Investors focused on the Construction space have likely heard of Orion Group Holdings (ORN - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Orion Group Holdings is a member of our Construction group, which includes 99 different companies and currently sits at #2 in 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 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. ORN is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ORN's full-year earnings has moved 42.86% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ORN has moved about 15.33% on a year-to-date basis. At the same time, Construction stocks have lost an average of 9.32%. As we can see, Orion Group Holdings is performing better than its sector in the calendar year.
Looking more specifically, ORN belongs to the Building Products - Heavy Construction industry, which includes 11 individual stocks and currently sits at #77 in the Zacks Industry Rank. This group has lost an average of 11.91% so far this year, so ORN is performing better in this area.
Going forward, investors interested in Construction stocks should continue to pay close attention to ORN as it looks to continue its solid performance.