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Is Fanuc (FANUY) Stock Outpacing Its Industrial Products Peers 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. Has Fanuc Corp. (FANUY - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Fanuc Corp. is one of 187 companies in the Industrial Products group. The Industrial Products group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Fanuc Corp. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for FANUY's full-year earnings has moved 4.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, FANUY has moved about 41.3% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 6% on a year-to-date basis. This means that Fanuc Corp. is performing better than its sector in terms of year-to-date returns.
Kaiser Aluminum (KALU - Free Report) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 62.4%.
For Kaiser Aluminum, the consensus EPS estimate for the current year has increased 26.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Fanuc Corp. is a member of the Industrial Automation and Robotics industry, which includes 1 individual companies and currently sits at #7 in the Zacks Industry Rank. On average, this group has lost an average of 93.9% so far this year, meaning that FANUY is performing better in terms of year-to-date returns.
In contrast, Kaiser Aluminum falls under the Metal Products - Procurement and Fabrication industry. Currently, this industry has 7 stocks and is ranked #63. Since the beginning of the year, the industry has moved +29.9%.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Fanuc Corp. and Kaiser Aluminum as they could maintain their solid performance.
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Is Fanuc (FANUY) Stock Outpacing Its Industrial Products Peers This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Fanuc Corp. (FANUY - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Fanuc Corp. is one of 187 companies in the Industrial Products group. The Industrial Products group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Fanuc Corp. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for FANUY's full-year earnings has moved 4.6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, FANUY has moved about 41.3% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 6% on a year-to-date basis. This means that Fanuc Corp. is performing better than its sector in terms of year-to-date returns.
Kaiser Aluminum (KALU - Free Report) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 62.4%.
For Kaiser Aluminum, the consensus EPS estimate for the current year has increased 26.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Fanuc Corp. is a member of the Industrial Automation and Robotics industry, which includes 1 individual companies and currently sits at #7 in the Zacks Industry Rank. On average, this group has lost an average of 93.9% so far this year, meaning that FANUY is performing better in terms of year-to-date returns.
In contrast, Kaiser Aluminum falls under the Metal Products - Procurement and Fabrication industry. Currently, this industry has 7 stocks and is ranked #63. Since the beginning of the year, the industry has moved +29.9%.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Fanuc Corp. and Kaiser Aluminum as they could maintain their solid performance.