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Are Construction Stocks Lagging Carrier Global (CARR) 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 #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CARR's full-year earnings has moved 3.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, CARR has moved about 11.2% on a year-to-date basis. In comparison, Construction companies have returned an average of 5.4%. As we can see, Carrier Global is performing better than its sector in the calendar year.
Another stock in the Construction sector, Frontdoor (FTDR - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 45.1%.
In Frontdoor's case, the consensus EPS estimate for the current year increased 4.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Carrier Global is a member of the Building Products - Air Conditioner and Heating industry, which includes 9 individual companies and currently sits at #28 in the Zacks Industry Rank. On average, this group has gained an average of 19.7% so far this year, meaning that CARR is slightly underperforming its industry in terms of year-to-date returns.
On the other hand, Frontdoor belongs to the Building Products - Miscellaneous industry. This 34-stock industry is currently ranked #180. The industry has moved +0.5% year to date.
Carrier Global and Frontdoor could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
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Are Construction Stocks Lagging Carrier Global (CARR) 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 #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CARR's full-year earnings has moved 3.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, CARR has moved about 11.2% on a year-to-date basis. In comparison, Construction companies have returned an average of 5.4%. As we can see, Carrier Global is performing better than its sector in the calendar year.
Another stock in the Construction sector, Frontdoor (FTDR - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 45.1%.
In Frontdoor's case, the consensus EPS estimate for the current year increased 4.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Carrier Global is a member of the Building Products - Air Conditioner and Heating industry, which includes 9 individual companies and currently sits at #28 in the Zacks Industry Rank. On average, this group has gained an average of 19.7% so far this year, meaning that CARR is slightly underperforming its industry in terms of year-to-date returns.
On the other hand, Frontdoor belongs to the Building Products - Miscellaneous industry. This 34-stock industry is currently ranked #180. The industry has moved +0.5% year to date.
Carrier Global and Frontdoor could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.