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Are Industrial Products Stocks Lagging Northwest Pipe Company (NWPX) 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 Northwest Pipe Co. (NWPX - 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.
Northwest Pipe Co. is a member of our Industrial Products group, which includes 219 different companies and currently sits at #5 in the Zacks Sector Rank. 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 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. Northwest Pipe Co. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NWPX's full-year earnings has moved 4.3% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, NWPX has returned 15.1% so far this year. Meanwhile, the Industrial Products sector has returned an average of -10.7% on a year-to-date basis. This means that Northwest Pipe Co. is performing better than its sector in terms of year-to-date returns.
One other Industrial Products stock that has outperformed the sector so far this year is Terex (TEX - Free Report) . The stock is up 2.2% year-to-date.
The consensus estimate for Terex's current year EPS has increased 2.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Northwest Pipe Co. belongs to the Metal Products - Procurement and Fabrication industry, a group that includes 13 individual stocks and currently sits at #93 in the Zacks Industry Rank. Stocks in this group have lost about 7% so far this year, so NWPX is performing better this group in terms of year-to-date returns.
On the other hand, Terex belongs to the Manufacturing - Construction and Mining industry. This 7-stock industry is currently ranked #18. The industry has moved +12.6% year to date.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Northwest Pipe Co. and Terex as they could maintain their solid performance.
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Are Industrial Products Stocks Lagging Northwest Pipe Company (NWPX) 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 Northwest Pipe Co. (NWPX - 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.
Northwest Pipe Co. is a member of our Industrial Products group, which includes 219 different companies and currently sits at #5 in the Zacks Sector Rank. 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 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. Northwest Pipe Co. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NWPX's full-year earnings has moved 4.3% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, NWPX has returned 15.1% so far this year. Meanwhile, the Industrial Products sector has returned an average of -10.7% on a year-to-date basis. This means that Northwest Pipe Co. is performing better than its sector in terms of year-to-date returns.
One other Industrial Products stock that has outperformed the sector so far this year is Terex (TEX - Free Report) . The stock is up 2.2% year-to-date.
The consensus estimate for Terex's current year EPS has increased 2.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Northwest Pipe Co. belongs to the Metal Products - Procurement and Fabrication industry, a group that includes 13 individual stocks and currently sits at #93 in the Zacks Industry Rank. Stocks in this group have lost about 7% so far this year, so NWPX is performing better this group in terms of year-to-date returns.
On the other hand, Terex belongs to the Manufacturing - Construction and Mining industry. This 7-stock industry is currently ranked #18. The industry has moved +12.6% year to date.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Northwest Pipe Co. and Terex as they could maintain their solid performance.