Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Construction Partners (ROAD) 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Construction sector should help us answer this question.
Construction Partners is a member of the Construction sector. This group includes 100 individual stocks and currently holds a Zacks Sector Rank of #6. 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 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. ROAD is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ROAD's full-year earnings has moved 6.72% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ROAD has gained about 55.72% so far this year. Meanwhile, the Construction sector has returned an average of 23.23% on a year-to-date basis. As we can see, Construction Partners is performing better than its sector in the calendar year.
Looking more specifically, ROAD belongs to the Building Products - Miscellaneous industry, which includes 27 individual stocks and currently sits at #62 in the Zacks Industry Rank. On average, this group has gained an average of 27.47% so far this year, meaning that ROAD is performing better in terms of year-to-date returns.
Going forward, investors interested in Construction stocks should continue to pay close attention to ROAD as it looks to continue its solid performance.
Construction Partners, Inc. (ROAD): Free Stock Analysis Report
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Zacks Investment Research