We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Hitachi (HTHIY) Outperforming Other Conglomerates Stocks This Year?
Read MoreHide Full Article
Investors focused on the Conglomerates space have likely heard of Hitachi (HTHIY - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Conglomerates peers, we might be able to answer that question.
Hitachi is one of 22 individual stocks in the Conglomerates sector. Collectively, these companies sit at #10 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 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. HTHIY is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for HTHIY's full-year earnings has moved 5.61% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that HTHIY has returned about 18.83% since the start of the calendar year. At the same time, Conglomerates stocks have gained an average of 12.14%. As we can see, Hitachi is performing better than its sector in the calendar year.
To break things down more, HTHIY belongs to the Diversified Operations industry, a group that includes 22 individual companies and currently sits at #110 in the Zacks Industry Rank. Stocks in this group have gained about 12.14% so far this year, so HTHIY is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Conglomerates stocks should continue to pay close attention to HTHIY as it looks to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Hitachi (HTHIY) Outperforming Other Conglomerates Stocks This Year?
Investors focused on the Conglomerates space have likely heard of Hitachi (HTHIY - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Conglomerates peers, we might be able to answer that question.
Hitachi is one of 22 individual stocks in the Conglomerates sector. Collectively, these companies sit at #10 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 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. HTHIY is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for HTHIY's full-year earnings has moved 5.61% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that HTHIY has returned about 18.83% since the start of the calendar year. At the same time, Conglomerates stocks have gained an average of 12.14%. As we can see, Hitachi is performing better than its sector in the calendar year.
To break things down more, HTHIY belongs to the Diversified Operations industry, a group that includes 22 individual companies and currently sits at #110 in the Zacks Industry Rank. Stocks in this group have gained about 12.14% so far this year, so HTHIY is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Conglomerates stocks should continue to pay close attention to HTHIY as it looks to continue its solid performance.