Construction Partners (ROAD) , a Zacks Rank #1 (Strong Buy), is engaged in the construction of roadways across several southern U.S. states. ROAD shares are widely outperforming the market this year with the backing of a leading industry group. The stock is hitting a series of 52-week highs and displaying relative strength as buying pressure accumulates in this top-ranked stock.ROAD stock is part of the Zacks Building Products – Miscellaneous industry group, which ranks in the top 36% out of more than 250 Zacks Ranked Industries. Because it is ranked in the top half of all Zacks Ranked Industries, we expect this group to outperform the market over the next 3 to 6 months.This industry is showing favorable characteristics as we can see below: 
Image Source: Zacks Investment ResearchHistorical research studies suggest that approximately half of a stock’s price appreciation is due to its industry grouping. In fact, the top 50% of Zacks Ranked Industries outperforms the bottom 50% by a factor of more than 2 to 1.It’s no secret that investing in stocks that are part of leading industry groups can give us a leg up relative to the market. By focusing on leading stocks within the top 50% of Zacks Ranked Industries, we can dramatically improve our stock-picking success. Company DescriptionConstruction Partners, a civil infrastructure company, builds and maintains roadways across Alabama, Florida, Georgia, North Carolina, and South Carolina. The company provides various products and services to public and private infrastructure projects with a focus on highways, roads, bridges, airports, and commercial and residential developments.A vertically integrated company, Construction Partners is also engaged in manufacturing and distribution of hot-mix asphalt, paving activities, and site development, the latter of which includes the installation of utility and drainage systems. Formerly known as SunTx CPI Growth Company, Construction Partners was incorporated in 1999 and is headquartered in Dothan, Alabama.Earlier in August, CEO Fred Smith announced that the company acquired Georgia-based Robinson Paving Company. As a result of the transaction, Construction Partners added three hot-mix asphalt plants along with related crews and equipment. Earnings Trends and Future EstimatesThe construction company has put together an impressive earnings history, surpassing earnings estimates in each of the past six quarters. Just last week, the company reported fiscal third-quarter earnings of $0.59/share, a 9.3% surprise over the $0.54/share consensus estimate. Construction Partners has delivered a trailing four-quarter average earnings surprise of 35.1%.ROAD shares received a boost as analysts covering the company have been increasing their fiscal 2025 earnings estimates lately. For the upcoming fiscal year, earnings estimates have risen 8.09% in the past 60 days. The Zacks Consensus EPS Estimate now stands at $1.87/share, reflecting a staggering potential growth rate of 29.5% relative to the prior year. 
Image Source: Zacks Investment Research Let’s Get TechnicalROAD stock has advanced nearly 40% this year alone. This is the kind of stock we want to include in our portfolio – one that is trending well and receiving positive earnings estimate revisions. 
Image Source: StockChartsNotice how both the 50-day (blue line) and 200-day (red line) moving averages are sloping up. The stock has been making a series of 52-week highs, widely outperforming the major indices. With both strong fundamental and technical indicators, ROAD stock is poised to continue its outperformance.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. As we know, Construction Partners has recently witnessed positive revisions. As long as this trend remains intact (and ROAD continues to deliver earnings beats), the stock will likely continue its bullish run into the end of this year and beyond. Bottom LineConstruction Partners is ranked favorably by our Zacks Style Scores, with a second-best ‘B’ mark in our Growth category. This indicates that further upside is likely based on favorable earnings and sales metrics.Backed by a top industry group and impressive history of earnings beats, it’s not difficult to see why this company is a compelling investment. Robust fundamentals combined with an appealing technical trend certainly justify adding shares to the mix. The future looks bright for this highly-ranked, leading stock.More By This Author:Bear Of The Day: J. B. Hunt Transport Services2 Highly Ranked Restaurant Stocks That Can Fulfill Investors’ Appetites3 Communication Services Funds To Buy As Rate Cuts Draw Near
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