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Are Industrial Products Stocks Lagging Mitsui & Co. (MITSY) This Year?
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The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Mitsui & Co. (MITSY - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Mitsui & Co. is a member of our Industrial Products group, which includes 189 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Mitsui & Co. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MITSY's full-year earnings has moved 7% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, MITSY has moved about 23.3% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 7.9% on a year-to-date basis. This means that Mitsui & Co. is performing better than its sector in terms of year-to-date returns.
Another stock in the Industrial Products sector, Resideo Technologies (REZI - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 81.2%.
The consensus estimate for Resideo Technologies' current year EPS has increased 18.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Mitsui & Co. belongs to the Metal Products - Distribution industry, which includes 4 individual stocks and currently sits at #5 in the Zacks Industry Rank. On average, this group has lost an average of 6.3% so far this year, meaning that MITSY is performing better in terms of year-to-date returns.
On the other hand, Resideo Technologies belongs to the Security and Safety Services industry. This 16-stock industry is currently ranked #21. The industry has moved +28.4% year to date.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Mitsui & Co. and Resideo Technologies as they could maintain their solid performance.
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Are Industrial Products Stocks Lagging Mitsui & Co. (MITSY) This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Mitsui & Co. (MITSY - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Mitsui & Co. is a member of our Industrial Products group, which includes 189 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Mitsui & Co. is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MITSY's full-year earnings has moved 7% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, MITSY has moved about 23.3% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 7.9% on a year-to-date basis. This means that Mitsui & Co. is performing better than its sector in terms of year-to-date returns.
Another stock in the Industrial Products sector, Resideo Technologies (REZI - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 81.2%.
The consensus estimate for Resideo Technologies' current year EPS has increased 18.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Mitsui & Co. belongs to the Metal Products - Distribution industry, which includes 4 individual stocks and currently sits at #5 in the Zacks Industry Rank. On average, this group has lost an average of 6.3% so far this year, meaning that MITSY is performing better in terms of year-to-date returns.
On the other hand, Resideo Technologies belongs to the Security and Safety Services industry. This 16-stock industry is currently ranked #21. The industry has moved +28.4% year to date.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Mitsui & Co. and Resideo Technologies as they could maintain their solid performance.