The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Norbord been one of those stocks this year? 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.
Norbord is a member of the Construction sector. This group includes 99 individual stocks and currently holds a Zacks Sector Rank of #10. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. OSB is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for OSB's full-year earnings has moved 19.37% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, OSB has gained about 12.63% so far this year. At the same time, Construction stocks have lost an average of 7.63%. As we can see, Norbord is performing better than its sector in the calendar year.
Breaking things down more, OSB is a member of the Building Products - Wood industry, which includes 11 individual companies and currently sits at #31 in the Zacks Industry Rank. On average, this group has gained an average of 1.85% so far this year, meaning that OSB is performing better in terms of year-to-date returns.
OSB 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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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. Has Norbord been one of those stocks this year? 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.
Norbord is a member of the Construction sector. This group includes 99 individual stocks and currently holds a Zacks Sector Rank of #10. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. OSB is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for OSB's full-year earnings has moved 19.37% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, OSB has gained about 12.63% so far this year. At the same time, Construction stocks have lost an average of 7.63%. As we can see, Norbord is performing better than its sector in the calendar year.
Breaking things down more, OSB is a member of the Building Products - Wood industry, which includes 11 individual companies and currently sits at #31 in the Zacks Industry Rank. On average, this group has gained an average of 1.85% so far this year, meaning that OSB is performing better in terms of year-to-date returns.
OSB will likely be looking to continue its solid performance, so investors interested Construction stocks should continue to pay close attention to the company.