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 Ternium (TX) Stock Outpacing Its Basic Materials Peers This Year?
Read MoreHide Full Article
Investors focused on the Basic Materials space have likely heard of Ternium (TX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.
Ternium is one of 252 individual stocks in the Basic Materials sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. TX is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for TX's full-year earnings has moved 42.35% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, TX has gained about 53.47% so far this year. Meanwhile, the Basic Materials sector has returned an average of 8.62% on a year-to-date basis. This means that Ternium is performing better than its sector in terms of year-to-date returns.
Looking more specifically, TX belongs to the Steel - Producers industry, a group that includes 24 individual stocks and currently sits at #37 in the Zacks Industry Rank. On average, this group has gained an average of 41.71% so far this year, meaning that TX is performing better in terms of year-to-date returns.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to TX as it looks to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Ternium (TX) Stock Outpacing Its Basic Materials Peers This Year?
Investors focused on the Basic Materials space have likely heard of Ternium (TX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.
Ternium is one of 252 individual stocks in the Basic Materials sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. TX is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for TX's full-year earnings has moved 42.35% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, TX has gained about 53.47% so far this year. Meanwhile, the Basic Materials sector has returned an average of 8.62% on a year-to-date basis. This means that Ternium is performing better than its sector in terms of year-to-date returns.
Looking more specifically, TX belongs to the Steel - Producers industry, a group that includes 24 individual stocks and currently sits at #37 in the Zacks Industry Rank. On average, this group has gained an average of 41.71% so far this year, meaning that TX is performing better in terms of year-to-date returns.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to TX as it looks to continue its solid performance.