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Is Lennar (LEN) Stock Outpacing Its Construction Peers This Year?
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The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Lennar (LEN - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of LEN and the rest of the Construction group's stocks.
Lennar is a member of the Construction sector. This group includes 104 individual stocks and currently holds a Zacks Sector Rank of #6. 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 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. LEN is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for LEN's full-year earnings has moved 20.81% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, LEN has gained about 31.33% so far this year. In comparison, Construction companies have returned an average of 17%. This means that Lennar is outperforming the sector as a whole this year.
Looking more specifically, LEN belongs to the Building Products - Home Builders industry, a group that includes 19 individual stocks and currently sits at #92 in the Zacks Industry Rank. This group has gained an average of 16.81% so far this year, so LEN is performing better in this area.
Investors in the Construction sector will want to keep a close eye on LEN as it attempts to continue its solid performance.
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Is Lennar (LEN) Stock Outpacing Its Construction Peers This Year?
The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Lennar (LEN - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of LEN and the rest of the Construction group's stocks.
Lennar is a member of the Construction sector. This group includes 104 individual stocks and currently holds a Zacks Sector Rank of #6. 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 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. LEN is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for LEN's full-year earnings has moved 20.81% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, LEN has gained about 31.33% so far this year. In comparison, Construction companies have returned an average of 17%. This means that Lennar is outperforming the sector as a whole this year.
Looking more specifically, LEN belongs to the Building Products - Home Builders industry, a group that includes 19 individual stocks and currently sits at #92 in the Zacks Industry Rank. This group has gained an average of 16.81% so far this year, so LEN is performing better in this area.
Investors in the Construction sector will want to keep a close eye on LEN as it attempts to continue its solid performance.