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Is Atkore International Group (ATKR) Stock Outpacing Its Industrial Products Peers This Year?
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Investors focused on the Industrial Products space have likely heard of Atkore International Group (ATKR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of ATKR and the rest of the Industrial Products group's stocks.
Atkore International Group 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. ATKR is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ATKR's full-year earnings has moved 18.72% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ATKR has returned about 17.81% since the start of the calendar year. Meanwhile, stocks in the Industrial Products group have lost about 7.88% on average. This means that Atkore International Group is performing better than its sector in terms of year-to-date returns.
Breaking things down more, ATKR is a member of the Wire and Cable Products industry, which includes 4 individual companies and currently sits at #3 in the Zacks Industry Rank. Stocks in this group have gained about 6.48% so far this year, so ATKR is performing better this group in terms of year-to-date returns.
ATKR will likely be looking to continue its solid performance, so investors interested Industrial Products stocks should continue to pay close attention to the company.
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Is Atkore International Group (ATKR) Stock Outpacing Its Industrial Products Peers This Year?
Investors focused on the Industrial Products space have likely heard of Atkore International Group (ATKR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of ATKR and the rest of the Industrial Products group's stocks.
Atkore International Group 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. ATKR is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ATKR's full-year earnings has moved 18.72% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ATKR has returned about 17.81% since the start of the calendar year. Meanwhile, stocks in the Industrial Products group have lost about 7.88% on average. This means that Atkore International Group is performing better than its sector in terms of year-to-date returns.
Breaking things down more, ATKR is a member of the Wire and Cable Products industry, which includes 4 individual companies and currently sits at #3 in the Zacks Industry Rank. Stocks in this group have gained about 6.48% so far this year, so ATKR is performing better this group in terms of year-to-date returns.
ATKR will likely be looking to continue its solid performance, so investors interested Industrial Products stocks should continue to pay close attention to the company.