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Is EMCOR Group (EME) Outperforming Other Construction Stocks 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. 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? Let's take a closer look at the stock's year-to-date performance to find out.
Emcor Group is a member of the Construction sector. This group includes 96 individual stocks and currently holds a Zacks Sector Rank of #1. 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. Emcor Group is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for EME's full-year earnings has moved 11.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, EME has returned 37.6% so far this year. At the same time, Construction stocks have gained an average of 19.5%. As we can see, Emcor Group is performing better than its sector in the calendar year.
Another stock in the Construction sector, James Hardie (JHX - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 39.6%.
Over the past three months, James Hardie's consensus EPS estimate for the current year has increased 15.6%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Emcor Group belongs to the Building Products - Heavy Construction industry, a group that includes 11 individual stocks and currently sits at #106 in the Zacks Industry Rank. On average, stocks in this group have gained 10.1% this year, meaning that EME is performing better in terms of year-to-date returns.
James Hardie, however, belongs to the Building Products - Miscellaneous industry. Currently, this 27-stock industry is ranked #25. The industry has moved +22.8% so far this year.
Investors with an interest in Construction stocks should continue to track Emcor Group and James Hardie. These stocks will be looking to continue their solid performance.
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Is EMCOR Group (EME) Outperforming 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. 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? Let's take a closer look at the stock's year-to-date performance to find out.
Emcor Group is a member of the Construction sector. This group includes 96 individual stocks and currently holds a Zacks Sector Rank of #1. 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. Emcor Group is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for EME's full-year earnings has moved 11.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, EME has returned 37.6% so far this year. At the same time, Construction stocks have gained an average of 19.5%. As we can see, Emcor Group is performing better than its sector in the calendar year.
Another stock in the Construction sector, James Hardie (JHX - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 39.6%.
Over the past three months, James Hardie's consensus EPS estimate for the current year has increased 15.6%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Emcor Group belongs to the Building Products - Heavy Construction industry, a group that includes 11 individual stocks and currently sits at #106 in the Zacks Industry Rank. On average, stocks in this group have gained 10.1% this year, meaning that EME is performing better in terms of year-to-date returns.
James Hardie, however, belongs to the Building Products - Miscellaneous industry. Currently, this 27-stock industry is ranked #25. The industry has moved +22.8% so far this year.
Investors with an interest in Construction stocks should continue to track Emcor Group and James Hardie. These stocks will be looking to continue their solid performance.