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Is Quanta Services (PWR) Outperforming Other Construction Stocks 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 #15. 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. 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 19.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that PWR has returned about 52.5% since the start of the calendar year. In comparison, Construction companies have returned an average of -1.3%. As we can see, Quanta Services is performing better than its sector in the calendar year.
Tutor Perini (TPC - 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 24.3%.
For Tutor Perini, the consensus EPS estimate for the current year has increased 4.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Quanta Services is a member of the Engineering - R and D Services industry, which includes 23 individual companies and currently sits at #159 in the Zacks Industry Rank. This group has gained an average of 16.8% so far this year, so PWR is performing better in this area.
On the other hand, Tutor Perini belongs to the Building Products - Heavy Construction industry. This 9-stock industry is currently ranked #43. The industry has moved +2% year to date.
Going forward, investors interested in Construction stocks should continue to pay close attention to Quanta Services and Tutor Perini as they could maintain their solid performance.
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Is Quanta Services (PWR) Outperforming Other Construction Stocks 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 #15. 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. 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 19.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that PWR has returned about 52.5% since the start of the calendar year. In comparison, Construction companies have returned an average of -1.3%. As we can see, Quanta Services is performing better than its sector in the calendar year.
Tutor Perini (TPC - 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 24.3%.
For Tutor Perini, the consensus EPS estimate for the current year has increased 4.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Quanta Services is a member of the Engineering - R and D Services industry, which includes 23 individual companies and currently sits at #159 in the Zacks Industry Rank. This group has gained an average of 16.8% so far this year, so PWR is performing better in this area.
On the other hand, Tutor Perini belongs to the Building Products - Heavy Construction industry. This 9-stock industry is currently ranked #43. The industry has moved +2% year to date.
Going forward, investors interested in Construction stocks should continue to pay close attention to Quanta Services and Tutor Perini as they could maintain their solid performance.