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Are Industrial Products Stocks Lagging Andritz (ADRZY) 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. Andritz (ADRZY - 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.
Andritz is one of 187 companies in the Industrial Products group. The Industrial Products group currently sits at #9 within 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. Andritz is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ADRZY's full-year earnings has moved 1.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ADRZY has returned 44.9% so far this year. Meanwhile, the Industrial Products sector has returned an average of 7.7% on a year-to-date basis. As we can see, Andritz is performing better than its sector in the calendar year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Century Aluminum (CENX - Free Report) . The stock has returned 57.6% year-to-date.
In Century Aluminum's case, the consensus EPS estimate for the current year increased 29.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Andritz belongs to the Industrial Services industry, which includes 18 individual stocks and currently sits at #173 in the Zacks Industry Rank. On average, stocks in this group have lost 1% this year, meaning that ADRZY is performing better in terms of year-to-date returns.
On the other hand, Century Aluminum belongs to the Metal Products - Procurement and Fabrication industry. This 7-stock industry is currently ranked #18. The industry has moved +19.4% year to date.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Andritz and Century Aluminum as they could maintain their solid performance.
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Are Industrial Products Stocks Lagging Andritz (ADRZY) This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Andritz (ADRZY - 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.
Andritz is one of 187 companies in the Industrial Products group. The Industrial Products group currently sits at #9 within 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. Andritz is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ADRZY's full-year earnings has moved 1.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ADRZY has returned 44.9% so far this year. Meanwhile, the Industrial Products sector has returned an average of 7.7% on a year-to-date basis. As we can see, Andritz is performing better than its sector in the calendar year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Century Aluminum (CENX - Free Report) . The stock has returned 57.6% year-to-date.
In Century Aluminum's case, the consensus EPS estimate for the current year increased 29.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Andritz belongs to the Industrial Services industry, which includes 18 individual stocks and currently sits at #173 in the Zacks Industry Rank. On average, stocks in this group have lost 1% this year, meaning that ADRZY is performing better in terms of year-to-date returns.
On the other hand, Century Aluminum belongs to the Metal Products - Procurement and Fabrication industry. This 7-stock industry is currently ranked #18. The industry has moved +19.4% year to date.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Andritz and Century Aluminum as they could maintain their solid performance.