The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Comfort Systems (FIX) 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.
Comfort Systems is a member of the Construction sector. This group includes 88 individual stocks and currently holds a Zacks Sector Rank of #12. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Comfort Systems is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for FIX's full-year earnings has moved 15.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that FIX has returned about 83.3% since the start of the calendar year. At the same time, Construction stocks have gained an average of 6.4%. This means that Comfort Systems 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 Tutor Perini (TPC). The stock has returned 164% year-to-date.
In Tutor Perini's case, the consensus EPS estimate for the current year increased 116.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Comfort Systems belongs to the Building Products - Air Conditioner and Heating industry, a group that includes 6 individual companies and currently sits at #70 in the Zacks Industry Rank. Stocks in this group have gained about 1.7% so far this year, so FIX is performing better this group in terms of year-to-date returns.
Tutor Perini, however, belongs to the Building Products - Heavy Construction industry. Currently, this 9-stock industry is ranked #3. The industry has moved +33.6% so far this year.
Investors with an interest in Construction stocks should continue to track Comfort Systems and Tutor Perini. These stocks will be looking to continue their solid performance.
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Comfort Systems USA, Inc. (FIX): Free Stock Analysis Report Tutor Perini Corporation (TPC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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