The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Balfour Beatty (BAFYY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of BAFYY and the rest of the Construction group's stocks.
Balfour Beatty is a member of the Construction sector. This group includes 101 individual stocks and currently holds a Zacks Sector Rank of #8. 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 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. BAFYY is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for BAFYY's full-year earnings has moved 3.70% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, BAFYY has moved about 9.16% on a year-to-date basis. At the same time, Construction stocks have gained an average of 39.26%. This means that Balfour Beatty is performing better than its sector in terms of year-to-date returns.
Breaking things down more, BAFYY is a member of the Building Products - Heavy Construction industry, which includes 13 individual companies and currently sits at #159 in the Zacks Industry Rank. On average, stocks in this group have gained 22.68% this year, meaning that BAFYY is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Construction sector will want to keep a close eye on BAFYY as it attempts to continue its solid performance.
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