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Is EMCOR Group (EME) Stock Outpacing Its Construction Peers This Year?
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For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Emcor Group (EME - 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.
Emcor Group is a member of our Construction group, which includes 101 different companies and currently sits at #15 in 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 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. Emcor Group is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for EME's full-year earnings has moved 0.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that EME has returned about 14.4% since the start of the calendar year. In comparison, Construction companies have returned an average of -25.1%. This shows that Emcor Group is outperforming its peers so far this year.
Another stock in the Construction sector, Comfort Systems (FIX - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 23.1%.
In Comfort Systems' case, the consensus EPS estimate for the current year increased 6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Emcor Group belongs to the Building Products - Heavy Construction industry, which includes 12 individual stocks and currently sits at #85 in the Zacks Industry Rank. On average, stocks in this group have lost 1.5% this year, meaning that EME is performing better in terms of year-to-date returns.
In contrast, Comfort Systems falls under the Building Products - Air Conditioner and Heating industry. Currently, this industry has 6 stocks and is ranked #67. Since the beginning of the year, the industry has moved -19.3%.
Investors with an interest in Construction stocks should continue to track Emcor Group and Comfort Systems. These stocks will be looking to continue their solid performance.
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Is EMCOR Group (EME) Stock Outpacing Its Construction Peers This Year?
For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Emcor Group (EME - 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.
Emcor Group is a member of our Construction group, which includes 101 different companies and currently sits at #15 in 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 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. Emcor Group is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for EME's full-year earnings has moved 0.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that EME has returned about 14.4% since the start of the calendar year. In comparison, Construction companies have returned an average of -25.1%. This shows that Emcor Group is outperforming its peers so far this year.
Another stock in the Construction sector, Comfort Systems (FIX - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 23.1%.
In Comfort Systems' case, the consensus EPS estimate for the current year increased 6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Emcor Group belongs to the Building Products - Heavy Construction industry, which includes 12 individual stocks and currently sits at #85 in the Zacks Industry Rank. On average, stocks in this group have lost 1.5% this year, meaning that EME is performing better in terms of year-to-date returns.
In contrast, Comfort Systems falls under the Building Products - Air Conditioner and Heating industry. Currently, this industry has 6 stocks and is ranked #67. Since the beginning of the year, the industry has moved -19.3%.
Investors with an interest in Construction stocks should continue to track Emcor Group and Comfort Systems. These stocks will be looking to continue their solid performance.