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Is Dycom Industries (DY) 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. Has Dycom Industries (DY - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Dycom Industries is one of 88 companies in the Construction group. The Construction group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Dycom Industries is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DY's full-year earnings has moved 2.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, DY has moved about 21.7% on a year-to-date basis. In comparison, Construction companies have returned an average of 9.9%. As we can see, Dycom Industries is performing better than its sector in the calendar year.
Another Construction stock, which has outperformed the sector so far this year, is Quanta Services (PWR - Free Report) . The stock has returned 71.4% year-to-date.
For Quanta Services, the consensus EPS estimate for the current year has increased 8.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Dycom Industries belongs to the Building Products - Heavy Construction industry, a group that includes 8 individual companies and currently sits at #48 in the Zacks Industry Rank. This group has gained an average of 37.4% so far this year, so DY is slightly underperforming its industry in this area.
Quanta Services, however, belongs to the Engineering - R and D Services industry. Currently, this 22-stock industry is ranked #83. The industry has moved +35.8% so far this year.
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.
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Is Dycom Industries (DY) 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. Has Dycom Industries (DY - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Dycom Industries is one of 88 companies in the Construction group. The Construction group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Dycom Industries is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DY's full-year earnings has moved 2.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, DY has moved about 21.7% on a year-to-date basis. In comparison, Construction companies have returned an average of 9.9%. As we can see, Dycom Industries is performing better than its sector in the calendar year.
Another Construction stock, which has outperformed the sector so far this year, is Quanta Services (PWR - Free Report) . The stock has returned 71.4% year-to-date.
For Quanta Services, the consensus EPS estimate for the current year has increased 8.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Dycom Industries belongs to the Building Products - Heavy Construction industry, a group that includes 8 individual companies and currently sits at #48 in the Zacks Industry Rank. This group has gained an average of 37.4% so far this year, so DY is slightly underperforming its industry in this area.
Quanta Services, however, belongs to the Engineering - R and D Services industry. Currently, this 22-stock industry is ranked #83. The industry has moved +35.8% so far this year.
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.