Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Has Bunge (BG - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Bunge is a member of the Basic Materials sector. This group includes 251 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. BG is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for BG's full-year earnings has moved 12.37% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, BG has gained about 15.52% so far this year. Meanwhile, stocks in the Basic Materials group have gained about 11.38% on average. This shows that Bunge is outperforming its peers so far this year.
Looking more specifically, BG belongs to the Agriculture - Products industry, which includes 7 individual stocks and currently sits at #91 in the Zacks Industry Rank. On average, stocks in this group have gained 20.73% this year, meaning that BG is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Basic Materials sector will want to keep a close eye on BG as it attempts to continue its solid performance.
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Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Has Bunge (BG - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Bunge is a member of the Basic Materials sector. This group includes 251 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. BG is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for BG's full-year earnings has moved 12.37% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, BG has gained about 15.52% so far this year. Meanwhile, stocks in the Basic Materials group have gained about 11.38% on average. This shows that Bunge is outperforming its peers so far this year.
Looking more specifically, BG belongs to the Agriculture - Products industry, which includes 7 individual stocks and currently sits at #91 in the Zacks Industry Rank. On average, stocks in this group have gained 20.73% this year, meaning that BG is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Basic Materials sector will want to keep a close eye on BG as it attempts to continue its solid performance.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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