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.
Is Ferguson plc (FERG) Outperforming Other Industrial Products Stocks 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. Ferguson plc (FERG - 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? 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.
Ferguson plc is one of 180 companies in the Industrial Products group. The Industrial Products group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Ferguson plc is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for FERG's full-year earnings has moved 1.9% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that FERG has returned about 15.7% since the start of the calendar year. Meanwhile, stocks in the Industrial Products group have gained about 12.6% on average. This means that Ferguson plc is outperforming the sector as a whole this year.
Another stock in the Industrial Products sector, Flowserve (FLS - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 15%.
Over the past three months, Flowserve's consensus EPS estimate for the current year has increased 1.2%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Ferguson plc belongs to the Manufacturing - General Industrial industry, a group that includes 43 individual stocks and currently sits at #73 in the Zacks Industry Rank. Stocks in this group have gained about 10.4% so far this year, so FERG is performing better this group in terms of year-to-date returns. Flowserve is also part of the same industry.
Ferguson plc and Flowserve could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Ferguson plc (FERG) Outperforming Other Industrial Products Stocks This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Ferguson plc (FERG - 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? 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.
Ferguson plc is one of 180 companies in the Industrial Products group. The Industrial Products group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Ferguson plc is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for FERG's full-year earnings has moved 1.9% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that FERG has returned about 15.7% since the start of the calendar year. Meanwhile, stocks in the Industrial Products group have gained about 12.6% on average. This means that Ferguson plc is outperforming the sector as a whole this year.
Another stock in the Industrial Products sector, Flowserve (FLS - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 15%.
Over the past three months, Flowserve's consensus EPS estimate for the current year has increased 1.2%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Ferguson plc belongs to the Manufacturing - General Industrial industry, a group that includes 43 individual stocks and currently sits at #73 in the Zacks Industry Rank. Stocks in this group have gained about 10.4% so far this year, so FERG is performing better this group in terms of year-to-date returns. Flowserve is also part of the same industry.
Ferguson plc and Flowserve could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.