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Is Bodycote (BYPLF) Outperforming Other Industrial Products Stocks This Year?
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Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Bodycote (BYPLF - 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.
Bodycote is one of 222 individual stocks in the Industrial Products sector. Collectively, these companies sit at #3 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Bodycote is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BYPLF's full-year earnings has moved 4.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, BYPLF has returned 13.6% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 12.3% on average. This means that Bodycote is outperforming the sector as a whole this year.
One other Industrial Products stock that has outperformed the sector so far this year is Constellium (CSTM - Free Report) . The stock is up 14.6% year-to-date.
Over the past three months, Constellium's consensus EPS estimate for the current year has increased 3.5%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Bodycote is a member of the Manufacturing - Thermal Products industry, which includes 4 individual companies and currently sits at #10 in the Zacks Industry Rank. On average, this group has gained an average of 9.5% so far this year, meaning that BYPLF is performing better in terms of year-to-date returns.
In contrast, Constellium falls under the Metal Products - Distribution industry. Currently, this industry has 3 stocks and is ranked #26. Since the beginning of the year, the industry has moved +11%.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Bodycote and Constellium as they could maintain their solid performance.
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Is Bodycote (BYPLF) Outperforming Other Industrial Products Stocks This Year?
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Bodycote (BYPLF - 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.
Bodycote is one of 222 individual stocks in the Industrial Products sector. Collectively, these companies sit at #3 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Bodycote is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BYPLF's full-year earnings has moved 4.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, BYPLF has returned 13.6% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 12.3% on average. This means that Bodycote is outperforming the sector as a whole this year.
One other Industrial Products stock that has outperformed the sector so far this year is Constellium (CSTM - Free Report) . The stock is up 14.6% year-to-date.
Over the past three months, Constellium's consensus EPS estimate for the current year has increased 3.5%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Bodycote is a member of the Manufacturing - Thermal Products industry, which includes 4 individual companies and currently sits at #10 in the Zacks Industry Rank. On average, this group has gained an average of 9.5% so far this year, meaning that BYPLF is performing better in terms of year-to-date returns.
In contrast, Constellium falls under the Metal Products - Distribution industry. Currently, this industry has 3 stocks and is ranked #26. Since the beginning of the year, the industry has moved +11%.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Bodycote and Constellium as they could maintain their solid performance.