The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Celanese (CE - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.
Celanese is a member of the Basic Materials sector. This group includes 239 individual stocks and currently holds a Zacks Sector Rank of #13. 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 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. CE is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CE's full-year earnings has moved 13.44% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, CE has moved about 8.09% on a year-to-date basis. Meanwhile, the Basic Materials sector has returned an average of -5.85% on a year-to-date basis. This shows that Celanese is outperforming its peers so far this year.
To break things down more, CE belongs to the Chemical - Diversified industry, a group that includes 44 individual companies and currently sits at #97 in the Zacks Industry Rank. On average, this group has lost an average of 3.89% so far this year, meaning that CE is performing better in terms of year-to-date returns.
Investors with an interest in Basic Materials stocks should continue to track CE. The stock will be looking to continue its 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 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 >>
The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Celanese (CE - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.
Celanese is a member of the Basic Materials sector. This group includes 239 individual stocks and currently holds a Zacks Sector Rank of #13. 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 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. CE is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CE's full-year earnings has moved 13.44% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, CE has moved about 8.09% on a year-to-date basis. Meanwhile, the Basic Materials sector has returned an average of -5.85% on a year-to-date basis. This shows that Celanese is outperforming its peers so far this year.
To break things down more, CE belongs to the Chemical - Diversified industry, a group that includes 44 individual companies and currently sits at #97 in the Zacks Industry Rank. On average, this group has lost an average of 3.89% so far this year, meaning that CE is performing better in terms of year-to-date returns.
Investors with an interest in Basic Materials stocks should continue to track CE. The stock will be looking to continue its 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 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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