Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Construction Partners (ROAD) currently holding a Momentum Style Score of B [2][3] Group 2: Performance Metrics of Construction Partners - Construction Partners has a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3] - Over the past week, ROAD shares increased by 2.1%, while the Zacks Building Products - Miscellaneous industry rose by only 0.06% [5] - In the last quarter, ROAD shares surged by 49.11%, and over the past year, they have risen by 84.36%, significantly outperforming the S&P 500's gains of 3.59% and 14.21% respectively [6] Group 3: Trading Volume and Earnings Outlook - ROAD's average 20-day trading volume is 501,201 shares, which is a bullish indicator when combined with rising stock prices [7] - In the past two months, three earnings estimates for ROAD have increased, raising the consensus estimate from $1.96 to $2.14 [9] - For the next fiscal year, two estimates have moved upwards, while one has been revised downwards [9] Group 4: Conclusion - Given the positive performance metrics and earnings outlook, Construction Partners is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]
Are You Looking for a Top Momentum Pick? Why Construction Partners (ROAD) is a Great Choice