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 Century Aluminum (CENX) Stock Outpacing Its Industrial Products Peers This Year?
Read MoreHide Full Article
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is Century Aluminum (CENX - Free Report) one of those stocks right now? 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.
Century Aluminum is a member of our Industrial Products group, which includes 179 different companies and currently sits at #7 in 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 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. Century Aluminum is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CENX's full-year earnings has moved 42.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, CENX has gained about 34.4% so far this year. At the same time, Industrial Products stocks have gained an average of 19.8%. This means that Century Aluminum is outperforming the sector as a whole this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Constellium (CSTM - Free Report) . The stock has returned 35% year-to-date.
The consensus estimate for Constellium's current year EPS has increased 20.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Century Aluminum belongs to the Metal Products - Procurement and Fabrication industry, which includes 6 individual stocks and currently sits at #27 in the Zacks Industry Rank. On average, stocks in this group have gained 10.9% this year, meaning that CENX is performing better in terms of year-to-date returns.
In contrast, Constellium falls under the Metal Products - Distribution industry. Currently, this industry has 3 stocks and is ranked #15. Since the beginning of the year, the industry has moved +16.9%.
Investors with an interest in Industrial Products stocks should continue to track Century Aluminum and Constellium. These stocks will be looking to continue their solid performance.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Is Century Aluminum (CENX) Stock Outpacing Its Industrial Products Peers This Year?
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is Century Aluminum (CENX - Free Report) one of those stocks right now? 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.
Century Aluminum is a member of our Industrial Products group, which includes 179 different companies and currently sits at #7 in 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 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. Century Aluminum is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CENX's full-year earnings has moved 42.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, CENX has gained about 34.4% so far this year. At the same time, Industrial Products stocks have gained an average of 19.8%. This means that Century Aluminum is outperforming the sector as a whole this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Constellium (CSTM - Free Report) . The stock has returned 35% year-to-date.
The consensus estimate for Constellium's current year EPS has increased 20.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Century Aluminum belongs to the Metal Products - Procurement and Fabrication industry, which includes 6 individual stocks and currently sits at #27 in the Zacks Industry Rank. On average, stocks in this group have gained 10.9% this year, meaning that CENX is performing better in terms of year-to-date returns.
In contrast, Constellium falls under the Metal Products - Distribution industry. Currently, this industry has 3 stocks and is ranked #15. Since the beginning of the year, the industry has moved +16.9%.
Investors with an interest in Industrial Products stocks should continue to track Century Aluminum and Constellium. These stocks will be looking to continue their solid performance.