The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Century Communities (CCS) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Century Communities is a member of the Construction sector. This group includes 92 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Century Communities is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CCS' full-year earnings has moved 26.6% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CCS has returned about 20.9% since the start of the calendar year. In comparison, Construction companies have returned an average of 10.4%. This shows that Century Communities is outperforming its peers so far this year.
Everus Construction Group, Inc. (ECG) is another Construction stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 60.7%.
For Everus Construction Group, Inc., the consensus EPS estimate for the current year has increased 19.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Century Communities belongs to the Building Products - Home Builders industry, which includes 16 individual stocks and currently sits at #173 in the Zacks Industry Rank. Stocks in this group have lost about 1.2% so far this year, so CCS is performing better this group in terms of year-to-date returns.
On the other hand, Everus Construction Group, Inc. belongs to the Building Products - Miscellaneous industry. This 34-stock industry is currently ranked #102. The industry has moved +4% year to date.
Century Communities and Everus Construction Group, Inc. could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
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