On Friday, Everus Construction Group got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
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The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The market's biggest winners often have a 95 or higher rating in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
Everus Construction Group is not currently near a proper buy point. Look for the stock to form and break out of a new chart pattern.
The stock has an 86 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 86% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
In Q1, the company posted 31% earnings growth. Revenue growth rose 32%, up from 19% in the prior quarter. That marks four consecutive reports with rising growth.
Everus Construction Group earns the No. 5 rank among its peers in the Building-Heavy Construction industry group. Construction Ptrs Cl A is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
