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Is Harsco (HSC) Stock Outpacing Its Industrial Products Peers This Year?

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Investors focused on the Industrial Products space have likely heard of Harsco , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.

Harsco is a member of our Industrial Products group, which includes 210 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. HSC is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for HSC's full-year earnings has moved 9.09% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

According to our latest data, HSC has moved about 34.85% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of -6.11%. This means that Harsco is performing better than its sector in terms of year-to-date returns.

Breaking things down more, HSC is a member of the Industrial Services industry, which includes 15 individual companies and currently sits at #22 in the Zacks Industry Rank. This group has gained an average of 19.54% so far this year, so HSC is performing better in this area.

Investors with an interest in Industrial Products stocks should continue to track HSC. The stock will be looking to continue its solid performance.