Investors focused on the Construction space have likely heard of North American Construction Group (NOA Quick QuoteNOA - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.

North American Construction Group is a member of our Construction group, which includes 92 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

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. NOA is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for NOA's full-year earnings has moved 84.29% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, NOA has gained about 136.16% so far this year. Meanwhile, stocks in the Construction group have lost about 14.14% on average. This shows that North American Construction Group is outperforming its peers so far this year.

Looking more specifically, NOA belongs to the Building Products - Heavy Construction industry, which includes 11 individual stocks and currently sits at #62 in the Zacks Industry Rank. On average, this group has lost an average of 17.76% so far this year, meaning that NOA is performing better in terms of year-to-date returns.

Investors with an interest in Construction stocks should continue to track NOA. The stock will be looking to continue its solid performance.