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Has Barnes Group (B) 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. Barnes Group (B - 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 B and the rest of the Industrial Products group's stocks.
Barnes Group is a member of our Industrial Products group, which includes 208 different companies and currently sits at #7 in 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. B is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for B's full-year earnings has moved 5.24% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, B has gained about 6.01% so far this year. Meanwhile, stocks in the Industrial Products group have lost about 7.27% on average. This means that Barnes Group is outperforming the sector as a whole this year.
Breaking things down more, B is a member of the Manufacturing - General Industrial industry, which includes 39 individual companies and currently sits at #82 in the Zacks Industry Rank. This group has lost an average of 1.63% so far this year, so B is performing better in this area.
Investors with an interest in Industrial Products stocks should continue to track B. The stock will be looking to continue its solid performance.
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Has Barnes Group (B) 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. Barnes Group (B - 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 B and the rest of the Industrial Products group's stocks.
Barnes Group is a member of our Industrial Products group, which includes 208 different companies and currently sits at #7 in 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. B is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for B's full-year earnings has moved 5.24% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, B has gained about 6.01% so far this year. Meanwhile, stocks in the Industrial Products group have lost about 7.27% on average. This means that Barnes Group is outperforming the sector as a whole this year.
Breaking things down more, B is a member of the Manufacturing - General Industrial industry, which includes 39 individual companies and currently sits at #82 in the Zacks Industry Rank. This group has lost an average of 1.63% so far this year, so B is performing better in this area.
Investors with an interest in Industrial Products stocks should continue to track B. The stock will be looking to continue its solid performance.