Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Has Alfa Laval AB Unsponsored ADR (ALFVY) been one of those stocks this year? 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.
Alfa Laval AB Unsponsored ADR is a member of our Construction group, which includes 93 different companies and currently sits at #16 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).
The Zacks Consensus Estimate for ALFVY's full-year earnings has moved 5.6% 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, ALFVY has returned 12.5% so far this year. Meanwhile, the Construction sector has returned an average of 11.1% on a year-to-date basis. This means that Alfa Laval AB Unsponsored ADR is outperforming the sector as a whole this year.
Legence (LGN) is another Construction stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 13.1%.
In Legence's case, the consensus EPS estimate for the current year increased 44.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Alfa Laval AB Unsponsored ADR belongs to the Engineering - R and D Services industry, which includes 19 individual stocks and currently sits at #38 in the Zacks Industry Rank. This group has gained an average of 18.5% so far this year, so ALFVY is slightly underperforming its industry in this area. Legence is also part of the same industry.
Investors interested in the Construction sector may want to keep a close eye on Alfa Laval AB Unsponsored ADR and Legence as they attempt to continue their solid performance.
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Alfa Laval AB Unsponsored ADR (ALFVY): Free Stock Analysis Report Legence Corp. (LGN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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