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Is Flexible Solutions International (FSI) Stock Outpacing Its Basic Materials Peers This Year?
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Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Has Flexible Solutions International Inc. (FSI - 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.
Flexible Solutions International Inc. is a member of the Basic Materials sector. This group includes 236 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Flexible Solutions International Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for FSI's full-year earnings has moved 29.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, FSI has gained about 174.5% so far this year. At the same time, Basic Materials stocks have gained an average of 21.6%. This means that Flexible Solutions International Inc. is performing better than its sector in terms of year-to-date returns.
One other Basic Materials stock that has outperformed the sector so far this year is US Gold Corp (USAU - Free Report) . The stock is up 146.7% year-to-date.
The consensus estimate for US Gold Corp's current year EPS has increased 21.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Flexible Solutions International Inc. belongs to the Chemical - Specialty industry, a group that includes 37 individual companies and currently sits at #168 in the Zacks Industry Rank. On average, stocks in this group have gained 4% this year, meaning that FSI is performing better in terms of year-to-date returns.
On the other hand, US Gold Corp belongs to the Mining - Gold industry. This 39-stock industry is currently ranked #98. The industry has moved +112.4% year to date.
Investors with an interest in Basic Materials stocks should continue to track Flexible Solutions International Inc. and US Gold Corp. These stocks will be looking to continue their solid performance.
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Is Flexible Solutions International (FSI) Stock Outpacing Its Basic Materials Peers This Year?
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Has Flexible Solutions International Inc. (FSI - 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.
Flexible Solutions International Inc. is a member of the Basic Materials sector. This group includes 236 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Flexible Solutions International Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for FSI's full-year earnings has moved 29.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, FSI has gained about 174.5% so far this year. At the same time, Basic Materials stocks have gained an average of 21.6%. This means that Flexible Solutions International Inc. is performing better than its sector in terms of year-to-date returns.
One other Basic Materials stock that has outperformed the sector so far this year is US Gold Corp (USAU - Free Report) . The stock is up 146.7% year-to-date.
The consensus estimate for US Gold Corp's current year EPS has increased 21.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Flexible Solutions International Inc. belongs to the Chemical - Specialty industry, a group that includes 37 individual companies and currently sits at #168 in the Zacks Industry Rank. On average, stocks in this group have gained 4% this year, meaning that FSI is performing better in terms of year-to-date returns.
On the other hand, US Gold Corp belongs to the Mining - Gold industry. This 39-stock industry is currently ranked #98. The industry has moved +112.4% year to date.
Investors with an interest in Basic Materials stocks should continue to track Flexible Solutions International Inc. and US Gold Corp. These stocks will be looking to continue their solid performance.