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.
Has Haynes International (HAYN) Outpaced Other Basic Materials Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Haynes International (HAYN - Free Report) one of those stocks right now? 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.
Haynes International is a member of our Basic Materials group, which includes 247 different companies and currently sits at #5 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 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. Haynes International is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for HAYN's full-year earnings has moved 53.3% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, HAYN has moved about 2.7% on a year-to-date basis. In comparison, Basic Materials companies have returned an average of 1.1%. This shows that Haynes International is outperforming its peers so far this year.
Another stock in the Basic Materials sector, Israel Chemicals (ICL - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 7.9%.
For Israel Chemicals, the consensus EPS estimate for the current year has increased 20.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Haynes International belongs to the Steel - Speciality industry, a group that includes 4 individual companies and currently sits at #105 in the Zacks Industry Rank.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has Haynes International (HAYN) Outpaced Other Basic Materials Stocks This Year?
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Haynes International (HAYN - Free Report) one of those stocks right now? 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.
Haynes International is a member of our Basic Materials group, which includes 247 different companies and currently sits at #5 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 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. Haynes International is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for HAYN's full-year earnings has moved 53.3% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, HAYN has moved about 2.7% on a year-to-date basis. In comparison, Basic Materials companies have returned an average of 1.1%. This shows that Haynes International is outperforming its peers so far this year.
Another stock in the Basic Materials sector, Israel Chemicals (ICL - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 7.9%.
For Israel Chemicals, the consensus EPS estimate for the current year has increased 20.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Haynes International belongs to the Steel - Speciality industry, a group that includes 4 individual companies and currently sits at #105 in the Zacks Industry Rank.