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Is Lennar (LEN) Outperforming Other Construction Stocks This Year?

Zacks Equity Research

Investors interested in Construction stocks should always be looking to find the best-performing companies in the group. Lennar (LEN) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.

Lennar is a member of our Construction group, which includes 101 different companies and currently sits at #1 in the Zacks Sector Rank. 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. LEN is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for LEN's full-year earnings has moved 3.42% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

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Based on the latest available data, LEN has gained about 57.37% so far this year. In comparison, Construction companies have returned an average of 38.64%. As we can see, Lennar is performing better than its sector in the calendar year.

Breaking things down more, LEN is a member of the Building Products - Home Builders industry, which includes 19 individual companies and currently sits at #9 in the Zacks Industry Rank. Stocks in this group have gained about 55.36% so far this year, so LEN is performing better this group in terms of year-to-date returns.

Going forward, investors interested in Construction stocks should continue to pay close attention to LEN as it looks to continue its solid performance.


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Zacks Investment Research