Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. 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 companies in the Construction group. The Construction group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. PGTI is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for PGTI's full-year earnings has moved 16.79% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that PGTI has returned about 28.49% since the start of the calendar year. Meanwhile, stocks in the Construction group have lost about 8.18% on average. This shows that PGT is outperforming its peers so far this year.
Looking more specifically, PGTI belongs to the Building Products - Miscellaneous industry, which includes 26 individual stocks and currently sits at #105 in the Zacks Industry Rank. On average, stocks in this group have lost 9.34% this year, meaning that PGTI is performing better in terms of year-to-date returns.
PGTI will likely be looking to continue its solid performance, so investors interested Construction stocks should continue to pay close attention to the company.
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Is PGT (PGTI) Stock Outpacing Its Construction Peers This Year?
Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. 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 companies in the Construction group. The Construction group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. PGTI is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for PGTI's full-year earnings has moved 16.79% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that PGTI has returned about 28.49% since the start of the calendar year. Meanwhile, stocks in the Construction group have lost about 8.18% on average. This shows that PGT is outperforming its peers so far this year.
Looking more specifically, PGTI belongs to the Building Products - Miscellaneous industry, which includes 26 individual stocks and currently sits at #105 in the Zacks Industry Rank. On average, stocks in this group have lost 9.34% this year, meaning that PGTI is performing better in terms of year-to-date returns.
PGTI will likely be looking to continue its solid performance, so investors interested Construction stocks should continue to pay close attention to the company.