Investors focused on the Construction space have likely heard of D.R. Horton (DHI - 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 DHI and the rest of the Construction group's stocks.
D.R. Horton is a member of our Construction group, which includes 101 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 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. DHI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for DHI's full-year earnings has moved 6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, DHI has moved about 51.90% on a year-to-date basis. Meanwhile, the Construction sector has returned an average of 31.94% on a year-to-date basis. As we can see, D.R. Horton is performing better than its sector in the calendar year.
Looking more specifically, DHI belongs to the Building Products - Home Builders industry, a group that includes 19 individual stocks and currently sits at #11 in the Zacks Industry Rank. Stocks in this group have gained about 49% so far this year, so DHI is performing better this group in terms of year-to-date returns.
Investors in the Construction sector will want to keep a close eye on DHI as it attempts to continue its solid performance.