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Is EMCOR Group (EME) Stock Outpacing Its Construction Peers This Year?
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Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. 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 one of 92 individual stocks in the Construction sector. Collectively, these companies sit at #16 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 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. Emcor Group is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for EME's full-year earnings has moved 0% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, EME has gained about 28% so far this year. Meanwhile, stocks in the Construction group have gained about 15.1% on average. This means that Emcor Group is outperforming the sector as a whole this year.
One other Construction stock that has outperformed the sector so far this year is Simpson Manufacturing (SSD - Free Report) . The stock is up 29.6% year-to-date.
For Simpson Manufacturing, the consensus EPS estimate for the current year has increased 2.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Emcor Group is a member of the Building Products - Heavy Construction industry, which includes 9 individual companies and currently sits at #86 in the Zacks Industry Rank. On average, stocks in this group have gained 24.7% this year, meaning that EME is performing better in terms of year-to-date returns.
In contrast, Simpson Manufacturing falls under the Building Products - Miscellaneous industry. Currently, this industry has 34 stocks and is ranked #172. Since the beginning of the year, the industry has moved +9.5%.
Investors interested in the Construction sector may want to keep a close eye on Emcor Group and Simpson Manufacturing as they attempt to continue their solid performance.
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Is EMCOR Group (EME) Stock Outpacing Its Construction Peers This Year?
Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. 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 one of 92 individual stocks in the Construction sector. Collectively, these companies sit at #16 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 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. Emcor Group is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for EME's full-year earnings has moved 0% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, EME has gained about 28% so far this year. Meanwhile, stocks in the Construction group have gained about 15.1% on average. This means that Emcor Group is outperforming the sector as a whole this year.
One other Construction stock that has outperformed the sector so far this year is Simpson Manufacturing (SSD - Free Report) . The stock is up 29.6% year-to-date.
For Simpson Manufacturing, the consensus EPS estimate for the current year has increased 2.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Emcor Group is a member of the Building Products - Heavy Construction industry, which includes 9 individual companies and currently sits at #86 in the Zacks Industry Rank. On average, stocks in this group have gained 24.7% this year, meaning that EME is performing better in terms of year-to-date returns.
In contrast, Simpson Manufacturing falls under the Building Products - Miscellaneous industry. Currently, this industry has 34 stocks and is ranked #172. Since the beginning of the year, the industry has moved +9.5%.
Investors interested in the Construction sector may want to keep a close eye on Emcor Group and Simpson Manufacturing as they attempt to continue their solid performance.