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Is Century Communities (CCS) Stock Outpacing Its Construction Peers This Year?
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Investors focused on the Construction space have likely heard of Century Communities (CCS - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Century Communities is a member of the Construction sector. This group includes 104 individual stocks and currently holds a Zacks Sector Rank of #5. 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 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. CCS is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CCS's full-year earnings has moved 10.97% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CCS has gained about 58.63% so far this year. In comparison, Construction companies have returned an average of 20.57%. This means that Century Communities is performing better than its sector in terms of year-to-date returns.
Looking more specifically, CCS belongs to the Building Products - Home Builders industry, which includes 19 individual stocks and currently sits at #49 in the Zacks Industry Rank. On average, this group has gained an average of 24.06% so far this year, meaning that CCS is performing better in terms of year-to-date returns.
CCS will likely be looking to continue its solid performance, so investors interested in Construction stocks should continue to pay close attention to the company.
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Is Century Communities (CCS) Stock Outpacing Its Construction Peers This Year?
Investors focused on the Construction space have likely heard of Century Communities (CCS - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Century Communities is a member of the Construction sector. This group includes 104 individual stocks and currently holds a Zacks Sector Rank of #5. 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 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. CCS is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CCS's full-year earnings has moved 10.97% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CCS has gained about 58.63% so far this year. In comparison, Construction companies have returned an average of 20.57%. This means that Century Communities is performing better than its sector in terms of year-to-date returns.
Looking more specifically, CCS belongs to the Building Products - Home Builders industry, which includes 19 individual stocks and currently sits at #49 in the Zacks Industry Rank. On average, this group has gained an average of 24.06% so far this year, meaning that CCS is performing better in terms of year-to-date returns.
CCS will likely be looking to continue its solid performance, so investors interested in Construction stocks should continue to pay close attention to the company.