For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Beazer Homes (BZH) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Beazer Homes is a member of the Construction sector. This group includes 92 individual stocks and currently holds a Zacks Sector Rank of #8. 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 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. Beazer Homes is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for BZH's full-year earnings has moved 20.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, BZH has moved about 63.6% on a year-to-date basis. Meanwhile, stocks in the Construction group have gained about 11.4% on average. As we can see, Beazer Homes is performing better than its sector in the calendar year.
Another stock in the Construction sector, Crawford & Company B (CRD.B), has outperformed the sector so far this year. The stock's year-to-date return is 12.2%.
Over the past three months, Crawford & Company B's consensus EPS estimate for the current year has increased 14.9%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Beazer Homes belongs to the Building Products - Home Builders industry, a group that includes 16 individual stocks and currently sits at #171 in the Zacks Industry Rank. This group has lost an average of 0.5% so far this year, so BZH is performing better in this area.
Crawford & Company B, however, belongs to the Building Products - Miscellaneous industry. Currently, this 34-stock industry is ranked #107. The industry has moved +6% so far this year.
Beazer Homes and Crawford & Company B could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
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Beazer Homes USA, Inc. (BZH): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).