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Is Armstrong Flooring (AFI) Stock Outpacing Its Construction Peers This Year?

Some investors are rotating out of earlier high flying technology stocks into cheap emerging markets.

The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Armstrong Flooring (AFI) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.

Armstrong Flooring is one of 99 companies in the Construction group. The Construction group currently sits at #10 within the Zacks Sector Rank. 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. AFI is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for AFI's full-year earnings has moved 75.34% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that AFI has returned about 13.12% since the start of the calendar year. At the same time, Construction stocks have lost an average of 8.18%. This means that Armstrong Flooring is performing better than its sector in terms of year-to-date returns.

Breaking things down more, AFI is a member of the Building Products - Wood industry, which includes 11 individual companies and currently sits at #29 in the Zacks Industry Rank. On average, stocks in this group have gained 2.10% this year, meaning that AFI is performing better in terms of year-to-date returns.

AFI will likely be looking to continue its solid performance, so investors interested Construction stocks should continue to pay close attention to the company.


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