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Is H&E Equipment Services (HEES) Outperforming Other Industrial Products Stocks This Year?
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The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. H&E Equipment (HEES - 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? Let's take a closer look at the stock's year-to-date performance to find out.
H&E Equipment is a member of the Industrial Products sector. This group includes 222 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. H&E Equipment is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for HEES' full-year earnings has moved 3.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that HEES has returned about 25.4% since the start of the calendar year. Meanwhile, the Industrial Products sector has returned an average of 12.8% on a year-to-date basis. This means that H&E Equipment 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 Eaton (ETN - Free Report) . The stock is up 37.2% year-to-date.
For Eaton, the consensus EPS estimate for the current year has increased 2.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, H&E Equipment belongs to the Manufacturing - Construction and Mining industry, a group that includes 7 individual stocks and currently sits at #19 in the Zacks Industry Rank. On average, stocks in this group have gained 27.7% this year, meaning that HEES is slightly underperforming its industry in terms of year-to-date returns.
Eaton, however, belongs to the Manufacturing - Electronics industry. Currently, this 16-stock industry is ranked #81. The industry has moved +25.1% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on H&E Equipment and Eaton as they attempt to continue their solid performance.
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Is H&E Equipment Services (HEES) Outperforming Other Industrial Products Stocks This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. H&E Equipment (HEES - 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? Let's take a closer look at the stock's year-to-date performance to find out.
H&E Equipment is a member of the Industrial Products sector. This group includes 222 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. H&E Equipment is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for HEES' full-year earnings has moved 3.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that HEES has returned about 25.4% since the start of the calendar year. Meanwhile, the Industrial Products sector has returned an average of 12.8% on a year-to-date basis. This means that H&E Equipment 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 Eaton (ETN - Free Report) . The stock is up 37.2% year-to-date.
For Eaton, the consensus EPS estimate for the current year has increased 2.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, H&E Equipment belongs to the Manufacturing - Construction and Mining industry, a group that includes 7 individual stocks and currently sits at #19 in the Zacks Industry Rank. On average, stocks in this group have gained 27.7% this year, meaning that HEES is slightly underperforming its industry in terms of year-to-date returns.
Eaton, however, belongs to the Manufacturing - Electronics industry. Currently, this 16-stock industry is ranked #81. The industry has moved +25.1% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on H&E Equipment and Eaton as they attempt to continue their solid performance.