The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. MasTec (MTZ - Free Report) 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 MTZ and the rest of the Construction group's stocks.
MasTec is a member of the Construction sector. This group includes 101 individual stocks and currently holds a Zacks Sector Rank of #3. 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 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. MTZ is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for MTZ's full-year earnings has moved 11.26% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, MTZ has moved about 55.79% on a year-to-date basis. In comparison, Construction companies have returned an average of 30.73%. This means that MasTec is performing better than its sector in terms of year-to-date returns.
Looking more specifically, MTZ belongs to the Building Products - Heavy Construction industry, which includes 13 individual stocks and currently sits at #188 in the Zacks Industry Rank. On average, this group has gained an average of 19.85% so far this year, meaning that MTZ is performing better in terms of year-to-date returns.
Investors in the Construction sector will want to keep a close eye on MTZ as it attempts to continue its solid performance.