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Has W.W. Grainger (GWW) Outpaced Other Industrial Products Stocks This Year?
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For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is W.W. Grainger (GWW - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
W.W. Grainger is a member of the Industrial Products sector. This group includes 229 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. W.W. Grainger is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GWW's full-year earnings has moved 6.7% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, GWW has moved about 4.8% on a year-to-date basis. At the same time, Industrial Products stocks have lost an average of 16%. This shows that W.W. Grainger is outperforming its peers so far this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is CECO Environmental . The stock has returned 26.7% year-to-date.
For CECO Environmental, the consensus EPS estimate for the current year has increased 18.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, W.W. Grainger belongs to the Industrial Services industry, a group that includes 24 individual stocks and currently sits at #174 in the Zacks Industry Rank. On average, this group has lost an average of 24.7% so far this year, meaning that GWW is performing better in terms of year-to-date returns.
On the other hand, CECO Environmental belongs to the Pollution Control industry. This 11-stock industry is currently ranked #31. The industry has moved -6.3% year to date.
W.W. Grainger and CECO Environmental could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
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Has W.W. Grainger (GWW) Outpaced Other Industrial Products Stocks This Year?
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is W.W. Grainger (GWW - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
W.W. Grainger is a member of the Industrial Products sector. This group includes 229 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. W.W. Grainger is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GWW's full-year earnings has moved 6.7% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, GWW has moved about 4.8% on a year-to-date basis. At the same time, Industrial Products stocks have lost an average of 16%. This shows that W.W. Grainger is outperforming its peers so far this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is CECO Environmental . The stock has returned 26.7% year-to-date.
For CECO Environmental, the consensus EPS estimate for the current year has increased 18.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, W.W. Grainger belongs to the Industrial Services industry, a group that includes 24 individual stocks and currently sits at #174 in the Zacks Industry Rank. On average, this group has lost an average of 24.7% so far this year, meaning that GWW is performing better in terms of year-to-date returns.
On the other hand, CECO Environmental belongs to the Pollution Control industry. This 11-stock industry is currently ranked #31. The industry has moved -6.3% year to date.
W.W. Grainger and CECO Environmental could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.