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 Mercer International (MERC) Outpaced Other Basic Materials Stocks This Year?
Read MoreHide Full Article
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Mercer International (MERC - Free Report) 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? Let's take a closer look at the stock's year-to-date performance to find out.
Mercer International is one of 241 individual stocks in the Basic Materials sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Mercer International is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for MERC's full-year earnings has moved 69.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, MERC has gained about 17.7% so far this year. At the same time, Basic Materials stocks have lost an average of 3.5%. This means that Mercer International is outperforming the sector as a whole this year.
Nutrien (NTR - Free Report) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 12.1%.
In Nutrien's case, the consensus EPS estimate for the current year increased 44% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Mercer International belongs to the Paper and Related Products industry, which includes 13 individual stocks and currently sits at #34 in the Zacks Industry Rank. This group has lost an average of 8.2% so far this year, so MERC is performing better in this area.
In contrast, Nutrien falls under the Fertilizers industry. Currently, this industry has 7 stocks and is ranked #32. Since the beginning of the year, the industry has moved +23.1%.
Mercer International and Nutrien could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has Mercer International (MERC) Outpaced Other Basic Materials Stocks This Year?
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Mercer International (MERC - Free Report) 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? Let's take a closer look at the stock's year-to-date performance to find out.
Mercer International is one of 241 individual stocks in the Basic Materials sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Mercer International is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for MERC's full-year earnings has moved 69.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, MERC has gained about 17.7% so far this year. At the same time, Basic Materials stocks have lost an average of 3.5%. This means that Mercer International is outperforming the sector as a whole this year.
Nutrien (NTR - Free Report) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 12.1%.
In Nutrien's case, the consensus EPS estimate for the current year increased 44% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Mercer International belongs to the Paper and Related Products industry, which includes 13 individual stocks and currently sits at #34 in the Zacks Industry Rank. This group has lost an average of 8.2% so far this year, so MERC is performing better in this area.
In contrast, Nutrien falls under the Fertilizers industry. Currently, this industry has 7 stocks and is ranked #32. Since the beginning of the year, the industry has moved +23.1%.
Mercer International and Nutrien could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.