Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Caterpillar (CAT - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Caterpillar is a member of the Industrial Products sector. This group includes 218 individual stocks and currently holds a Zacks Sector Rank of #6. 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. CAT is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CAT's full-year earnings has moved 7.75% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CAT has returned 26.42% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 15.80% on average. This shows that Caterpillar is outperforming its peers so far this year.
To break things down more, CAT belongs to the Manufacturing - Construction and Mining industry, a group that includes 8 individual companies and currently sits at #18 in the Zacks Industry Rank. This group has gained an average of 28.33% so far this year, so CAT is slightly underperforming its industry in this area.
CAT will likely be looking to continue its solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to the company.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Caterpillar (CAT - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Caterpillar is a member of the Industrial Products sector. This group includes 218 individual stocks and currently holds a Zacks Sector Rank of #6. 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. CAT is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CAT's full-year earnings has moved 7.75% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CAT has returned 26.42% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 15.80% on average. This shows that Caterpillar is outperforming its peers so far this year.
To break things down more, CAT belongs to the Manufacturing - Construction and Mining industry, a group that includes 8 individual companies and currently sits at #18 in the Zacks Industry Rank. This group has gained an average of 28.33% so far this year, so CAT is slightly underperforming its industry in this area.
CAT will likely be looking to continue its solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to the company.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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