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Are Construction Stocks Lagging Janus International Group (JBI) This Year?
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For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Janus International Group, Inc. (JBI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Janus International Group, Inc. is a member of our Construction group, which includes 87 different companies and currently sits at #11 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. Janus International Group, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for JBI's full-year earnings has moved 35.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, JBI has gained about 22.3% so far this year. In comparison, Construction companies have returned an average of 2.5%. This means that Janus International Group, Inc. is outperforming the sector as a whole this year.
Another stock in the Construction sector, MasTec (MTZ - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 26.3%.
In MasTec's case, the consensus EPS estimate for the current year increased 10.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Janus International Group, Inc. is a member of the Building Products - Miscellaneous industry, which includes 29 individual companies and currently sits at #148 in the Zacks Industry Rank. On average, stocks in this group have lost 3.7% this year, meaning that JBI is performing better in terms of year-to-date returns.
In contrast, MasTec falls under the Building Products - Heavy Construction industry. Currently, this industry has 9 stocks and is ranked #2. Since the beginning of the year, the industry has moved +17.2%.
Going forward, investors interested in Construction stocks should continue to pay close attention to Janus International Group, Inc. and MasTec as they could maintain their solid performance.
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Are Construction Stocks Lagging Janus International Group (JBI) This Year?
For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Janus International Group, Inc. (JBI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Janus International Group, Inc. is a member of our Construction group, which includes 87 different companies and currently sits at #11 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. Janus International Group, Inc. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for JBI's full-year earnings has moved 35.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, JBI has gained about 22.3% so far this year. In comparison, Construction companies have returned an average of 2.5%. This means that Janus International Group, Inc. is outperforming the sector as a whole this year.
Another stock in the Construction sector, MasTec (MTZ - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 26.3%.
In MasTec's case, the consensus EPS estimate for the current year increased 10.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Janus International Group, Inc. is a member of the Building Products - Miscellaneous industry, which includes 29 individual companies and currently sits at #148 in the Zacks Industry Rank. On average, stocks in this group have lost 3.7% this year, meaning that JBI is performing better in terms of year-to-date returns.
In contrast, MasTec falls under the Building Products - Heavy Construction industry. Currently, this industry has 9 stocks and is ranked #2. Since the beginning of the year, the industry has moved +17.2%.
Going forward, investors interested in Construction stocks should continue to pay close attention to Janus International Group, Inc. and MasTec as they could maintain their solid performance.