The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Arcosa (ACA) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Arcosa is a member of the Construction sector. This group includes 92 individual stocks and currently holds a Zacks Sector Rank of #16. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Arcosa is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ACA's full-year earnings has moved 10.8% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ACA has returned 3.1% so far this year. In comparison, Construction companies have returned an average of -7.3%. This means that Arcosa is outperforming the sector as a whole this year.
Another stock in the Construction sector, DIRTT Environmental Solutions Ltd. (DRTTF), has outperformed the sector so far this year. The stock's year-to-date return is 1.9%.
In DIRTT Environmental Solutions Ltd.'s case, the consensus EPS estimate for the current year increased 50% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Arcosa belongs to the Building Products - Miscellaneous industry, a group that includes 33 individual stocks and currently sits at #155 in the Zacks Industry Rank. Stocks in this group have lost about 8.2% so far this year, so ACA is performing better this group in terms of year-to-date returns. DIRTT Environmental Solutions Ltd. is also part of the same industry.
Going forward, investors interested in Construction stocks should continue to pay close attention to Arcosa and DIRTT Environmental Solutions Ltd. as they could maintain their solid performance.
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Arcosa, Inc. (ACA): Free Stock Analysis Report DIRTT Environmental Solutions Ltd. (DRTTF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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