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 Industrial Products Stocks Lagging ESCO Technologies (ESE) 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. 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? Let's take a closer look at the stock's year-to-date performance to find out.
Esco Technologies is one of 189 individual stocks in the Industrial Products sector. Collectively, these companies sit at #1 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. Esco Technologies is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ESE's full-year earnings has moved 6.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ESE has returned about 46.7% since the start of the calendar year. Meanwhile, stocks in the Industrial Products group have gained about 8.7% on average. This means that Esco Technologies is performing better than its sector in terms of year-to-date returns.
Another stock in the Industrial Products sector, AZZ (AZZ - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 36.3%.
In AZZ's case, the consensus EPS estimate for the current year increased 4.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Esco Technologies belongs to the Manufacturing - Electronics industry, a group that includes 15 individual companies and currently sits at #39 in the Zacks Industry Rank. This group has gained an average of 13.8% so far this year, so ESE is performing better in this area. AZZ is also part of the same industry.
Investors with an interest in Industrial Products stocks should continue to track Esco Technologies and AZZ. 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
Are Industrial Products Stocks Lagging ESCO Technologies (ESE) 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. 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? Let's take a closer look at the stock's year-to-date performance to find out.
Esco Technologies is one of 189 individual stocks in the Industrial Products sector. Collectively, these companies sit at #1 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. Esco Technologies is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ESE's full-year earnings has moved 6.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ESE has returned about 46.7% since the start of the calendar year. Meanwhile, stocks in the Industrial Products group have gained about 8.7% on average. This means that Esco Technologies is performing better than its sector in terms of year-to-date returns.
Another stock in the Industrial Products sector, AZZ (AZZ - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 36.3%.
In AZZ's case, the consensus EPS estimate for the current year increased 4.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Esco Technologies belongs to the Manufacturing - Electronics industry, a group that includes 15 individual companies and currently sits at #39 in the Zacks Industry Rank. This group has gained an average of 13.8% so far this year, so ESE is performing better in this area. AZZ is also part of the same industry.
Investors with an interest in Industrial Products stocks should continue to track Esco Technologies and AZZ. These stocks will be looking to continue their solid performance.