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 OI Glass (OI) Stock Outpacing Its Industrial Products Peers 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. Is O-I Glass (OI - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
O-I Glass is a member of our Industrial Products group, which includes 190 different companies and currently sits at #2 in 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. O-I Glass is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for OI's full-year earnings has moved 9.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, OI has moved about 33.2% on a year-to-date basis. Meanwhile, stocks in the Industrial Products group have gained about 6.2% on average. This means that O-I Glass is performing better than its sector in terms of year-to-date returns.
Another Industrial Products stock, which has outperformed the sector so far this year, is Otis Worldwide (OTIS - Free Report) . The stock has returned 8.4% year-to-date.
For Otis Worldwide, the consensus EPS estimate for the current year has increased 0.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, O-I Glass is a member of the Glass Products industry, which includes 2 individual companies and currently sits at #1 in the Zacks Industry Rank. This group has lost an average of 3.7% so far this year, so OI is performing better in this area.
On the other hand, Otis Worldwide belongs to the Manufacturing - General Industrial industry. This 41-stock industry is currently ranked #36. The industry has moved +5.6% year to date.
O-I Glass and Otis Worldwide could continue their solid performance, so investors interested in Industrial Products 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
Is OI Glass (OI) Stock Outpacing Its Industrial Products Peers This Year?
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is O-I Glass (OI - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
O-I Glass is a member of our Industrial Products group, which includes 190 different companies and currently sits at #2 in 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. O-I Glass is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for OI's full-year earnings has moved 9.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, OI has moved about 33.2% on a year-to-date basis. Meanwhile, stocks in the Industrial Products group have gained about 6.2% on average. This means that O-I Glass is performing better than its sector in terms of year-to-date returns.
Another Industrial Products stock, which has outperformed the sector so far this year, is Otis Worldwide (OTIS - Free Report) . The stock has returned 8.4% year-to-date.
For Otis Worldwide, the consensus EPS estimate for the current year has increased 0.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, O-I Glass is a member of the Glass Products industry, which includes 2 individual companies and currently sits at #1 in the Zacks Industry Rank. This group has lost an average of 3.7% so far this year, so OI is performing better in this area.
On the other hand, Otis Worldwide belongs to the Manufacturing - General Industrial industry. This 41-stock industry is currently ranked #36. The industry has moved +5.6% year to date.
O-I Glass and Otis Worldwide could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.