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Is Kawasaki Heavy Industries (KWHIY) Outperforming Other Industrial Products Stocks This Year?
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For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Kawasaki Heavy Industries Ltd. (KWHIY - 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.
Kawasaki Heavy Industries Ltd. is a member of the Industrial Products sector. This group includes 179 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Kawasaki Heavy Industries Ltd. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for KWHIY's full-year earnings has moved 8.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, KWHIY has gained about 74.4% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 18.8% on average. This means that Kawasaki Heavy Industries Ltd. is performing better than its sector in terms of year-to-date returns.
One other Industrial Products stock that has outperformed the sector so far this year is Mueller Water Products (MWA - Free Report) . The stock is up 25.6% year-to-date.
In Mueller Water Products' case, the consensus EPS estimate for the current year increased 3.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Kawasaki Heavy Industries Ltd. belongs to the Manufacturing - General Industrial industry, which includes 43 individual stocks and currently sits at #64 in the Zacks Industry Rank. On average, this group has gained an average of 16% so far this year, meaning that KWHIY is performing better in terms of year-to-date returns. Mueller Water Products is also part of the same industry.
Kawasaki Heavy Industries Ltd. and Mueller Water Products could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
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Is Kawasaki Heavy Industries (KWHIY) Outperforming Other Industrial Products Stocks This Year?
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Kawasaki Heavy Industries Ltd. (KWHIY - 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.
Kawasaki Heavy Industries Ltd. is a member of the Industrial Products sector. This group includes 179 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Kawasaki Heavy Industries Ltd. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for KWHIY's full-year earnings has moved 8.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, KWHIY has gained about 74.4% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 18.8% on average. This means that Kawasaki Heavy Industries Ltd. is performing better than its sector in terms of year-to-date returns.
One other Industrial Products stock that has outperformed the sector so far this year is Mueller Water Products (MWA - Free Report) . The stock is up 25.6% year-to-date.
In Mueller Water Products' case, the consensus EPS estimate for the current year increased 3.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Kawasaki Heavy Industries Ltd. belongs to the Manufacturing - General Industrial industry, which includes 43 individual stocks and currently sits at #64 in the Zacks Industry Rank. On average, this group has gained an average of 16% so far this year, meaning that KWHIY is performing better in terms of year-to-date returns. Mueller Water Products is also part of the same industry.
Kawasaki Heavy Industries Ltd. and Mueller Water Products could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.