Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Is Comfort Systems (FIX) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Comfort Systems is a member of the Construction sector. This group includes 90 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Comfort Systems is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for FIX's full-year earnings has moved 10.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, FIX has moved about 2.7% on a year-to-date basis. In comparison, Construction companies have returned an average of -6%. This shows that Comfort Systems is outperforming its peers so far this year.
Another Construction stock, which has outperformed the sector so far this year, is Worthington Enterprises (WOR). The stock has returned 37.6% year-to-date.
For Worthington Enterprises, the consensus EPS estimate for the current year has increased 3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Comfort Systems belongs to the Building Products - Air Conditioner and Heating industry, a group that includes 7 individual stocks and currently sits at #61 in the Zacks Industry Rank. Stocks in this group have gained about 3% so far this year, so FIX is slightly underperforming its industry this group in terms of year-to-date returns.
Worthington Enterprises, however, belongs to the Building Products - Wood industry. Currently, this 10-stock industry is ranked #168. The industry has moved -0.1% so far this year.
Investors with an interest in Construction stocks should continue to track Comfort Systems and Worthington Enterprises. These stocks will be looking to continue their solid performance.
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Comfort Systems USA, Inc. (FIX): Free Stock Analysis Report Worthington Enterprises, Inc. (WOR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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