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Is Entergy (ETR) Outperforming Other Utilities Stocks This Year?
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Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Entergy (ETR - 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 Utilities sector should help us answer this question.
Entergy is one of 109 individual stocks in the Utilities sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Entergy is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ETR's full-year earnings has moved 0.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ETR has returned 28.8% so far this year. At the same time, Utilities stocks have gained an average of 19.8%. This shows that Entergy is outperforming its peers so far this year.
Evergy Inc (EVRG - Free Report) is another Utilities stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 27.8%.
For Evergy Inc, the consensus EPS estimate for the current year has increased 0.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Entergy belongs to the Utility - Electric Power industry, a group that includes 59 individual stocks and currently sits at #48 in the Zacks Industry Rank. This group has gained an average of 21.2% so far this year, so ETR is performing better in this area. Evergy Inc is also part of the same industry.
Investors interested in the Utilities sector may want to keep a close eye on Entergy and Evergy Inc as they attempt to continue their solid performance.
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Is Entergy (ETR) Outperforming Other Utilities Stocks This Year?
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Entergy (ETR - 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 Utilities sector should help us answer this question.
Entergy is one of 109 individual stocks in the Utilities sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Entergy is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ETR's full-year earnings has moved 0.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ETR has returned 28.8% so far this year. At the same time, Utilities stocks have gained an average of 19.8%. This shows that Entergy is outperforming its peers so far this year.
Evergy Inc (EVRG - Free Report) is another Utilities stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 27.8%.
For Evergy Inc, the consensus EPS estimate for the current year has increased 0.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Entergy belongs to the Utility - Electric Power industry, a group that includes 59 individual stocks and currently sits at #48 in the Zacks Industry Rank. This group has gained an average of 21.2% so far this year, so ETR is performing better in this area. Evergy Inc is also part of the same industry.
Investors interested in the Utilities sector may want to keep a close eye on Entergy and Evergy Inc as they attempt to continue their solid performance.