The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Lennar (LEN - 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.
Lennar is a member of the Construction sector. This group includes 101 individual stocks and currently holds a Zacks Sector Rank of #8. 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. LEN is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for LEN's full-year earnings has moved 3.28% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, LEN has moved about 51.80% on a year-to-date basis. Meanwhile, the Construction sector has returned an average of 41.19% on a year-to-date basis. As we can see, Lennar is performing better than its sector in the calendar year.
Breaking things down more, LEN is a member of the Building Products - Home Builders industry, which includes 19 individual companies and currently sits at #26 in the Zacks Industry Rank. Stocks in this group have gained about 52.04% so far this year, so LEN is slightly underperforming its industry this group in terms of year-to-date returns.
Investors with an interest in Construction stocks should continue to track LEN. The stock will be looking to continue its solid performance.