Investors focused on the Utilities space have likely heard of Otter Tail (OTTR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.
Otter Tail is a member of our Utilities group, which includes 125 different companies and currently sits at #6 in the Zacks Sector Rank. 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. OTTR is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for OTTR's full-year earnings has moved 2.50% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, OTTR has gained about 11.50% so far this year. At the same time, Utilities stocks have gained an average of 0.03%. This means that Otter Tail is performing better than its sector in terms of year-to-date returns.
Looking more specifically, OTTR belongs to the Utility - Electric Power industry, a group that includes 66 individual stocks and currently sits at #95 in the Zacks Industry Rank. On average, this group has gained an average of 3.38% so far this year, meaning that OTTR is performing better in terms of year-to-date returns.
OTTR will likely be looking to continue its solid performance, so investors interested in Utilities 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 focused on the Utilities space have likely heard of Otter Tail (OTTR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.
Otter Tail is a member of our Utilities group, which includes 125 different companies and currently sits at #6 in the Zacks Sector Rank. 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. OTTR is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for OTTR's full-year earnings has moved 2.50% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, OTTR has gained about 11.50% so far this year. At the same time, Utilities stocks have gained an average of 0.03%. This means that Otter Tail is performing better than its sector in terms of year-to-date returns.
Looking more specifically, OTTR belongs to the Utility - Electric Power industry, a group that includes 66 individual stocks and currently sits at #95 in the Zacks Industry Rank. On average, this group has gained an average of 3.38% so far this year, meaning that OTTR is performing better in terms of year-to-date returns.
OTTR will likely be looking to continue its solid performance, so investors interested in Utilities 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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