Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Is Everus Construction Group, Inc. (ECG) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.
Everus Construction Group, Inc. is a member of our Construction group, which includes 93 different companies and currently sits at #15 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. 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 5.5% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ECG has gained about 76.5% so far this year. In comparison, Construction companies have returned an average of 14.7%. This shows that Everus Construction Group, Inc. is outperforming its peers so far this year.
Lennox International (LII) is another Construction stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 17.6%.
Over the past three months, Lennox International's consensus EPS estimate for the current year has increased 0.7%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Everus Construction Group, Inc. is a member of the Building Products - Miscellaneous industry, which includes 34 individual companies and currently sits at #186 in the Zacks Industry Rank. On average, stocks in this group have gained 2.6% this year, meaning that ECG is performing better in terms of year-to-date returns.
Lennox International, however, belongs to the Building Products - Air Conditioner and Heating industry. Currently, this 9-stock industry is ranked #67. The industry has moved +44.7% so far this year.
Everus Construction Group, Inc. and Lennox International could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
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Everus Construction Group, Inc. (ECG): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).