For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Alfa Laval AB Unsponsored ADR (ALFVY) 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? Let's take a closer look at the stock's year-to-date performance to find out.
Alfa Laval AB Unsponsored ADR is a member of our Construction group, which includes 88 different companies and currently sits at #10 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 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. Alfa Laval AB Unsponsored ADR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ALFVY's full-year earnings has moved 4.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that ALFVY has returned about 10% since the start of the calendar year. Meanwhile, stocks in the Construction group have gained about 9.3% on average. This means that Alfa Laval AB Unsponsored ADR is performing better than its sector in terms of year-to-date returns.
Another Construction stock, which has outperformed the sector so far this year, is Southland Holdings (SLND). The stock has returned 24.6% year-to-date.
For Southland Holdings, the consensus EPS estimate for the current year has increased 13.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Alfa Laval AB Unsponsored ADR is a member of the Engineering - R and D Services industry, which includes 16 individual companies and currently sits at #169 in the Zacks Industry Rank. This group has gained an average of 10.1% so far this year, so ALFVY is slightly underperforming its industry in this area.
On the other hand, Southland Holdings belongs to the Building Products - Miscellaneous industry. This 30-stock industry is currently ranked #71. The industry has moved +10.1% year to date.
Going forward, investors interested in Construction stocks should continue to pay close attention to Alfa Laval AB Unsponsored ADR and Southland Holdings as they could maintain their solid performance.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alfa Laval AB Unsponsored ADR (ALFVY): Free Stock Analysis Report Southland Holdings, Inc. (SLND): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
