For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Boise Cascade, L.L.C. (BCC - 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.
Boise Cascade, L.L.C. is one of 99 companies in the Construction group. The Construction group currently sits at #4 within 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 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. BCC is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for BCC's full-year earnings has moved 29.83% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, BCC has moved about 12.03% on a year-to-date basis. Meanwhile, stocks in the Construction group have lost about 7.42% on average. This means that Boise Cascade, L.L.C. is outperforming the sector as a whole this year.
Looking more specifically, BCC belongs to the Building Products - Wood industry, a group that includes 11 individual stocks and currently sits at #26 in the Zacks Industry Rank. On average, this group has gained an average of 5.40% so far this year, meaning that BCC is performing better in terms of year-to-date returns.
Investors with an interest in Construction stocks should continue to track BCC. The stock will be looking to continue its solid performance.