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Industry Giant's Stock Up Nearly 40% in Past Year

Article-Industry Giant's Stock Up Nearly 40% in Past Year

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Pool Corp is benefiting from strong pool and spa residential construction, remodeling and renovation trends as the industry continues enjoying explosive growth.

Pool Corporation POOL is poised to benefit from its expansion initiatives, pent-up demand and robust base business. Also, focus on remodeling and replacement activities have been driving sales in the last few quarters.

In the past year, shares of Pool Corp have gained 38.8% against the industry’s decline of 46.6%. The price performance was backed by solid earnings surprise history. Pool Corp’s earnings surpassed the Zacks Consensus Estimate in all of the trailing four quarters. Earnings estimates for 2022 have moved up 7% in the past 60 days. This positive trend signifies bullish analysts’ sentiments and justifies the company’s Zacks Rank #2 (Buy), indicating robust fundamentals and the expectation of outperformance in the near term.

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