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.
Are Industrial Products Stocks Lagging Astec Industries (ASTE) 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. Has Astec Industries (ASTE - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Astec Industries is a member of the Industrial Products sector. This group includes 179 individual stocks and currently holds a Zacks Sector Rank of #8. 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. Astec Industries is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ASTE's full-year earnings has moved 14.5% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ASTE has moved about 18.9% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 6.8% on a year-to-date basis. This means that Astec Industries is performing better than its sector in terms of year-to-date returns.
Kubota Corp. (KUBTY - Free Report) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 16.6%.
The consensus estimate for Kubota Corp.'s current year EPS has increased 26.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Astec Industries is a member of the Manufacturing - Construction and Mining industry, which includes 6 individual companies and currently sits at #179 in the Zacks Industry Rank. This group has gained an average of 19.9% so far this year, so ASTE is slightly underperforming its industry in this area.
Kubota Corp., however, belongs to the Manufacturing - Farm Equipment industry. Currently, this 6-stock industry is ranked #91. The industry has moved +19.6% so far this year.
Astec Industries and Kubota Corp. could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
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
Are Industrial Products Stocks Lagging Astec Industries (ASTE) This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Astec Industries (ASTE - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Astec Industries is a member of the Industrial Products sector. This group includes 179 individual stocks and currently holds a Zacks Sector Rank of #8. 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. Astec Industries is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ASTE's full-year earnings has moved 14.5% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, ASTE has moved about 18.9% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 6.8% on a year-to-date basis. This means that Astec Industries is performing better than its sector in terms of year-to-date returns.
Kubota Corp. (KUBTY - Free Report) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 16.6%.
The consensus estimate for Kubota Corp.'s current year EPS has increased 26.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Astec Industries is a member of the Manufacturing - Construction and Mining industry, which includes 6 individual companies and currently sits at #179 in the Zacks Industry Rank. This group has gained an average of 19.9% so far this year, so ASTE is slightly underperforming its industry in this area.
Kubota Corp., however, belongs to the Manufacturing - Farm Equipment industry. Currently, this 6-stock industry is ranked #91. The industry has moved +19.6% so far this year.
Astec Industries and Kubota Corp. could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.