The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Armstrong Flooring (AFI) 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.
Armstrong Flooring is one of 99 companies in the Construction group. The Construction group currently sits at #4 within the Zacks Sector Rank. 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. AFI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AFI's full-year earnings has moved 75.34% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AFI has moved about 4.31% on a year-to-date basis. At the same time, Construction stocks have lost an average of 8.58%. 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 #19 in the Zacks Industry Rank. On average, this group has gained an average of 4.29% so far this year, meaning that AFI is performing better in terms of year-to-date returns.
Going forward, investors interested in Construction stocks should continue to pay close attention to AFI as it looks to continue its solid performance.
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