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Has DXP Enterprises (DXPE) Outpaced Other Industrial Products Stocks This Year?

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The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is DXP Enterprises (DXPE - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.

DXP Enterprises is a member of the Industrial Products sector. This group includes 229 individual stocks and currently holds a Zacks Sector Rank of #5. 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. DXP Enterprises is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for DXPE's full-year earnings has moved 127.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that DXPE has returned about 16.9% since the start of the calendar year. At the same time, Industrial Products stocks have lost an average of 21.8%. This shows that DXP Enterprises is outperforming its peers so far this year.

One other Industrial Products stock that has outperformed the sector so far this year is Greif (GEF - Free Report) . The stock is up 0.3% year-to-date.

The consensus estimate for Greif's current year EPS has increased 16.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, DXP Enterprises belongs to the Manufacturing - General Industrial industry, a group that includes 42 individual stocks and currently sits at #70 in the Zacks Industry Rank. On average, this group has lost an average of 25.9% so far this year, meaning that DXPE is performing better in terms of year-to-date returns.

In contrast, Greif falls under the Containers - Paper and Packaging industry. Currently, this industry has 12 stocks and is ranked #21. Since the beginning of the year, the industry has moved -4.3%.

Investors with an interest in Industrial Products stocks should continue to track DXP Enterprises and Greif. These stocks will be looking to continue their solid performance.


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