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Is Aspen Aerogels (ASPN) Stock Outpacing Its Construction Peers This Year?
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Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Has Aspen Aerogels (ASPN - Free Report) 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.
Aspen Aerogels is a member of the Construction sector. This group includes 90 individual stocks and currently holds a Zacks Sector Rank of #12. 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. Aspen Aerogels is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ASPN's full-year earnings has moved 173.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ASPN has moved about 54.1% on a year-to-date basis. In comparison, Construction companies have returned an average of 15.8%. As we can see, Aspen Aerogels is performing better than its sector in the calendar year.
PulteGroup (PHM - Free Report) is another Construction stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 21.8%.
Over the past three months, PulteGroup's consensus EPS estimate for the current year has increased 0.1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Aspen Aerogels belongs to the Building Products - Miscellaneous industry, which includes 27 individual stocks and currently sits at #64 in the Zacks Industry Rank. This group has gained an average of 16.2% so far this year, so ASPN is performing better in this area.
On the other hand, PulteGroup belongs to the Building Products - Home Builders industry. This 16-stock industry is currently ranked #49. The industry has moved +18.6% year to date.
Going forward, investors interested in Construction stocks should continue to pay close attention to Aspen Aerogels and PulteGroup as they could maintain their solid performance.
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Is Aspen Aerogels (ASPN) Stock Outpacing Its Construction Peers This Year?
Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Has Aspen Aerogels (ASPN - Free Report) 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.
Aspen Aerogels is a member of the Construction sector. This group includes 90 individual stocks and currently holds a Zacks Sector Rank of #12. 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. Aspen Aerogels is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ASPN's full-year earnings has moved 173.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ASPN has moved about 54.1% on a year-to-date basis. In comparison, Construction companies have returned an average of 15.8%. As we can see, Aspen Aerogels is performing better than its sector in the calendar year.
PulteGroup (PHM - Free Report) is another Construction stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 21.8%.
Over the past three months, PulteGroup's consensus EPS estimate for the current year has increased 0.1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Aspen Aerogels belongs to the Building Products - Miscellaneous industry, which includes 27 individual stocks and currently sits at #64 in the Zacks Industry Rank. This group has gained an average of 16.2% so far this year, so ASPN is performing better in this area.
On the other hand, PulteGroup belongs to the Building Products - Home Builders industry. This 16-stock industry is currently ranked #49. The industry has moved +18.6% year to date.
Going forward, investors interested in Construction stocks should continue to pay close attention to Aspen Aerogels and PulteGroup as they could maintain their solid performance.