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Has AZZ (AZZ) Outpaced Other Industrial Products Stocks This Year?
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For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is AZZ (AZZ - Free Report) one of those stocks right now? 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.
AZZ is a member of the Industrial Products sector. This group includes 208 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. AZZ is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AZZ's full-year earnings has moved 10% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that AZZ has returned about 4.79% since the start of the calendar year. At the same time, Industrial Products stocks have lost an average of 7.88%. This shows that AZZ is outperforming its peers so far this year.
Looking more specifically, AZZ belongs to the Manufacturing - Electronics industry, a group that includes 20 individual stocks and currently sits at #188 in the Zacks Industry Rank. This group has lost an average of 2.75% so far this year, so AZZ is performing better in this area.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to AZZ as it looks to continue its solid performance.
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Has AZZ (AZZ) Outpaced Other Industrial Products Stocks This Year?
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is AZZ (AZZ - Free Report) one of those stocks right now? 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.
AZZ is a member of the Industrial Products sector. This group includes 208 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. AZZ is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AZZ's full-year earnings has moved 10% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that AZZ has returned about 4.79% since the start of the calendar year. At the same time, Industrial Products stocks have lost an average of 7.88%. This shows that AZZ is outperforming its peers so far this year.
Looking more specifically, AZZ belongs to the Manufacturing - Electronics industry, a group that includes 20 individual stocks and currently sits at #188 in the Zacks Industry Rank. This group has lost an average of 2.75% so far this year, so AZZ is performing better in this area.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to AZZ as it looks to continue its solid performance.