We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Is Andritz (ADRZY) Stock Outpacing Its Industrial Products Peers This Year?
Read MoreHide Full Article
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Andritz (ADRZY - Free Report) been one of those stocks this year? 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.
Andritz is one of 190 individual stocks in the Industrial Products sector. Collectively, these companies sit at #10 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 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. Andritz is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ADRZY's full-year earnings has moved 8.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ADRZY has returned 41% so far this year. In comparison, Industrial Products companies have returned an average of -3%. This means that Andritz is performing better than its sector in terms of year-to-date returns.
Another stock in the Industrial Products sector, Insteel Industries (IIIN - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 29.7%.
For Insteel Industries, the consensus EPS estimate for the current year has increased 34.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Andritz belongs to the Industrial Services industry, a group that includes 18 individual companies and currently sits at #181 in the Zacks Industry Rank. Stocks in this group have lost about 7.9% so far this year, so ADRZY is performing better this group in terms of year-to-date returns.
In contrast, Insteel Industries falls under the Wire and Cable Products industry. Currently, this industry has 3 stocks and is ranked #36. Since the beginning of the year, the industry has moved -9.7%.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Andritz and Insteel Industries 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
Is Andritz (ADRZY) Stock Outpacing Its Industrial Products Peers This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Andritz (ADRZY - Free Report) been one of those stocks this year? 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.
Andritz is one of 190 individual stocks in the Industrial Products sector. Collectively, these companies sit at #10 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 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. Andritz is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ADRZY's full-year earnings has moved 8.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ADRZY has returned 41% so far this year. In comparison, Industrial Products companies have returned an average of -3%. This means that Andritz is performing better than its sector in terms of year-to-date returns.
Another stock in the Industrial Products sector, Insteel Industries (IIIN - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 29.7%.
For Insteel Industries, the consensus EPS estimate for the current year has increased 34.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Andritz belongs to the Industrial Services industry, a group that includes 18 individual companies and currently sits at #181 in the Zacks Industry Rank. Stocks in this group have lost about 7.9% so far this year, so ADRZY is performing better this group in terms of year-to-date returns.
In contrast, Insteel Industries falls under the Wire and Cable Products industry. Currently, this industry has 3 stocks and is ranked #36. Since the beginning of the year, the industry has moved -9.7%.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Andritz and Insteel Industries as they could maintain their solid performance.