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Is Carrier Global (CARR) Stock Outpacing Its Construction Peers This Year?
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The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Carrier Global (CARR - Free Report) been one of those stocks this year? 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.
Carrier Global is a member of our Construction group, which includes 92 different companies and currently sits at #11 in 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. Carrier Global is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CARR's full-year earnings has moved 3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CARR has returned 21.1% so far this year. Meanwhile, stocks in the Construction group have gained about 11.7% on average. This means that Carrier Global is outperforming the sector as a whole this year.
Emcor Group (EME - Free Report) is another Construction stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 33.5%.
In Emcor Group's case, the consensus EPS estimate for the current year increased 14.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Carrier Global belongs to the Building Products - Air Conditioner and Heating industry, which includes 9 individual stocks and currently sits at #29 in the Zacks Industry Rank. This group has gained an average of 28.3% so far this year, so CARR is slightly underperforming its industry in this area.
On the other hand, Emcor Group belongs to the Building Products - Heavy Construction industry. This 9-stock industry is currently ranked #63. The industry has moved +21.8% year to date.
Investors interested in the Construction sector may want to keep a close eye on Carrier Global and Emcor Group as they attempt to continue their solid performance.
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Is Carrier Global (CARR) Stock Outpacing Its Construction Peers This Year?
The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Carrier Global (CARR - Free Report) been one of those stocks this year? 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.
Carrier Global is a member of our Construction group, which includes 92 different companies and currently sits at #11 in 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. Carrier Global is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CARR's full-year earnings has moved 3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CARR has returned 21.1% so far this year. Meanwhile, stocks in the Construction group have gained about 11.7% on average. This means that Carrier Global is outperforming the sector as a whole this year.
Emcor Group (EME - Free Report) is another Construction stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 33.5%.
In Emcor Group's case, the consensus EPS estimate for the current year increased 14.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Carrier Global belongs to the Building Products - Air Conditioner and Heating industry, which includes 9 individual stocks and currently sits at #29 in the Zacks Industry Rank. This group has gained an average of 28.3% so far this year, so CARR is slightly underperforming its industry in this area.
On the other hand, Emcor Group belongs to the Building Products - Heavy Construction industry. This 9-stock industry is currently ranked #63. The industry has moved +21.8% year to date.
Investors interested in the Construction sector may want to keep a close eye on Carrier Global and Emcor Group as they attempt to continue their solid performance.