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Is Marine Products (MPX) Stock Outpacing Its Consumer Discretionary Peers This Year?
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Investors focused on the Consumer Discretionary space have likely heard of Marine Products (MPX - 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 MPX and the rest of the Consumer Discretionary group's stocks.
Marine Products is one of 242 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #11 within the Zacks Sector Rank. 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. MPX is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for MPX's full-year earnings has moved 5.13% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, MPX has moved about 67.11% on a year-to-date basis. Meanwhile, stocks in the Consumer Discretionary group have gained about 6.84% on average. This shows that Marine Products is outperforming its peers so far this year.
Looking more specifically, MPX belongs to the Leisure and Recreation Products industry, a group that includes 14 individual stocks and currently sits at #25 in the Zacks Industry Rank. On average, stocks in this group have gained 18.41% this year, meaning that MPX is performing better in terms of year-to-date returns.
Investors with an interest in Consumer Discretionary stocks should continue to track MPX. The stock will be looking to continue its solid performance.
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Is Marine Products (MPX) Stock Outpacing Its Consumer Discretionary Peers This Year?
Investors focused on the Consumer Discretionary space have likely heard of Marine Products (MPX - 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 MPX and the rest of the Consumer Discretionary group's stocks.
Marine Products is one of 242 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #11 within the Zacks Sector Rank. 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. MPX is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for MPX's full-year earnings has moved 5.13% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, MPX has moved about 67.11% on a year-to-date basis. Meanwhile, stocks in the Consumer Discretionary group have gained about 6.84% on average. This shows that Marine Products is outperforming its peers so far this year.
Looking more specifically, MPX belongs to the Leisure and Recreation Products industry, a group that includes 14 individual stocks and currently sits at #25 in the Zacks Industry Rank. On average, stocks in this group have gained 18.41% this year, meaning that MPX is performing better in terms of year-to-date returns.
Investors with an interest in Consumer Discretionary stocks should continue to track MPX. The stock will be looking to continue its solid performance.