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Is ABB (ABBNY) Stock Outpacing Its Industrial Products Peers This Year?
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Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. ABB (ABBNY - 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? Let's take a closer look at the stock's year-to-date performance to find out.
ABB is a member of the Industrial Products sector. This group includes 179 individual stocks and currently holds a Zacks Sector Rank of #7. 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 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. ABB is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ABBNY's full-year earnings has moved 0.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that ABBNY has returned about 18.3% since the start of the calendar year. Meanwhile, the Industrial Products sector has returned an average of 15.4% on a year-to-date basis. This shows that ABB is outperforming its peers so far this year.
One other Industrial Products stock that has outperformed the sector so far this year is Brambles Ltd. (BXBLY - Free Report) . The stock is up 17.1% year-to-date.
The consensus estimate for Brambles Ltd.'s current year EPS has increased 2.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, ABB belongs to the Manufacturing - Electronics industry, a group that includes 13 individual stocks and currently sits at #81 in the Zacks Industry Rank. On average, stocks in this group have gained 11.6% this year, meaning that ABBNY is performing better in terms of year-to-date returns.
On the other hand, Brambles Ltd. belongs to the Containers - Paper and Packaging industry. This 11-stock industry is currently ranked #191. The industry has moved +8% year to date.
Investors interested in the Industrial Products sector may want to keep a close eye on ABB and Brambles Ltd. as they attempt to continue their solid performance.
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Is ABB (ABBNY) 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. ABB (ABBNY - 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? Let's take a closer look at the stock's year-to-date performance to find out.
ABB is a member of the Industrial Products sector. This group includes 179 individual stocks and currently holds a Zacks Sector Rank of #7. 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 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. ABB is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ABBNY's full-year earnings has moved 0.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that ABBNY has returned about 18.3% since the start of the calendar year. Meanwhile, the Industrial Products sector has returned an average of 15.4% on a year-to-date basis. This shows that ABB is outperforming its peers so far this year.
One other Industrial Products stock that has outperformed the sector so far this year is Brambles Ltd. (BXBLY - Free Report) . The stock is up 17.1% year-to-date.
The consensus estimate for Brambles Ltd.'s current year EPS has increased 2.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, ABB belongs to the Manufacturing - Electronics industry, a group that includes 13 individual stocks and currently sits at #81 in the Zacks Industry Rank. On average, stocks in this group have gained 11.6% this year, meaning that ABBNY is performing better in terms of year-to-date returns.
On the other hand, Brambles Ltd. belongs to the Containers - Paper and Packaging industry. This 11-stock industry is currently ranked #191. The industry has moved +8% year to date.
Investors interested in the Industrial Products sector may want to keep a close eye on ABB and Brambles Ltd. as they attempt to continue their solid performance.