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Has SMURFIT KAPPA (SMFKY) Outpaced Other Basic Materials Stocks This Year?
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For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. SMURFIT KAPPA (SMFKY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of SMFKY and the rest of the Basic Materials group's stocks.
SMURFIT KAPPA is one of 240 companies in the Basic Materials group. The Basic Materials group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. SMFKY is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for SMFKY's full-year earnings has moved 6.93% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, SMFKY has moved about 21.24% on a year-to-date basis. Meanwhile, the Basic Materials sector has returned an average of -4.52% on a year-to-date basis. This means that SMURFIT KAPPA is performing better than its sector in terms of year-to-date returns.
Looking more specifically, SMFKY belongs to the Paper and Related Products industry, a group that includes 19 individual stocks and currently sits at #36 in the Zacks Industry Rank. Stocks in this group have gained about 0.33% so far this year, so SMFKY is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to SMFKY as it looks to continue its solid performance.
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Has SMURFIT KAPPA (SMFKY) Outpaced Other Basic Materials Stocks This Year?
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. SMURFIT KAPPA (SMFKY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of SMFKY and the rest of the Basic Materials group's stocks.
SMURFIT KAPPA is one of 240 companies in the Basic Materials group. The Basic Materials group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. SMFKY is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for SMFKY's full-year earnings has moved 6.93% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, SMFKY has moved about 21.24% on a year-to-date basis. Meanwhile, the Basic Materials sector has returned an average of -4.52% on a year-to-date basis. This means that SMURFIT KAPPA is performing better than its sector in terms of year-to-date returns.
Looking more specifically, SMFKY belongs to the Paper and Related Products industry, a group that includes 19 individual stocks and currently sits at #36 in the Zacks Industry Rank. Stocks in this group have gained about 0.33% so far this year, so SMFKY is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to SMFKY as it looks to continue its solid performance.