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.
Are Utilities Stocks Lagging ENGIE - Sponsored ADR (ENGIY) This Year?
Read MoreHide Full Article
The Utilities group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. ENGIE - Sponsored ADR (ENGIY - 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.
ENGIE - Sponsored ADR is a member of the Utilities sector. This group includes 106 individual stocks and currently holds a Zacks Sector Rank of #2. 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. ENGIE - Sponsored ADR is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ENGIY's full-year earnings has moved 19.6% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ENGIY has returned about 46.6% since the start of the calendar year. Meanwhile, the Utilities sector has returned an average of 8.1% on a year-to-date basis. As we can see, ENGIE - Sponsored ADR is performing better than its sector in the calendar year.
Another Utilities stock, which has outperformed the sector so far this year, is National Grid (NGG - Free Report) . The stock has returned 23.7% year-to-date.
The consensus estimate for National Grid's current year EPS has increased 5.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, ENGIE - Sponsored ADR belongs to the Utility - Electric Power industry, a group that includes 60 individual companies and currently sits at #83 in the Zacks Industry Rank. Stocks in this group have gained about 8% so far this year, so ENGIY is performing better this group in terms of year-to-date returns. National Grid is also part of the same industry.
ENGIE - Sponsored ADR and National Grid could continue their solid performance, so investors interested in Utilities stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Utilities Stocks Lagging ENGIE - Sponsored ADR (ENGIY) This Year?
The Utilities group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. ENGIE - Sponsored ADR (ENGIY - 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.
ENGIE - Sponsored ADR is a member of the Utilities sector. This group includes 106 individual stocks and currently holds a Zacks Sector Rank of #2. 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. ENGIE - Sponsored ADR is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ENGIY's full-year earnings has moved 19.6% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ENGIY has returned about 46.6% since the start of the calendar year. Meanwhile, the Utilities sector has returned an average of 8.1% on a year-to-date basis. As we can see, ENGIE - Sponsored ADR is performing better than its sector in the calendar year.
Another Utilities stock, which has outperformed the sector so far this year, is National Grid (NGG - Free Report) . The stock has returned 23.7% year-to-date.
The consensus estimate for National Grid's current year EPS has increased 5.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, ENGIE - Sponsored ADR belongs to the Utility - Electric Power industry, a group that includes 60 individual companies and currently sits at #83 in the Zacks Industry Rank. Stocks in this group have gained about 8% so far this year, so ENGIY is performing better this group in terms of year-to-date returns. National Grid is also part of the same industry.
ENGIE - Sponsored ADR and National Grid could continue their solid performance, so investors interested in Utilities stocks should continue to pay close attention to these stocks.