and Value.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
EME shares were trading at $375.71 per share on Tuesday afternoon, down $5.07 (-1.33%). Year-to-date, EME has gained 74.67%, versus a 14.89% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/eme-oc-cw-3-top-rated-industrial-stocks-for-steady-gains/>3 Top-Rated Industrial Stocks for Steady Gains</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Top-Rated Industrial Stocks for Steady Gains

Enovix Corp. (ENVX), the next-generation battery maker, has generated far more hype than demonstrated results. While the several promising updates position the company at an inflection point, let's find out if ENVX is worth buying. Read on… Enovix Corporation (<a href="https://stocknews.com/stock/ENVX/">ENVX</a>) stock has surged more than 40% over the past month alone, driven by significant game-changing deals that validated the business. In this article, we'll delve into ENVX's fundamental strengths and assess whether this small-cap battery stock is a worthy addition to your portfolio.
Enovix is a leader in advanced lithium-ion batteries. Its silicon anode design allows for greater energy density, discharge, and recharge rates, making it ideal for various applications, from military and government equipment to consumer electronics like cameras, PCs, and IoT devices.
Recently, the company has been a hot topic on social media, with enthusiasts claiming its transformational battery could transform consumer electronics and electric vehicles. However, only some are convinced. Critics question the viability of its ambitious claims and argue that the stock is <a href="https://static1.squarespace.com/static/6473d263e550ac20b1438dd4/t/649506621f76f94fefce8f55/1687488098282/ENVX+-+PFC.pdf">overhyped</a>.
Adding to the concerns, the company has faced significant challenges, including significant losses in its latest quarterly report and a substantial <a href="https://www.msn.com/en-us/money/markets/enovix-lays-off-roughly-one-third-of-staff-in-cost-cutting-effort-report/ar-BB1lV8tj">reduction in its workforce</a>. Last quarter, the company generated just $5 million in revenue, with analysts predicting further declines. This is quite alarming for a company with a market capitalization exceeding $2 billion.
Despite these issues, shares of ENVX have surged 105.6% over the past three months and 25.3% year-to-date to close the last trading session at $15.69.
Here's what could influence ENVX's performance in the upcoming months:
Recent Developments That Claim to Hold Promise
On June 26, ENVX signed a memorandum of understanding (MOU) <a href="https://ir.enovix.com/news-releases/news-release-details/enovix-signs-mou-leading-consumer-electronics-battery-pack">with Elentec</a>, an Asian consumer electronics battery pack manufacturer that supplies major companies like Samsung. This partnership marks a significant step for Enovix, enhancing its vertical integration and establishing a foothold in South Korea. The MOU broadens ENVX's market reach into wearables, hearables, medical devices, industrial equipment, and even the South Korean military.
A day before, the company <a href="https://ir.enovix.com/news-releases/news-release-details/enovix-signs-agreement-deliver-high-performance-batteries-mixed">signed an agreement</a> with a leading California-based technology company to supply silicon batteries and packs for a mixed reality headset. This venture into the mixed reality space comes at a time when global shipments of virtual reality and augmented reality headsets are expected to grow significantly, from under 10 million units in 2024 to over 35 million units by 2028.
On May 1, ENVX entered its first development agreement <a href="https://ir.enovix.com/news-releases/news-release-details/enovix-reaches-development-agreement-leading-smartphone-oem">with a top 5 smartphone OEM</a> and plans to sample its batteries with 6 of the top 8 smartphone OEMs globally. If successful, this could significantly boost demand for Enovix's advanced batteries.
Moreover, it intends to produce silicon batteries at its Fab2 site in Malaysia. Initial production will come through 1 Gen2 Autoline, which has the capacity to produce 9.5 million batteries annually at a rate of 1350 units per hour. That said, management expects future lines to operate at a run rate of 1650 units per hour, translating to around 11.6 million batteries per year.
Weak Financial Performance
In the first quarter that ended March 31, 2024, ENVX revenue amounted to $5.27 million (down by 28.4% sequentially), while its total operating expenses grew 33.9% from the year-ago value to $68.34 million. Enovix's non-GAAP loss from operations saw a worrying 59.3% year-over-year increase, widening to $54.29 million.
The company's non-GAAP net loss amounted to $51.65 million or $0.31 per share, a significant increase compared to $31.61 million or $0.20 per share in the prior year's quarter. In addition, its adjusted EBITDA loss for the quarter stood at $26.34 million.
Net cash outflows from operating activities totaled $35.04 million, up 36.8% from the previous year's outflows of $25.61 million. The company's cash and cash equivalents were $222.15 million as of March 31, 2024, compared to $233.12 million as of December 31, 2023.
Mixed Analyst Estimates
Analysts expect ENVX to post a loss per share of $0.30 in the second quarter ending June 2024, indicating a 27% year-over-year increase. Moreover, its EPS is expected to remain negative in the fiscal years 2024 and 2025.
However, its revenue for the current quarter is expected to increase significantly from the prior year to $3.75 million. For the fiscal year ending December 2024, the company's revenue is expected to reach $21.68 million, reflecting a 183.7% improvement from the previous year.
Elevated Valuation
In terms of forward EV/Sales, ENVX is trading at 114.81x, which is significantly higher than the industry average of 1.79x. Similarly, its forward Price/Sales multiple of 117.84 compares unfavorably above the industry average of 1.42. Also, the stock's forward Price/Book ratio of 16.28x is 510.9% higher than the industry average of 2.67x.
Weak Profitability
ENVX's trailing-12-month Return on Common Equity of negative 69.02% is lower than the industry average of 12.50%. Likewise, its trailing-12-month ROTC and ROTA of negative 33.05% and negative 36.71% compares to the industry averages of 7.16% and 4.91%, respectively. In addition, the stock's 0.03x trailing-12-month asset turnover ratio is 96.4% lower than the 0.79x industry average.
POWR Ratings Reflect a Weak Outlook
ENVX's bleak fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall F rating, equating to a Strong Sell in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. ENVX has an F grade for Value and Quality, which is consistent with its extremely elevated valuation and lower profit margins. Also, it has an F grade for Stability. ENVX's 24-month beta of 3.19 justifies the Stability grade.
Within the <a href="https://stocknews.com/category/industrial-services/">Industrial - Services</a> industry, ENVX is ranked #77 out of 78 stocks.
Beyond what I have stated above, we have also given ENVX grades for Growth and Momentum. Get all ENVX's ratings <a href="https://stocknews.com/stock/ENVX/">here</a>.
Bottom Line
As the company is nearing an inflection point in its business, it faces inherent risks tied to its technology and potential capital needs for expanding production capacity. While ENVX's battery technology holds promise, its adoption by OEMs remains unproven, leaving room for adjustments in battery chemistry or dimensions to meet smartphone requirements. Despite management's expectation of adequate liquidity through 2026, there needs to be more certainty around funding future Gen2 production lines, potentially necessitating capital raises.
Given ENVX's weak financial performance, stretched valuation, decelerating profitability, and dim growth prospects, it could be wise to avoid investing in this stock.
Stocks to Consider Instead of Enovix Corporation (ENVX)
Given its uncertain short-term prospects, the odds of ENVX outperforming in the weeks and months ahead are compromised. However, there are many industry peers with much more impressive POWR Ratings. So, consider these three A-rated (Strong Buy) stocks from the <a href="https://stocknews.com/category/industrial-services/">Industrial - Services</a> industry instead: Resideo Technologies, Inc. (<a href="https://stocknews.com/stock/REZI/">REZI</a>), EMCOR Group, Inc. (<a href="https://stocknews.com/stock/EME/">EME</a>), and Itron, Inc. (<a href="https://stocknews.com/stock/ITRI/">ITRI</a>).
To explore more A and B-rated industrial service stocks, <a href="https://stocknews.com/category/industrial-services/">click here</a>.
What To Do Next?
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ENVX shares were trading at $14.97 per share on Friday afternoon, down $0.72 (-4.59%). Year-to-date, ENVX has gained 19.57%, versus a 15.78% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/envx-rezi-eme-itri-is-enovix-a-small-cap-battery-stock-worth-buying/>Is Enovix a Small-Cap Battery Stock Worth Buying?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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