The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has MasTec (MTZ - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
MasTec is one of 99 companies in the Construction group. The Construction group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. MTZ is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for MTZ's full-year earnings has moved 5.66% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, MTZ has moved about 0.41% on a year-to-date basis. Meanwhile, stocks in the Construction group have lost about 6.13% on average. This shows that MasTec is outperforming its peers so far this year.
Looking more specifically, MTZ belongs to the Building Products - Heavy Construction industry, which includes 11 individual stocks and currently sits at #70 in the Zacks Industry Rank. Stocks in this group have lost about 7.06% so far this year, so MTZ is performing better this group in terms of year-to-date returns.
Investors in the Construction sector will want to keep a close eye on MTZ as it attempts to continue its solid performance.