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Is AAON (AAON) 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. AAON (AAON - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.
AAON is a member of the Construction sector. This group includes 99 individual stocks and currently holds a Zacks Sector Rank of #6. 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. AAON is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AAON's full-year earnings has moved 10.13% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, AAON has returned 12.67% so far this year. Meanwhile, the Construction sector has returned an average of -8.02% on a year-to-date basis. This shows that AAON is outperforming its peers so far this year.
To break things down more, AAON belongs to the Building Products - Air Conditioner and Heating industry, a group that includes 5 individual companies and currently sits at #59 in the Zacks Industry Rank. This group has gained an average of 7.54% so far this year, so AAON is performing better in this area.
Investors with an interest in Construction stocks should continue to track AAON. The stock will be looking to continue its solid performance.
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Is AAON (AAON) 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. AAON (AAON - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.
AAON is a member of the Construction sector. This group includes 99 individual stocks and currently holds a Zacks Sector Rank of #6. 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. AAON is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AAON's full-year earnings has moved 10.13% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, AAON has returned 12.67% so far this year. Meanwhile, the Construction sector has returned an average of -8.02% on a year-to-date basis. This shows that AAON is outperforming its peers so far this year.
To break things down more, AAON belongs to the Building Products - Air Conditioner and Heating industry, a group that includes 5 individual companies and currently sits at #59 in the Zacks Industry Rank. This group has gained an average of 7.54% so far this year, so AAON is performing better in this area.
Investors with an interest in Construction stocks should continue to track AAON. The stock will be looking to continue its solid performance.