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Is RBC Bearings (ROLL) Outperforming 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 RBC Bearings one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
RBC Bearings is a member of the Industrial Products sector. This group includes 228 individual stocks and currently holds a Zacks Sector Rank of #7. 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. RBC Bearings is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ROLL's full-year earnings has moved 24.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ROLL has returned 14.9% so far this year. Meanwhile, stocks in the Industrial Products group have lost about 20.9% on average. This means that RBC Bearings is outperforming the sector as a whole this year.
One other Industrial Products stock that has outperformed the sector so far this year is Reliance Steel (RS - Free Report) . The stock is up 8.2% year-to-date.
For Reliance Steel, the consensus EPS estimate for the current year has increased 1.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, RBC Bearings belongs to the Manufacturing - General Industrial industry, which includes 39 individual stocks and currently sits at #145 in the Zacks Industry Rank. On average, this group has lost an average of 22% so far this year, meaning that ROLL is performing better in terms of year-to-date returns.
On the other hand, Reliance Steel belongs to the Metal Products - Distribution industry. This 5-stock industry is currently ranked #50. The industry has moved -17.3% year to date.
Investors with an interest in Industrial Products stocks should continue to track RBC Bearings and Reliance Steel. These stocks will be looking to continue their solid performance.
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Is RBC Bearings (ROLL) Outperforming 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 RBC Bearings one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
RBC Bearings is a member of the Industrial Products sector. This group includes 228 individual stocks and currently holds a Zacks Sector Rank of #7. 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. RBC Bearings is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ROLL's full-year earnings has moved 24.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ROLL has returned 14.9% so far this year. Meanwhile, stocks in the Industrial Products group have lost about 20.9% on average. This means that RBC Bearings is outperforming the sector as a whole this year.
One other Industrial Products stock that has outperformed the sector so far this year is Reliance Steel (RS - Free Report) . The stock is up 8.2% year-to-date.
For Reliance Steel, the consensus EPS estimate for the current year has increased 1.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, RBC Bearings belongs to the Manufacturing - General Industrial industry, which includes 39 individual stocks and currently sits at #145 in the Zacks Industry Rank. On average, this group has lost an average of 22% so far this year, meaning that ROLL is performing better in terms of year-to-date returns.
On the other hand, Reliance Steel belongs to the Metal Products - Distribution industry. This 5-stock industry is currently ranked #50. The industry has moved -17.3% year to date.
Investors with an interest in Industrial Products stocks should continue to track RBC Bearings and Reliance Steel. These stocks will be looking to continue their solid performance.