Investors focused on the Construction space have likely heard of Armstrong Flooring (AFI - 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 AFI and the rest of the Construction group's stocks.
Armstrong Flooring is one of 92 individual stocks in the Construction sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. AFI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AFI's full-year earnings has moved 75.34% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, AFI has moved about 3.19% on a year-to-date basis. In comparison, Construction companies have returned an average of -14.14%. As we can see, Armstrong Flooring is performing better than its sector in the calendar year.
Looking more specifically, AFI belongs to the Building Products - Wood industry, a group that includes 11 individual stocks and currently sits at #169 in the Zacks Industry Rank. Stocks in this group have lost about 10.33% so far this year, so AFI is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Construction stocks should continue to pay close attention to AFI as it looks to continue its solid performance.