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Is ENGIE - Sponsored ADR (ENGIY) Outperforming Other Utilities Stocks This Year?
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For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. ENGIE - Sponsored ADR (ENGIY - 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.
ENGIE - Sponsored ADR is one of 109 companies in the Utilities group. The Utilities group currently sits at #5 within the Zacks Sector Rank. 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. ENGIE - Sponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ENGIY's full-year earnings has moved 5.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ENGIY has returned about 58.7% since the start of the calendar year. At the same time, Utilities stocks have gained an average of 28%. This means that ENGIE - Sponsored ADR is performing better than its sector in terms of year-to-date returns.
Sabesp (SBS - 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 86%.
In Sabesp's case, the consensus EPS estimate for the current year increased 30.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, ENGIE - Sponsored ADR is a member of the Utility - Electric Power industry, which includes 59 individual companies and currently sits at #61 in the Zacks Industry Rank. On average, stocks in this group have gained 36.1% this year, meaning that ENGIY is performing better in terms of year-to-date returns.
Sabesp, however, belongs to the Utility - Water Supply industry. Currently, this 11-stock industry is ranked #87. The industry has moved +19.3% so far this year.
Investors with an interest in Utilities stocks should continue to track ENGIE - Sponsored ADR and Sabesp. These stocks will be looking to continue their solid performance.
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Is ENGIE - Sponsored ADR (ENGIY) Outperforming Other Utilities Stocks This Year?
For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. ENGIE - Sponsored ADR (ENGIY - 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.
ENGIE - Sponsored ADR is one of 109 companies in the Utilities group. The Utilities group currently sits at #5 within the Zacks Sector Rank. 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. ENGIE - Sponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ENGIY's full-year earnings has moved 5.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ENGIY has returned about 58.7% since the start of the calendar year. At the same time, Utilities stocks have gained an average of 28%. This means that ENGIE - Sponsored ADR is performing better than its sector in terms of year-to-date returns.
Sabesp (SBS - 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 86%.
In Sabesp's case, the consensus EPS estimate for the current year increased 30.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, ENGIE - Sponsored ADR is a member of the Utility - Electric Power industry, which includes 59 individual companies and currently sits at #61 in the Zacks Industry Rank. On average, stocks in this group have gained 36.1% this year, meaning that ENGIY is performing better in terms of year-to-date returns.
Sabesp, however, belongs to the Utility - Water Supply industry. Currently, this 11-stock industry is ranked #87. The industry has moved +19.3% so far this year.
Investors with an interest in Utilities stocks should continue to track ENGIE - Sponsored ADR and Sabesp. These stocks will be looking to continue their solid performance.