Investors focused on the Construction space have likely heard of PGT (PGTI), but is the stock performing well in comparison to the rest of its sector peers? 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.
PGT is one of 92 individual stocks in the Construction sector. Collectively, these companies sit at #14 in 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 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. PGTI is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for PGTI's full-year earnings has moved 9.52% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, PGTI has moved about 26.05% on a year-to-date basis. At the same time, Construction stocks have lost an average of 23.12%. This shows that PGT is outperforming its peers so far this year.
Looking more specifically, PGTI belongs to the Building Products - Miscellaneous industry, which includes 23 individual stocks and currently sits at #89 in the Zacks Industry Rank. This group has lost an average of 24.28% so far this year, so PGTI is performing better in this area.
PGTI will likely be looking to continue its solid performance, so investors interested Construction stocks should continue to pay close attention to the company.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.