We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Are Industrial Products Stocks Lagging Flowserve (FLS) This Year?
Read MoreHide Full Article
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Flowserve (FLS - Free Report) one of those stocks right now? 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.
Flowserve is one of 187 companies in the Industrial Products group. The Industrial Products group currently sits at #14 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. Flowserve is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for FLS' full-year earnings has moved 2.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, FLS has gained about 26% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 5.7% on average. As we can see, Flowserve is performing better than its sector in the calendar year.
One other Industrial Products stock that has outperformed the sector so far this year is Wartsila (WRTBY - Free Report) . The stock is up 104.7% year-to-date.
In Wartsila's case, the consensus EPS estimate for the current year increased 4.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Flowserve belongs to the Manufacturing - General Industrial industry, which includes 41 individual stocks and currently sits at #173 in the Zacks Industry Rank. On average, this group has gained an average of 7.3% so far this year, meaning that FLS is performing better in terms of year-to-date returns.
Wartsila, however, belongs to the Manufacturing - Electronics industry. Currently, this 15-stock industry is ranked #71. The industry has moved +5.5% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on Flowserve and Wartsila as they attempt to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Industrial Products Stocks Lagging Flowserve (FLS) This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Flowserve (FLS - Free Report) one of those stocks right now? 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.
Flowserve is one of 187 companies in the Industrial Products group. The Industrial Products group currently sits at #14 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. Flowserve is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for FLS' full-year earnings has moved 2.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, FLS has gained about 26% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 5.7% on average. As we can see, Flowserve is performing better than its sector in the calendar year.
One other Industrial Products stock that has outperformed the sector so far this year is Wartsila (WRTBY - Free Report) . The stock is up 104.7% year-to-date.
In Wartsila's case, the consensus EPS estimate for the current year increased 4.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Flowserve belongs to the Manufacturing - General Industrial industry, which includes 41 individual stocks and currently sits at #173 in the Zacks Industry Rank. On average, this group has gained an average of 7.3% so far this year, meaning that FLS is performing better in terms of year-to-date returns.
Wartsila, however, belongs to the Manufacturing - Electronics industry. Currently, this 15-stock industry is ranked #71. The industry has moved +5.5% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on Flowserve and Wartsila as they attempt to continue their solid performance.