Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Is MasTec (MTZ) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
MasTec is a member of the Construction sector. This group includes 87 individual stocks and currently holds a Zacks Sector Rank of #13. 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. MasTec is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for MTZ's full-year earnings has moved 10.1% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, MTZ has gained about 27.7% so far this year. Meanwhile, stocks in the Construction group have gained about 4.2% on average. As we can see, MasTec is performing better than its sector in the calendar year.
Construction Partners (ROAD) is another Construction stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 17%.
For Construction Partners, the consensus EPS estimate for the current year has increased 10.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, MasTec belongs to the Building Products - Heavy Construction industry, which includes 9 individual stocks and currently sits at #6 in the Zacks Industry Rank. This group has gained an average of 18.7% so far this year, so MTZ is performing better in this area.
In contrast, Construction Partners falls under the Building Products - Miscellaneous industry. Currently, this industry has 29 stocks and is ranked #93. Since the beginning of the year, the industry has moved -3.7%.
MasTec and Construction Partners could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
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MasTec, Inc. (MTZ): Free Stock Analysis Report Construction Partners, Inc. (ROAD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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