The Construction group has plenty of great stocks, but investors should always be looking for companies 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 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 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. BCC is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BCC's full-year earnings has moved 2.50% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that BCC has returned about 10.28% since the start of the calendar year. Meanwhile, stocks in the Construction group have lost about 7.65% on average. As we can see, Boise Cascade, L.L.C. is performing better than its sector in the calendar year.
Looking more specifically, BCC belongs to the Building Products - Wood industry, a group that includes 11 individual stocks and currently sits at #18 in the Zacks Industry Rank. On average, this group has gained an average of 0.69% 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.