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Is AAON (AAON) Outperforming Other Construction Stocks This Year?
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Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Is Aaon (AAON - Free Report) one of those stocks right now? 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.
Aaon is a member of the Construction sector. This group includes 88 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Aaon is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AAON's full-year earnings has moved 10.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AAON has moved about 71.4% on a year-to-date basis. Meanwhile, stocks in the Construction group have gained about 16.4% on average. This shows that Aaon is outperforming its peers so far this year.
Another stock in the Construction sector, Cardinal (CDNL - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 192.1%.
In Cardinal's case, the consensus EPS estimate for the current year increased 13.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Aaon belongs to the Building Products - Air Conditioner and Heating industry, a group that includes 7 individual stocks and currently sits at #48 in the Zacks Industry Rank. Stocks in this group have gained about 44.2% so far this year, so AAON is performing better this group in terms of year-to-date returns.
Cardinal, however, belongs to the Engineering - R and D Services industry. Currently, this 22-stock industry is ranked #82. The industry has moved +40.5% so far this year.
Aaon and Cardinal could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
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Is AAON (AAON) Outperforming Other Construction Stocks This Year?
Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Is Aaon (AAON - Free Report) one of those stocks right now? 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.
Aaon is a member of the Construction sector. This group includes 88 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Aaon is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AAON's full-year earnings has moved 10.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AAON has moved about 71.4% on a year-to-date basis. Meanwhile, stocks in the Construction group have gained about 16.4% on average. This shows that Aaon is outperforming its peers so far this year.
Another stock in the Construction sector, Cardinal (CDNL - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 192.1%.
In Cardinal's case, the consensus EPS estimate for the current year increased 13.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Aaon belongs to the Building Products - Air Conditioner and Heating industry, a group that includes 7 individual stocks and currently sits at #48 in the Zacks Industry Rank. Stocks in this group have gained about 44.2% so far this year, so AAON is performing better this group in terms of year-to-date returns.
Cardinal, however, belongs to the Engineering - R and D Services industry. Currently, this 22-stock industry is ranked #82. The industry has moved +40.5% so far this year.
Aaon and Cardinal could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.