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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. Has Emcor Group (EME - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.
Emcor Group is one of 88 individual stocks in the Construction sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Emcor Group is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for EME's full-year earnings has moved 6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, EME has returned 37.8% so far this year. Meanwhile, the Construction sector has returned an average of 8.6% on a year-to-date basis. This means that Emcor Group is outperforming the sector as a whole this year.
Frontdoor (FTDR - Free Report) is another Construction stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 15.3%.
Over the past three months, Frontdoor's consensus EPS estimate for the current year has increased 12.6%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Emcor Group belongs to the Building Products - Heavy Construction industry, a group that includes 9 individual companies and currently sits at #1 in the Zacks Industry Rank. This group has gained an average of 31% so far this year, so EME is performing better in this area.
On the other hand, Frontdoor belongs to the Building Products - Miscellaneous industry. This 30-stock industry is currently ranked #94. The industry has moved +3.4% year to date.
Emcor Group and Frontdoor could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
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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. Has Emcor Group (EME - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.
Emcor Group is one of 88 individual stocks in the Construction sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Emcor Group is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for EME's full-year earnings has moved 6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, EME has returned 37.8% so far this year. Meanwhile, the Construction sector has returned an average of 8.6% on a year-to-date basis. This means that Emcor Group is outperforming the sector as a whole this year.
Frontdoor (FTDR - Free Report) is another Construction stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 15.3%.
Over the past three months, Frontdoor's consensus EPS estimate for the current year has increased 12.6%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Emcor Group belongs to the Building Products - Heavy Construction industry, a group that includes 9 individual companies and currently sits at #1 in the Zacks Industry Rank. This group has gained an average of 31% so far this year, so EME is performing better in this area.
On the other hand, Frontdoor belongs to the Building Products - Miscellaneous industry. This 30-stock industry is currently ranked #94. The industry has moved +3.4% year to date.
Emcor Group and Frontdoor could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.