Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has AZZ (AZZ - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
AZZ is a member of the Industrial Products sector. This group includes 227 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. AZZ is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AZZ's full-year earnings has moved 4.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, AZZ has gained about 10.9% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 1.3% on average. As we can see, AZZ is performing better than its sector in the calendar year.
One other Industrial Products stock that has outperformed the sector so far this year is Bodycote (BYPLF - Free Report) . The stock is up 7.8% year-to-date.
The consensus estimate for Bodycote's current year EPS has increased 0.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, AZZ is a member of the Manufacturing - Electronics industry, which includes 17 individual companies and currently sits at #27 in the Zacks Industry Rank. Stocks in this group have gained about 5.5% so far this year, so AZZ is performing better this group in terms of year-to-date returns.
On the other hand, Bodycote belongs to the Manufacturing - Thermal Products industry. This 4-stock industry is currently ranked #20. The industry has moved -4.9% year to date.
Investors with an interest in Industrial Products stocks should continue to track AZZ and Bodycote. These stocks will be looking to continue their solid performance.
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 an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier 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. Has AZZ (AZZ - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
AZZ is a member of the Industrial Products sector. This group includes 227 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. AZZ is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AZZ's full-year earnings has moved 4.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, AZZ has gained about 10.9% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 1.3% on average. As we can see, AZZ is performing better than its sector in the calendar year.
One other Industrial Products stock that has outperformed the sector so far this year is Bodycote (BYPLF - Free Report) . The stock is up 7.8% year-to-date.
The consensus estimate for Bodycote's current year EPS has increased 0.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, AZZ is a member of the Manufacturing - Electronics industry, which includes 17 individual companies and currently sits at #27 in the Zacks Industry Rank. Stocks in this group have gained about 5.5% so far this year, so AZZ is performing better this group in terms of year-to-date returns.
On the other hand, Bodycote belongs to the Manufacturing - Thermal Products industry. This 4-stock industry is currently ranked #20. The industry has moved -4.9% year to date.
Investors with an interest in Industrial Products stocks should continue to track AZZ and Bodycote. These stocks will be looking to continue their solid performance.
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 an American AI company that’s riding low right now, but it has rounded up clients like BMW, GE, Dell Computer, and Bosch. It has prospects for not just doubling but quadrupling in the year to come. Of course, all our picks aren’t winners but this one could far surpass earlier 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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