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Is EMCOR Group (EME) 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. Emcor Group (EME - 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.
Emcor Group is one of 89 companies in the Construction group. The Construction group currently sits at #16 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Emcor Group is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for EME's full-year earnings has moved 7.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, EME has gained about 11.6% so far this year. At the same time, Construction stocks have lost an average of 0.8%. As we can see, Emcor Group is performing better than its sector in the calendar year.
Fluor (FLR - 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 17%.
The consensus estimate for Fluor's current year EPS has increased 2.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Emcor Group belongs to the Building Products - Heavy Construction industry, a group that includes 9 individual stocks and currently sits at #163 in the Zacks Industry Rank. On average, stocks in this group have lost 5.9% this year, meaning that EME is performing better in terms of year-to-date returns.
In contrast, Fluor falls under the Engineering - R and D Services industry. Currently, this industry has 22 stocks and is ranked #170. Since the beginning of the year, the industry has moved +1%.
Investors with an interest in Construction stocks should continue to track Emcor Group and Fluor. These stocks will be looking to continue their solid performance.
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Is EMCOR Group (EME) 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. Emcor Group (EME - 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.
Emcor Group is one of 89 companies in the Construction group. The Construction group currently sits at #16 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Emcor Group is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for EME's full-year earnings has moved 7.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, EME has gained about 11.6% so far this year. At the same time, Construction stocks have lost an average of 0.8%. As we can see, Emcor Group is performing better than its sector in the calendar year.
Fluor (FLR - 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 17%.
The consensus estimate for Fluor's current year EPS has increased 2.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Emcor Group belongs to the Building Products - Heavy Construction industry, a group that includes 9 individual stocks and currently sits at #163 in the Zacks Industry Rank. On average, stocks in this group have lost 5.9% this year, meaning that EME is performing better in terms of year-to-date returns.
In contrast, Fluor falls under the Engineering - R and D Services industry. Currently, this industry has 22 stocks and is ranked #170. Since the beginning of the year, the industry has moved +1%.
Investors with an interest in Construction stocks should continue to track Emcor Group and Fluor. These stocks will be looking to continue their solid performance.