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Is AAON (AAON) 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. Aaon (AAON - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.
Aaon is one of 93 companies in the Construction group. The Construction group currently sits at #15 within the Zacks Sector Rank. 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 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. Aaon is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for AAON's full-year earnings has moved 10.6% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, AAON has returned 41.1% so far this year. Meanwhile, the Construction sector has returned an average of 13.4% on a year-to-date basis. This shows that Aaon is outperforming its peers so far this year.
Another Construction stock, which has outperformed the sector so far this year, is Cardinal (CDNL - Free Report) . The stock has returned 207.1% year-to-date.
The consensus estimate for Cardinal's current year EPS has increased 14.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Aaon is a member of the Building Products - Air Conditioner and Heating industry, which includes 9 individual companies and currently sits at #87 in the Zacks Industry Rank. On average, this group has gained an average of 39.2% so far this year, meaning that AAON is performing better in terms of year-to-date returns.
In contrast, Cardinal falls under the Engineering - R and D Services industry. Currently, this industry has 23 stocks and is ranked #105. Since the beginning of the year, the industry has moved +31.8%.
Going forward, investors interested in Construction stocks should continue to pay close attention to Aaon and Cardinal as they could maintain their solid performance.
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Is AAON (AAON) 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. Aaon (AAON - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.
Aaon is one of 93 companies in the Construction group. The Construction group currently sits at #15 within the Zacks Sector Rank. 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 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. Aaon is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for AAON's full-year earnings has moved 10.6% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, AAON has returned 41.1% so far this year. Meanwhile, the Construction sector has returned an average of 13.4% on a year-to-date basis. This shows that Aaon is outperforming its peers so far this year.
Another Construction stock, which has outperformed the sector so far this year, is Cardinal (CDNL - Free Report) . The stock has returned 207.1% year-to-date.
The consensus estimate for Cardinal's current year EPS has increased 14.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Aaon is a member of the Building Products - Air Conditioner and Heating industry, which includes 9 individual companies and currently sits at #87 in the Zacks Industry Rank. On average, this group has gained an average of 39.2% so far this year, meaning that AAON is performing better in terms of year-to-date returns.
In contrast, Cardinal falls under the Engineering - R and D Services industry. Currently, this industry has 23 stocks and is ranked #105. Since the beginning of the year, the industry has moved +31.8%.
Going forward, investors interested in Construction stocks should continue to pay close attention to Aaon and Cardinal as they could maintain their solid performance.