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.
Has MYR Group (MYRG) Outpaced Other Utilities Stocks This Year?
Read MoreHide Full Article
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Is MYR Group (MYRG - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Utilities peers, we might be able to answer that question.
MYR Group is one of 110 individual stocks in the Utilities sector. Collectively, these companies sit at #4 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. MYR Group is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for MYRG's full-year earnings has moved 8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, MYRG has gained about 37.5% so far this year. Meanwhile, stocks in the Utilities group have gained about 11.3% on average. This shows that MYR Group is outperforming its peers so far this year.
NiSource (NI - Free Report) is another Utilities stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 15.2%.
Over the past three months, NiSource's consensus EPS estimate for the current year has increased 0.5%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, MYR Group belongs to the Electric Construction industry, a group that includes 2 individual companies and currently sits at #8 in the Zacks Industry Rank. On average, stocks in this group have lost 72.9% this year, meaning that MYRG is performing better in terms of year-to-date returns.
NiSource, however, belongs to the Utility - Electric Power industry. Currently, this 60-stock industry is ranked #69. The industry has moved +12.6% so far this year.
Investors with an interest in Utilities stocks should continue to track MYR Group and NiSource. These stocks will be looking to continue their solid performance.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Has MYR Group (MYRG) Outpaced Other Utilities Stocks This Year?
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Is MYR Group (MYRG - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Utilities peers, we might be able to answer that question.
MYR Group is one of 110 individual stocks in the Utilities sector. Collectively, these companies sit at #4 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. MYR Group is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for MYRG's full-year earnings has moved 8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, MYRG has gained about 37.5% so far this year. Meanwhile, stocks in the Utilities group have gained about 11.3% on average. This shows that MYR Group is outperforming its peers so far this year.
NiSource (NI - Free Report) is another Utilities stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 15.2%.
Over the past three months, NiSource's consensus EPS estimate for the current year has increased 0.5%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, MYR Group belongs to the Electric Construction industry, a group that includes 2 individual companies and currently sits at #8 in the Zacks Industry Rank. On average, stocks in this group have lost 72.9% this year, meaning that MYRG is performing better in terms of year-to-date returns.
NiSource, however, belongs to the Utility - Electric Power industry. Currently, this 60-stock industry is ranked #69. The industry has moved +12.6% so far this year.
Investors with an interest in Utilities stocks should continue to track MYR Group and NiSource. These stocks will be looking to continue their solid performance.