Is Orion Group Holdings (ORN) 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 Orion Group Holdings (ORN) been one of those stocks this year? Let’s take a closer look at the stock’s year-to-date performance to find out.
Orion Group Holdings is a member of the Construction sector. This group includes 99 individual stocks and currently holds a Zacks Sector Rank of #9. 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. ORN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ORN’s full-year earnings has moved 42.86% higher. This signals that analyst sentiment is improving and the stock’s earnings outlook is more positive.
According to our latest data, ORN has moved about 9.83% on a year-to-date basis. At the same time, Construction stocks have lost an average of 6.19%. As we can see, Orion Group Holdings is performing better than its sector in the calendar year.
Breaking things down more, ORN is a member of the Building Products – Heavy Construction industry, which includes 11 individual companies and currently sits at #69 in the Zacks Industry Rank. This group has lost an average of 4.75% so far this year, so ORN is performing better in this area.
Investors in the Construction sector will want to keep a close eye on ORN as it attempts to continue its solid performance.
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