Industrial Products currently occupies the fourth position among the 16 Zacks sectors. Its performance in the past year has been impressive, evident from 6.2% return recorded during the period.
For 2018, the sector's earnings are predicted to increase 24.2% year over year while its revenues are projected to grow 9.6%. There are many factors that reflect the sector’s solid prospects, a few of which are discussed below:
Industrial production in the United States is on the rise. From a year-over-year growth of 2.8% registered in January 2018, the U.S. industrial production has improved roughly 4.9% in August. This improvement indicates the progress of the industrial sector of the country. Furthermore, a healthy job market, strength in housing markets and improving global economy are beneficial.
Investors interested in reaping benefits from prospects in the sector may choose stocks that carry a Zacks Rank #1 (Strong Buy) or 2 (Buy). Of many investment-friendly options, we believe that adding Flowserve Corporation (FLS - Free Report) to the portfolio is a smart choice. The stock currently carries a Zacks Rank #2 and has a favorable VGM Score of B.
In the past three months, Flowserve’s shares yielded 35.1% return, outperforming 8.6% growth recorded by the industry.
Let's delve deeper and discuss why Flowserve is a suitable investment option.
Bottom-Line Performance & Projections: Flowserve's earnings in the second quarter of 2018 surged 86.4% year over year on the back of solid sales growth, improved operating margin and lower tax rate. For 2018, the company anticipates adjusted earnings per share in the range of $1.50-$1.70. This projection is higher than earnings of $1.36 a year ago.
Driven by solid performance and outlook, the company’s earnings estimates have been increased in the past 60 days. It’s worth noting that eight brokerage firms raised estimates for 2018 and six lifted estimates for 2019. Currently, the Zack Consensus Estimate for earnings is pegged at $1.70 for 2018 and $2.12 for 2019, reflecting growth of 4.9% and 4.4% from the respective 60-day-ago tallies.
Also, the company’s earnings in the next five years are projected to grow 17.3% compared with the industry’s 12.9% rise.
Flowserve Corporation Price and Consensus
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 >>
Industrial Products currently occupies the fourth position among the 16 Zacks sectors. Its performance in the past year has been impressive, evident from 6.2% return recorded during the period.
For 2018, the sector's earnings are predicted to increase 24.2% year over year while its revenues are projected to grow 9.6%. There are many factors that reflect the sector’s solid prospects, a few of which are discussed below:
Industrial production in the United States is on the rise. From a year-over-year growth of 2.8% registered in January 2018, the U.S. industrial production has improved roughly 4.9% in August. This improvement indicates the progress of the industrial sector of the country. Furthermore, a healthy job market, strength in housing markets and improving global economy are beneficial.
Investors interested in reaping benefits from prospects in the sector may choose stocks that carry a Zacks Rank #1 (Strong Buy) or 2 (Buy). Of many investment-friendly options, we believe that adding Flowserve Corporation (FLS - Free Report) to the portfolio is a smart choice. The stock currently carries a Zacks Rank #2 and has a favorable VGM Score of B.
In the past three months, Flowserve’s shares yielded 35.1% return, outperforming 8.6% growth recorded by the industry.
Let's delve deeper and discuss why Flowserve is a suitable investment option.
Bottom-Line Performance & Projections: Flowserve's earnings in the second quarter of 2018 surged 86.4% year over year on the back of solid sales growth, improved operating margin and lower tax rate. For 2018, the company anticipates adjusted earnings per share in the range of $1.50-$1.70. This projection is higher than earnings of $1.36 a year ago.
Driven by solid performance and outlook, the company’s earnings estimates have been increased in the past 60 days. It’s worth noting that eight brokerage firms raised estimates for 2018 and six lifted estimates for 2019. Currently, the Zack Consensus Estimate for earnings is pegged at $1.70 for 2018 and $2.12 for 2019, reflecting growth of 4.9% and 4.4% from the respective 60-day-ago tallies.
Also, the company’s earnings in the next five years are projected to grow 17.3% compared with the industry’s 12.9% rise.
Flowserve Corporation Price and Consensus
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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