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.
Are Industrial Products Stocks Lagging OI Glass (OI) This Year?
Read MoreHide Full Article
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. O-I Glass (OI - 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? 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.
O-I Glass is a member of our Industrial Products group, which includes 222 different companies and currently sits at #4 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 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. O-I Glass is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for OI's full-year earnings has moved 1.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that OI has returned about 15.9% since the start of the calendar year. Meanwhile, stocks in the Industrial Products group have gained about 7.9% on average. This means that O-I Glass is performing better than its sector in terms of year-to-date returns.
Another Industrial Products stock, which has outperformed the sector so far this year, is Terex (TEX - Free Report) . The stock has returned 33% year-to-date.
In Terex's case, the consensus EPS estimate for the current year increased 19% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, O-I Glass belongs to the Glass Products industry, a group that includes 6 individual stocks and currently sits at #41 in the Zacks Industry Rank. On average, stocks in this group have lost 10.8% this year, meaning that OI is performing better 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 #3. The industry has moved +15.9% year to date.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to O-I Glass and Terex as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Industrial Products Stocks Lagging OI Glass (OI) 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. O-I Glass (OI - 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? 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.
O-I Glass is a member of our Industrial Products group, which includes 222 different companies and currently sits at #4 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 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. O-I Glass is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for OI's full-year earnings has moved 1.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that OI has returned about 15.9% since the start of the calendar year. Meanwhile, stocks in the Industrial Products group have gained about 7.9% on average. This means that O-I Glass is performing better than its sector in terms of year-to-date returns.
Another Industrial Products stock, which has outperformed the sector so far this year, is Terex (TEX - Free Report) . The stock has returned 33% year-to-date.
In Terex's case, the consensus EPS estimate for the current year increased 19% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, O-I Glass belongs to the Glass Products industry, a group that includes 6 individual stocks and currently sits at #41 in the Zacks Industry Rank. On average, stocks in this group have lost 10.8% this year, meaning that OI is performing better 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 #3. The industry has moved +15.9% year to date.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to O-I Glass and Terex as they could maintain their solid performance.