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Are Construction Stocks Lagging Quanta Services (PWR) 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. Quanta Services (PWR - 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.
Quanta Services is a member of the Construction sector. This group includes 92 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Quanta Services is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for PWR's full-year earnings has moved 19.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that PWR has returned about 58.2% since the start of the calendar year. Meanwhile, the Construction sector has returned an average of 10.3% on a year-to-date basis. This shows that Quanta Services is outperforming its peers so far this year.
Another stock in the Construction sector, Tutor Perini (TPC - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 42.9%.
For Tutor Perini, the consensus EPS estimate for the current year has increased 5.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Quanta Services belongs to the Engineering - R and D Services industry, which includes 23 individual stocks and currently sits at #96 in the Zacks Industry Rank. On average, this group has gained an average of 28.4% so far this year, meaning that PWR is performing better in terms of year-to-date returns.
In contrast, Tutor Perini falls under the Building Products - Heavy Construction industry. Currently, this industry has 9 stocks and is ranked #109. Since the beginning of the year, the industry has moved +18.5%.
Investors with an interest in Construction stocks should continue to track Quanta Services and Tutor Perini. These stocks will be looking to continue their solid performance.
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Are Construction Stocks Lagging Quanta Services (PWR) 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. Quanta Services (PWR - 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.
Quanta Services is a member of the Construction sector. This group includes 92 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Quanta Services is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for PWR's full-year earnings has moved 19.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that PWR has returned about 58.2% since the start of the calendar year. Meanwhile, the Construction sector has returned an average of 10.3% on a year-to-date basis. This shows that Quanta Services is outperforming its peers so far this year.
Another stock in the Construction sector, Tutor Perini (TPC - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 42.9%.
For Tutor Perini, the consensus EPS estimate for the current year has increased 5.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Quanta Services belongs to the Engineering - R and D Services industry, which includes 23 individual stocks and currently sits at #96 in the Zacks Industry Rank. On average, this group has gained an average of 28.4% so far this year, meaning that PWR is performing better in terms of year-to-date returns.
In contrast, Tutor Perini falls under the Building Products - Heavy Construction industry. Currently, this industry has 9 stocks and is ranked #109. Since the beginning of the year, the industry has moved +18.5%.
Investors with an interest in Construction stocks should continue to track Quanta Services and Tutor Perini. These stocks will be looking to continue their solid performance.