Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Has Everus Construction Group, Inc. (ECG) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Everus Construction Group, Inc. is a member of the Construction sector. This group includes 90 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Everus Construction Group, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ECG's full-year earnings has moved 8.2% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, ECG has gained about 55.3% so far this year. Meanwhile, the Construction sector has returned an average of 11.9% on a year-to-date basis. As we can see, Everus Construction Group, Inc. is performing better than its sector in the calendar year.
Kadant (KAI) is another Construction stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 13.4%.
The consensus estimate for Kadant's current year EPS has increased 8.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Everus Construction Group, Inc. belongs to the Building Products - Miscellaneous industry, which includes 33 individual stocks and currently sits at #172 in the Zacks Industry Rank. This group has gained an average of 3.4% so far this year, so ECG is performing better in this area.
On the other hand, Kadant belongs to the Engineering - R and D Services industry. This 22-stock industry is currently ranked #57. The industry has moved +30.7% year to date.
Investors interested in the Construction sector may want to keep a close eye on Everus Construction Group, Inc. and Kadant as they attempt to continue their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).