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Are Basic Materials Stocks Lagging Perimeter Solutions, SA (PRM) This Year?

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For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Perimeter Solutions, SA (PRM - 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.

Perimeter Solutions, SA is a member of the Basic Materials sector. This group includes 240 individual stocks and currently holds a Zacks Sector Rank of #7. 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. Perimeter Solutions, SA is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for PRM's full-year earnings has moved 7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, PRM has moved about 101.3% on a year-to-date basis. In comparison, Basic Materials companies have returned an average of 21.6%. This shows that Perimeter Solutions, SA is outperforming its peers so far this year.

Another Basic Materials stock, which has outperformed the sector so far this year, is Fortuna Mining (FSM - Free Report) . The stock has returned 95.8% year-to-date.

Over the past three months, Fortuna Mining's consensus EPS estimate for the current year has increased 20.3%. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, Perimeter Solutions, SA is a member of the Chemical - Specialty industry, which includes 37 individual companies and currently sits at #182 in the Zacks Industry Rank. On average, stocks in this group have lost 1.5% this year, meaning that PRM is performing better in terms of year-to-date returns.

Fortuna Mining, however, belongs to the Mining - Miscellaneous industry. Currently, this 69-stock industry is ranked #66. The industry has moved +25% so far this year.

Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Perimeter Solutions, SA and Fortuna Mining as they could maintain their solid performance.


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