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Is Everus Construction Group, Inc. (ECG) 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. Everus Construction Group, Inc. (ECG - 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.
Everus Construction Group, Inc. is a member of the Construction sector. This group includes 92 individual stocks and currently holds a Zacks Sector Rank of #16. 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. Everus Construction Group, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ECG's full-year earnings has moved 9.6% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ECG has returned 31.6% so far this year. Meanwhile, the Construction sector has returned an average of 2.2% on a year-to-date basis. This means that Everus Construction Group, Inc. is outperforming the sector as a whole this year.
Legence (LGN - 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 18.3%.
For Legence, the consensus EPS estimate for the current year has increased 66.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Everus Construction Group, Inc. belongs to the Building Products - Miscellaneous industry, a group that includes 34 individual companies and currently sits at #183 in the Zacks Industry Rank. On average, this group has lost an average of 6.8% so far this year, meaning that ECG is performing better in terms of year-to-date returns.
Legence, however, belongs to the Engineering - R and D Services industry. Currently, this 19-stock industry is ranked #54. The industry has moved +18.4% so far this year.
Going forward, investors interested in Construction stocks should continue to pay close attention to Everus Construction Group, Inc. and Legence as they could maintain their solid performance.
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Is Everus Construction Group, Inc. (ECG) 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. Everus Construction Group, Inc. (ECG - 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.
Everus Construction Group, Inc. is a member of the Construction sector. This group includes 92 individual stocks and currently holds a Zacks Sector Rank of #16. 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. Everus Construction Group, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ECG's full-year earnings has moved 9.6% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ECG has returned 31.6% so far this year. Meanwhile, the Construction sector has returned an average of 2.2% on a year-to-date basis. This means that Everus Construction Group, Inc. is outperforming the sector as a whole this year.
Legence (LGN - 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 18.3%.
For Legence, the consensus EPS estimate for the current year has increased 66.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Everus Construction Group, Inc. belongs to the Building Products - Miscellaneous industry, a group that includes 34 individual companies and currently sits at #183 in the Zacks Industry Rank. On average, this group has lost an average of 6.8% so far this year, meaning that ECG is performing better in terms of year-to-date returns.
Legence, however, belongs to the Engineering - R and D Services industry. Currently, this 19-stock industry is ranked #54. The industry has moved +18.4% so far this year.
Going forward, investors interested in Construction stocks should continue to pay close attention to Everus Construction Group, Inc. and Legence as they could maintain their solid performance.