Emcor Seen Posting Continued Growth, Margin Strength in Q3, UBS Says

MT newswire2026/10/09 19:05

03:05 PM EDT, 10/09/2026 (MT Newswires) -- Emcor Group (EME) should post continued strength in organic growth, margins and bookings in Q3, with consensus margin estimates looking too conservative, UBS Securities said in a note Friday. The company is expected to report its Q3 results on Oct. 29. Consensus assumes second-half margins roughly in line with last year, even though management has said the second-quarter margin strength could be repeated, the firm said. UBS is about 20 basis points ahead of consensus on operating margin and expects 20% organic growth in Q3, compared with 19.6% in Q2. The investment firm cautioned that investors already expect another earnings beat and guidance increase, so a more modest beat and raise could disappoint. It also expects bookings and backlog to grow, although at a slower pace than in the first half. UBS has a buy rating and a $1,065 price target on Emcor. The company's shares were up 1.8% in late Friday afternoon trading. Price: 792.21, Change: +13.97, Percent Change: +1.80

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