We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Dycom Industries (DY) Outperforming Other Construction Stocks This Year?
Read MoreHide Full Article
Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Dycom Industries (DY - 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? 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.
Dycom Industries is one of 92 companies in the Construction group. The Construction group currently sits at #15 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Dycom Industries is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for DY's full-year earnings has moved 4.8% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, DY has moved about 67.6% on a year-to-date basis. At the same time, Construction stocks have gained an average of 7.4%. This shows that Dycom Industries is outperforming its peers so far this year.
Another stock in the Construction sector, Quanta Services (PWR - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 31.1%.
In Quanta Services' case, the consensus EPS estimate for the current year increased 2.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Dycom Industries is a member of the Building Products - Heavy Construction industry, which includes 9 individual companies and currently sits at #3 in the Zacks Industry Rank. Stocks in this group have gained about 44.1% so far this year, so DY is performing better this group in terms of year-to-date returns.
In contrast, Quanta Services falls under the Engineering - R and D Services industry. Currently, this industry has 15 stocks and is ranked #156. Since the beginning of the year, the industry has moved +18.7%.
Investors with an interest in Construction stocks should continue to track Dycom Industries and Quanta Services. These stocks will be looking to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Dycom Industries (DY) Outperforming Other Construction Stocks This Year?
Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Dycom Industries (DY - 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? 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.
Dycom Industries is one of 92 companies in the Construction group. The Construction group currently sits at #15 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Dycom Industries is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for DY's full-year earnings has moved 4.8% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, DY has moved about 67.6% on a year-to-date basis. At the same time, Construction stocks have gained an average of 7.4%. This shows that Dycom Industries is outperforming its peers so far this year.
Another stock in the Construction sector, Quanta Services (PWR - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 31.1%.
In Quanta Services' case, the consensus EPS estimate for the current year increased 2.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Dycom Industries is a member of the Building Products - Heavy Construction industry, which includes 9 individual companies and currently sits at #3 in the Zacks Industry Rank. Stocks in this group have gained about 44.1% so far this year, so DY is performing better this group in terms of year-to-date returns.
In contrast, Quanta Services falls under the Engineering - R and D Services industry. Currently, this industry has 15 stocks and is ranked #156. Since the beginning of the year, the industry has moved +18.7%.
Investors with an interest in Construction stocks should continue to track Dycom Industries and Quanta Services. These stocks will be looking to continue their solid performance.