Can the 5 Construction Stocks Hit Targets This Earnings Season?

The Zacks Construction sector is expected to witness tepid growth this season thanks to the elevated mortgage rates as well as high material and labor costs.Per the latest Earnings Trends report, the latest earnings season has seen releases from approximately 46.2% of the total construction companies on the S&P 500 Index, capturing a total market cap of 55.4%. Of them, total earnings increased 7% from the year-ago period on 4.5% higher revenues, with 83.3% beating earnings per share (EPS) estimates and 50% ...