WallStSmart
EME

EMCOR Group Inc

NYSE: EME · INDUSTRIALS · ENGINEERING & CONSTRUCTION

$833.37
-3.52% today

Updated 2026-04-29

Market cap
$37.11B
P/E ratio
28.01
P/S ratio
2.19x
EPS (TTM)
$29.75
Dividend yield
—
52W range
$415 – $888
Volume
0.4M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

EMCOR Group Inc (EME) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$833.37
Consensus
$831.67
-0.20%
2030 Target
$6,882.33
+725.84%
DCF
—
—
7 analysts:
3 Buy1 Hold0 Sell

Management guidance

EMCOR management provided FY2026 guidance with cautious near-term outlook but emphasized strong underlying fundamentals. The company reported record FY2025 revenue of $16.99B (16.62% growth) and record remaining performance obligations of $13.25B, indicating substantial contracted revenue visibility. Management highlighted data center construction as a major growth driver, with diversified exposure across healthcare, manufacturing, institutional, and infrastructure sectors. Specific FY2026 revenue targets were not explicitly stated in available guidance, but the company affirmed confidence in executing its $13.25B backlog.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$11,420.13
$25.6B Rev × 20x P/S
Base case (2030)
$6,882.33
$25.6B Rev × 12x P/S
Bear case (2030)
$4,537.80
$25.6B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$12.6B$14.6B$17.0B$18.5B$20.1B$21.9B$23.7B$25.6B
Revenue growth—15.8%16.6%8.8%8.6%8.9%8.2%8.0%
EPS$13.31$21.54$25.74$28.80$32.50$36.80$41.20$45.80
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$4,991.58$5,369.73$5,899.14$6,352.92$6,882.33

Catalysts & risks

Growth catalysts
+ Data center construction boom driven by AI infrastructure investments (Meta, Microsoft, Google capex cycles)
+ Record $13.25B remaining performance obligations providing multi-year revenue visibility
+ Strategic exit from UK operations to focus on higher-margin US infrastructure and complex facilities
+ Operating margin expansion initiatives as company scales and achieves cost synergies
+ $500M share buyback authorization supporting EPS accretion
+ Infrastructure spending tailwinds from US government capex and private sector modernization
Key risks
- Macro recession reducing customer capex and project delays in discretionary infrastructure
- Labor cost inflation and contractor availability constraints pressuring margins
- Operating leverage working in reverse if project volumes decline faster than fixed costs adjust
- Competitive intensity in electrical and mechanical contracting from larger and specialized competitors
- Project execution risks on large complex facilities and data center builds
- Integration execution on recent and future acquisitions

Methodology

EMCOR Group Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 7 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.