Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Foundation Building Materials 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? One simple way to answer this question is to take a look at the year-to-date performance of FBM and the rest of the Construction group's stocks.
Foundation Building Materials is a member of the Construction sector. This group includes 99 individual stocks and currently holds a Zacks Sector Rank of #3. 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. FBM is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for FBM's full-year earnings has moved 4.36% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, FBM has moved about 0.14% on a year-to-date basis. At the same time, Construction stocks have lost an average of 7.12%. This means that Foundation Building Materials is performing better than its sector in terms of year-to-date returns.
Looking more specifically, FBM belongs to the Building Products - Miscellaneous industry, a group that includes 26 individual stocks and currently sits at #53 in the Zacks Industry Rank. On average, this group has lost an average of 6.74% so far this year, meaning that FBM is performing better in terms of year-to-date returns.
Investors with an interest in Construction stocks should continue to track FBM. The stock will be looking to continue its solid performance.
Image: Bigstock
Is Foundation Building Materials (FBM) Stock Outpacing Its Construction Peers This Year?
Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Foundation Building Materials 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? One simple way to answer this question is to take a look at the year-to-date performance of FBM and the rest of the Construction group's stocks.
Foundation Building Materials is a member of the Construction sector. This group includes 99 individual stocks and currently holds a Zacks Sector Rank of #3. 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. FBM is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for FBM's full-year earnings has moved 4.36% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, FBM has moved about 0.14% on a year-to-date basis. At the same time, Construction stocks have lost an average of 7.12%. This means that Foundation Building Materials is performing better than its sector in terms of year-to-date returns.
Looking more specifically, FBM belongs to the Building Products - Miscellaneous industry, a group that includes 26 individual stocks and currently sits at #53 in the Zacks Industry Rank. On average, this group has lost an average of 6.74% so far this year, meaning that FBM is performing better in terms of year-to-date returns.
Investors with an interest in Construction stocks should continue to track FBM. The stock will be looking to continue its solid performance.