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 DXP Enterprises (DXPE) Stock Outpacing Its Industrial Products Peers This Year?
Read MoreHide Full Article
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has DXP Enterprises (DXPE - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
DXP Enterprises is a member of our Industrial Products group, which includes 190 different companies and currently sits at #9 in the Zacks Sector Rank. 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 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. DXP Enterprises is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for DXPE's full-year earnings has moved 0.4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, DXPE has moved about 12.1% on a year-to-date basis. At the same time, Industrial Products stocks have gained an average of 6.4%. This means that DXP Enterprises is outperforming the sector as a whole this year.
One other Industrial Products stock that has outperformed the sector so far this year is Ardagh Metal Packaging S.A. (AMBP - Free Report) . The stock is up 56.2% year-to-date.
The consensus estimate for Ardagh Metal Packaging S.A.'s current year EPS has increased 13.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, DXP Enterprises belongs to the Manufacturing - General Industrial industry, a group that includes 41 individual companies and currently sits at #74 in the Zacks Industry Rank. This group has gained an average of 6.5% so far this year, so DXPE is performing better in this area.
Ardagh Metal Packaging S.A., however, belongs to the Metal Products - Procurement and Fabrication industry. Currently, this 8-stock industry is ranked #90. The industry has moved +9.2% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on DXP Enterprises and Ardagh Metal Packaging S.A. as they attempt 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 DXP Enterprises (DXPE) Stock Outpacing Its Industrial Products Peers This Year?
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has DXP Enterprises (DXPE - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
DXP Enterprises is a member of our Industrial Products group, which includes 190 different companies and currently sits at #9 in the Zacks Sector Rank. 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 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. DXP Enterprises is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for DXPE's full-year earnings has moved 0.4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, DXPE has moved about 12.1% on a year-to-date basis. At the same time, Industrial Products stocks have gained an average of 6.4%. This means that DXP Enterprises is outperforming the sector as a whole this year.
One other Industrial Products stock that has outperformed the sector so far this year is Ardagh Metal Packaging S.A. (AMBP - Free Report) . The stock is up 56.2% year-to-date.
The consensus estimate for Ardagh Metal Packaging S.A.'s current year EPS has increased 13.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, DXP Enterprises belongs to the Manufacturing - General Industrial industry, a group that includes 41 individual companies and currently sits at #74 in the Zacks Industry Rank. This group has gained an average of 6.5% so far this year, so DXPE is performing better in this area.
Ardagh Metal Packaging S.A., however, belongs to the Metal Products - Procurement and Fabrication industry. Currently, this 8-stock industry is ranked #90. The industry has moved +9.2% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on DXP Enterprises and Ardagh Metal Packaging S.A. as they attempt to continue their solid performance.