We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Carrier Global (CARR) Outperforming Other Construction Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Carrier Global (CARR - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.
Carrier Global is a member of our Construction group, which includes 92 different companies and currently sits at #15 in the Zacks Sector Rank. 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. Carrier Global is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CARR's full-year earnings has moved 3.1% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CARR has returned 4.8% so far this year. Meanwhile, the Construction sector has returned an average of -1% on a year-to-date basis. 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 24.6%.
The consensus estimate for Emcor Group's current year EPS has increased 12.3% 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, a group that includes 9 individual stocks and currently sits at #41 in the Zacks Industry Rank. This group has gained an average of 16.1% so far this year, so CARR is slightly underperforming its industry in this area.
Emcor Group, however, belongs to the Building Products - Heavy Construction industry. Currently, this 9-stock industry is ranked #50. The industry has moved +2.9% so far this year.
Investors with an interest in Construction stocks should continue to track Carrier Global and Emcor Group. These stocks will be looking to continue their solid performance.
View the Zacks #1 Rank List
Image: Bigstock
Is Carrier Global (CARR) 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. Is Carrier Global (CARR - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.
Carrier Global is a member of our Construction group, which includes 92 different companies and currently sits at #15 in the Zacks Sector Rank. 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. Carrier Global is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CARR's full-year earnings has moved 3.1% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CARR has returned 4.8% so far this year. Meanwhile, the Construction sector has returned an average of -1% on a year-to-date basis. 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 24.6%.
The consensus estimate for Emcor Group's current year EPS has increased 12.3% 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, a group that includes 9 individual stocks and currently sits at #41 in the Zacks Industry Rank. This group has gained an average of 16.1% so far this year, so CARR is slightly underperforming its industry in this area.
Emcor Group, however, belongs to the Building Products - Heavy Construction industry. Currently, this 9-stock industry is ranked #50. The industry has moved +2.9% so far this year.
Investors with an interest in Construction stocks should continue to track Carrier Global and Emcor Group. These stocks will be looking to continue their solid performance.