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Are Industrial Products Stocks Lagging Halma (HLMAF) 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. Is Halma (HLMAF - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Halma is a member of our Industrial Products group, which includes 179 different companies and currently sits at #9 in 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Halma is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for HLMAF's full-year earnings has moved 2.7% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, HLMAF has gained about 10.4% so far this year. In comparison, Industrial Products companies have returned an average of 8.2%. This shows that Halma is outperforming its peers so far this year.
One other Industrial Products stock that has outperformed the sector so far this year is Kennametal (KMT - Free Report) . The stock is up 36.4% year-to-date.
Over the past three months, Kennametal's consensus EPS estimate for the current year has increased 56.8%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Halma belongs to the Security and Safety Services industry, a group that includes 17 individual companies and currently sits at #42 in the Zacks Industry Rank. This group has lost an average of 8.4% so far this year, so HLMAF is performing better in this area.
In contrast, Kennametal falls under the Manufacturing - Tools & Related Products industry. Currently, this industry has 8 stocks and is ranked #76. Since the beginning of the year, the industry has moved +1.2%.
Investors interested in the Industrial Products sector may want to keep a close eye on Halma and Kennametal as they attempt to continue their solid performance.
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Are Industrial Products Stocks Lagging Halma (HLMAF) This Year?
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is Halma (HLMAF - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Halma is a member of our Industrial Products group, which includes 179 different companies and currently sits at #9 in 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Halma is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for HLMAF's full-year earnings has moved 2.7% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, HLMAF has gained about 10.4% so far this year. In comparison, Industrial Products companies have returned an average of 8.2%. This shows that Halma is outperforming its peers so far this year.
One other Industrial Products stock that has outperformed the sector so far this year is Kennametal (KMT - Free Report) . The stock is up 36.4% year-to-date.
Over the past three months, Kennametal's consensus EPS estimate for the current year has increased 56.8%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Halma belongs to the Security and Safety Services industry, a group that includes 17 individual companies and currently sits at #42 in the Zacks Industry Rank. This group has lost an average of 8.4% so far this year, so HLMAF is performing better in this area.
In contrast, Kennametal falls under the Manufacturing - Tools & Related Products industry. Currently, this industry has 8 stocks and is ranked #76. Since the beginning of the year, the industry has moved +1.2%.
Investors interested in the Industrial Products sector may want to keep a close eye on Halma and Kennametal as they attempt to continue their solid performance.