Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Has Pacasmayo (CPAC) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Pacasmayo 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 gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Pacasmayo is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CPAC's full-year earnings has moved 93.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CPAC has returned 14.4% so far this year. In comparison, Construction companies have returned an average of 13.4%. This shows that Pacasmayo is outperforming its peers so far this year.
Another Construction stock, which has outperformed the sector so far this year, is Emcor Group (EME). The stock has returned 26.6% year-to-date.
The consensus estimate for Emcor Group's current year EPS has increased 4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Pacasmayo belongs to the Building Products - Concrete and Aggregates industry, which includes 7 individual stocks and currently sits at #55 in the Zacks Industry Rank. Stocks in this group have gained about 1.8% so far this year, so CPAC is performing better this group in terms of year-to-date returns.
On the other hand, Emcor Group belongs to the Building Products - Heavy Construction industry. This 9-stock industry is currently ranked #44. The industry has moved +32% year to date.
Investors interested in the Construction sector may want to keep a close eye on Pacasmayo and Emcor Group as they attempt to continue their solid performance.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cementos Pacasmayo S.A.A. (CPAC): Free Stock Analysis Report
EMCOR Group, Inc. (EME): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).