Advertisement
New Zealand markets closed

  • NZX 50

    11,803.28
    -49.52 (-0.42%)
     

  • NZD/USD

    0.5912
    -0.0009 (-0.15%)
     

  • ALL ORDS

    7,937.90
    +35.90 (+0.45%)
     

  • OIL

    82.65
    +0.75 (+0.92%)
     

  • GOLD

    2,320.90
    -25.50 (-1.09%)
     

Is Armstrong World Industries (AWI) Outperforming Other Construction Stocks This Year?

Zacks Equity Research
Updated
Zacks.com featured highlights include: Lululemon, Sirius, Kohl's and Olympic Steel

Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Is Armstrong World Industries (AWI) one of those stocks right now? 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.

Armstrong World Industries is one of 99 companies in the Construction group. The Construction group currently sits at #4 within 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. AWI is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for AWI's full-year earnings has moved 0.90% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

ADVERTISEMENT

Based on the most recent data, AWI has returned 13.30% so far this year. Meanwhile, stocks in the Construction group have lost about 10.39% on average. This means that Armstrong World Industries is outperforming the sector as a whole this year.

Looking more specifically, AWI belongs to the Building Products - Miscellaneous industry, a group that includes 26 individual stocks and currently sits at #98 in the Zacks Industry Rank. On average, this group has lost an average of 11.06% so far this year, meaning that AWI is performing better in terms of year-to-date returns.

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


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Armstrong World Industries, Inc. (AWI) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research