The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Norbord 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.
Norbord is a member of the Construction sector. This group includes 99 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. OSB is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for OSB's full-year earnings has moved 34.51% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, OSB has returned 22.39% so far this year. Meanwhile, the Construction sector has returned an average of -6.19% on a year-to-date basis. This means that Norbord is performing better than its sector in terms of year-to-date returns.
Looking more specifically, OSB belongs to the Building Products - Wood industry, a group that includes 11 individual stocks and currently sits at #19 in the Zacks Industry Rank. Stocks in this group have gained about 8.06% so far this year, so OSB is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Construction stocks should continue to pay close attention to OSB as it looks to continue its solid performance.
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Has Norbord (OSB) Outpaced Other Construction Stocks This Year?
The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Norbord 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.
Norbord is a member of the Construction sector. This group includes 99 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. OSB is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for OSB's full-year earnings has moved 34.51% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, OSB has returned 22.39% so far this year. Meanwhile, the Construction sector has returned an average of -6.19% on a year-to-date basis. This means that Norbord is performing better than its sector in terms of year-to-date returns.
Looking more specifically, OSB belongs to the Building Products - Wood industry, a group that includes 11 individual stocks and currently sits at #19 in the Zacks Industry Rank. Stocks in this group have gained about 8.06% so far this year, so OSB is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Construction stocks should continue to pay close attention to OSB as it looks to continue its solid performance.