Is MYR Group (MYRG) Stock Outpacing Its Utilities Peers This Year?

Company Performance - MYR Group (MYRG) has gained approximately 26% year-to-date, outperforming the Utilities sector, which has returned an average of 12.8% [4] - The Zacks Consensus Estimate for MYRG's full-year earnings has increased by 5.8% in the past quarter, indicating improved analyst sentiment and earnings outlook [3] - MYR Group holds a Zacks Rank of 2 (Buy), reflecting its potential to beat the market in the near term [3] Industry Context - MYR Group is part of the Electric Construction industry, which currently ranks 1 in the Zacks Industry Rank, with an average year-to-date gain of 26% [5] - The Utilities sector includes 108 individual stocks and has a Zacks Sector Rank of 3, indicating a relatively strong performance compared to other sectors [2] - Another stock in the Utilities sector, Telenor ASA (TELNY), has shown a year-to-date return of 42.1%, highlighting the competitive landscape within the sector [4][6]