We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Pacasmayo (CPAC) Stock Outpacing Its Construction Peers This Year?
Read MoreHide Full Article
For those looking to find strong Construction stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Pacasmayo (CPAC - Free Report) been one of those stocks this year? 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.
Pacasmayo is a member of our Construction group, which includes 104 different companies and currently sits at #1 in 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Pacasmayo is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CPAC's full-year earnings has moved 97.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CPAC has returned 6.8% so far this year. At the same time, Construction stocks have lost an average of 18.1%. This shows that Pacasmayo is outperforming its peers so far this year.
Another Construction stock, which has outperformed the sector so far this year, is Fluor (FLR - Free Report) . The stock has returned 14.3% year-to-date.
In Fluor's case, the consensus EPS estimate for the current year increased 17.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Pacasmayo belongs to the Building Products - Concrete and Aggregates industry, a group that includes 11 individual stocks and currently sits at #65 in the Zacks Industry Rank. On average, stocks in this group have lost 15.5% this year, meaning that CPAC is performing better in terms of year-to-date returns.
On the other hand, Fluor belongs to the Engineering - R and D Services industry. This 21-stock industry is currently ranked #200. The industry has moved +0.6% year to date.
Pacasmayo and Fluor could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Pacasmayo (CPAC) Stock Outpacing Its Construction Peers 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 Pacasmayo (CPAC - Free Report) been one of those stocks this year? 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.
Pacasmayo is a member of our Construction group, which includes 104 different companies and currently sits at #1 in 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Pacasmayo is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CPAC's full-year earnings has moved 97.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CPAC has returned 6.8% so far this year. At the same time, Construction stocks have lost an average of 18.1%. This shows that Pacasmayo is outperforming its peers so far this year.
Another Construction stock, which has outperformed the sector so far this year, is Fluor (FLR - Free Report) . The stock has returned 14.3% year-to-date.
In Fluor's case, the consensus EPS estimate for the current year increased 17.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Pacasmayo belongs to the Building Products - Concrete and Aggregates industry, a group that includes 11 individual stocks and currently sits at #65 in the Zacks Industry Rank. On average, stocks in this group have lost 15.5% this year, meaning that CPAC is performing better in terms of year-to-date returns.
On the other hand, Fluor belongs to the Engineering - R and D Services industry. This 21-stock industry is currently ranked #200. The industry has moved +0.6% year to date.
Pacasmayo and Fluor could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.