Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Arconic is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Arconic is a member of the Basic Materials sector. This group includes 237 individual stocks and currently holds a Zacks Sector Rank of #15. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. ARNC is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ARNC's full-year earnings has moved 9.62% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ARNC has returned about 39.56% since the start of the calendar year. In comparison, Basic Materials companies have returned an average of 10.74%. This means that Arconic is performing better than its sector in terms of year-to-date returns.
Breaking things down more, ARNC is a member of the Mining - Non Ferrous industry, which includes 10 individual companies and currently sits at #189 in the Zacks Industry Rank. This group has gained an average of 22.79% so far this year, so ARNC is performing better in this area.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to ARNC as it looks 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 >>
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Arconic is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Arconic is a member of the Basic Materials sector. This group includes 237 individual stocks and currently holds a Zacks Sector Rank of #15. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. ARNC is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ARNC's full-year earnings has moved 9.62% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ARNC has returned about 39.56% since the start of the calendar year. In comparison, Basic Materials companies have returned an average of 10.74%. This means that Arconic is performing better than its sector in terms of year-to-date returns.
Breaking things down more, ARNC is a member of the Mining - Non Ferrous industry, which includes 10 individual companies and currently sits at #189 in the Zacks Industry Rank. This group has gained an average of 22.79% so far this year, so ARNC is performing better in this area.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to ARNC as it looks 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 >>