We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Lakeland Industries (LAKE) Outperforming Other Industrial Products Stocks This Year?
Read MoreHide Full Article
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has Lakeland Industries (LAKE - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Lakeland Industries is one of 212 individual stocks in the Industrial Products sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. 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. LAKE is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for LAKE's full-year earnings has moved 24.32% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, LAKE has gained about 1.65% so far this year. In comparison, Industrial Products companies have returned an average of 1.64%. As we can see, Lakeland Industries is performing better than its sector in the calendar year.
Looking more specifically, LAKE belongs to the Security and Safety Services industry, a group that includes 23 individual stocks and currently sits at #92 in the Zacks Industry Rank. On average, this group has lost an average of 2.24% so far this year, meaning that LAKE is performing better in terms of year-to-date returns.
LAKE will likely be looking to continue its solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to the company.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Lakeland Industries (LAKE) Outperforming Other Industrial Products Stocks This Year?
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has Lakeland Industries (LAKE - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Lakeland Industries is one of 212 individual stocks in the Industrial Products sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. 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. LAKE is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for LAKE's full-year earnings has moved 24.32% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, LAKE has gained about 1.65% so far this year. In comparison, Industrial Products companies have returned an average of 1.64%. As we can see, Lakeland Industries is performing better than its sector in the calendar year.
Looking more specifically, LAKE belongs to the Security and Safety Services industry, a group that includes 23 individual stocks and currently sits at #92 in the Zacks Industry Rank. On average, this group has lost an average of 2.24% so far this year, meaning that LAKE is performing better in terms of year-to-date returns.
LAKE will likely be looking to continue its solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to the company.