The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. PGT 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 PGTI and the rest of the Construction group's stocks.
PGT is one of 99 individual stocks in the Construction sector. Collectively, these companies sit at #2 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. PGTI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for PGTI's full-year earnings has moved 12.24% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, PGTI has moved about 43.03% on a year-to-date basis. In comparison, Construction companies have returned an average of -9.32%. This shows that PGT is outperforming its peers so far this year.
Looking more specifically, PGTI belongs to the Building Products - Miscellaneous industry, a group that includes 26 individual stocks and currently sits at #61 in the Zacks Industry Rank. This group has lost an average of 8.85% so far this year, so PGTI is performing better in this area.
Investors in the Construction sector will want to keep a close eye on PGTI as it attempts to continue its solid performance.
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Is PGT (PGTI) Outperforming 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. PGT 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 PGTI and the rest of the Construction group's stocks.
PGT is one of 99 individual stocks in the Construction sector. Collectively, these companies sit at #2 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. PGTI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for PGTI's full-year earnings has moved 12.24% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, PGTI has moved about 43.03% on a year-to-date basis. In comparison, Construction companies have returned an average of -9.32%. This shows that PGT is outperforming its peers so far this year.
Looking more specifically, PGTI belongs to the Building Products - Miscellaneous industry, a group that includes 26 individual stocks and currently sits at #61 in the Zacks Industry Rank. This group has lost an average of 8.85% so far this year, so PGTI is performing better in this area.
Investors in the Construction sector will want to keep a close eye on PGTI as it attempts to continue its solid performance.