Investors focused on the Construction space have likely heard of Boise Cascade, L.L.C. (BCC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of BCC and the rest of the Construction group's stocks.
Boise Cascade, L.L.C. is a member of our Construction group, which includes 99 different companies and currently sits at #4 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 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. BCC is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for BCC's full-year earnings has moved 29.83% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, BCC has returned 14.29% so far this year. Meanwhile, stocks in the Construction group have lost about 5.12% on average. This means that Boise Cascade, L.L.C. is outperforming the sector as a whole this year.
To break things down more, BCC belongs to the Building Products - Wood industry, a group that includes 11 individual companies and currently sits at #18 in the Zacks Industry Rank. On average, this group has gained an average of 7.82% so far this year, meaning that BCC is performing better in terms of year-to-date returns.
Investors in the Construction sector will want to keep a close eye on BCC as it attempts to continue its solid performance.