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Has MasTec (MTZ) Outpaced Other Construction Stocks This Year?
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Investors focused on the Construction space have likely heard of MasTec (MTZ - Free Report) , 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.
MasTec is a member of the Construction sector. This group includes 101 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. MTZ is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for MTZ's full-year earnings has moved 11.26% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that MTZ has returned about 67.28% since the start of the calendar year. In comparison, Construction companies have returned an average of 38.12%. This means that MasTec is performing better than its sector in terms of year-to-date returns.
To break things down more, MTZ belongs to the Building Products - Heavy Construction industry, a group that includes 13 individual companies and currently sits at #25 in the Zacks Industry Rank. On average, this group has gained an average of 30.34% so far this year, meaning that MTZ is performing better in terms of year-to-date returns.
MTZ will likely be looking to continue its solid performance, so investors interested in Construction stocks should continue to pay close attention to the company.
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Has MasTec (MTZ) Outpaced Other Construction Stocks This Year?
Investors focused on the Construction space have likely heard of MasTec (MTZ - Free Report) , 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.
MasTec is a member of the Construction sector. This group includes 101 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. MTZ is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for MTZ's full-year earnings has moved 11.26% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that MTZ has returned about 67.28% since the start of the calendar year. In comparison, Construction companies have returned an average of 38.12%. This means that MasTec is performing better than its sector in terms of year-to-date returns.
To break things down more, MTZ belongs to the Building Products - Heavy Construction industry, a group that includes 13 individual companies and currently sits at #25 in the Zacks Industry Rank. On average, this group has gained an average of 30.34% so far this year, meaning that MTZ is performing better in terms of year-to-date returns.
MTZ will likely be looking to continue its solid performance, so investors interested in Construction stocks should continue to pay close attention to the company.