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 ESCO Technologies (ESE) Outperforming Other Industrial Products Stocks This Year?
Read MoreHide Full Article
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Esco Technologies (ESE - 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.
Esco Technologies is one of 189 companies in the Industrial Products group. The Industrial Products group currently sits at #10 within 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. Esco Technologies is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ESE's full-year earnings has moved 6.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ESE has returned about 38.2% since the start of the calendar year. Meanwhile, the Industrial Products sector has returned an average of -0.3% on a year-to-date basis. This shows that Esco Technologies is outperforming its peers so far this year.
Another stock in the Industrial Products sector, Kion Group (KIGRY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 51.9%.
Over the past three months, Kion Group's consensus EPS estimate for the current year has increased 25.4%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Esco Technologies belongs to the Manufacturing - Electronics industry, which includes 17 individual stocks and currently sits at #74 in the Zacks Industry Rank. Stocks in this group have lost about 7.2% so far this year, so ESE is performing better this group in terms of year-to-date returns.
In contrast, Kion Group falls under the Industrial Services industry. Currently, this industry has 18 stocks and is ranked #137. Since the beginning of the year, the industry has moved -6.9%.
Investors with an interest in Industrial Products stocks should continue to track Esco Technologies and Kion Group. These stocks will be looking to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is ESCO Technologies (ESE) 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. Esco Technologies (ESE - 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.
Esco Technologies is one of 189 companies in the Industrial Products group. The Industrial Products group currently sits at #10 within 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. Esco Technologies is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ESE's full-year earnings has moved 6.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ESE has returned about 38.2% since the start of the calendar year. Meanwhile, the Industrial Products sector has returned an average of -0.3% on a year-to-date basis. This shows that Esco Technologies is outperforming its peers so far this year.
Another stock in the Industrial Products sector, Kion Group (KIGRY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 51.9%.
Over the past three months, Kion Group's consensus EPS estimate for the current year has increased 25.4%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Esco Technologies belongs to the Manufacturing - Electronics industry, which includes 17 individual stocks and currently sits at #74 in the Zacks Industry Rank. Stocks in this group have lost about 7.2% so far this year, so ESE is performing better this group in terms of year-to-date returns.
In contrast, Kion Group falls under the Industrial Services industry. Currently, this industry has 18 stocks and is ranked #137. Since the beginning of the year, the industry has moved -6.9%.
Investors with an interest in Industrial Products stocks should continue to track Esco Technologies and Kion Group. These stocks will be looking to continue their solid performance.