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 Gates Industrial (GTES) Stock Outpacing Its Industrial Products Peers 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. Is Gates Industrial (GTES - Free Report) one of those stocks right now? 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.
Gates Industrial is a member of our Industrial Products group, which includes 181 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Gates Industrial is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GTES' full-year earnings has moved 1.1% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, GTES has moved about 21.2% on a year-to-date basis. At the same time, Industrial Products stocks have gained an average of 16.9%. This means that Gates Industrial is performing better than its sector in terms of year-to-date returns.
Vestis (VSTS - 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 97.2%.
Over the past three months, Vestis' consensus EPS estimate for the current year has increased 20.9%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Gates Industrial belongs to the Manufacturing - General Industrial industry, a group that includes 41 individual companies and currently sits at #75 in the Zacks Industry Rank. On average, this group has gained an average of 3.9% so far this year, meaning that GTES is performing better in terms of year-to-date returns.
Vestis, however, belongs to the Uniform and Related industry. Currently, this 2-stock industry is ranked #32. The industry has moved +49.3% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on Gates Industrial and Vestis as they attempt 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 Gates Industrial (GTES) Stock Outpacing Its Industrial Products Peers This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Gates Industrial (GTES - Free Report) one of those stocks right now? 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.
Gates Industrial is a member of our Industrial Products group, which includes 181 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Gates Industrial is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GTES' full-year earnings has moved 1.1% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, GTES has moved about 21.2% on a year-to-date basis. At the same time, Industrial Products stocks have gained an average of 16.9%. This means that Gates Industrial is performing better than its sector in terms of year-to-date returns.
Vestis (VSTS - 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 97.2%.
Over the past three months, Vestis' consensus EPS estimate for the current year has increased 20.9%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Gates Industrial belongs to the Manufacturing - General Industrial industry, a group that includes 41 individual companies and currently sits at #75 in the Zacks Industry Rank. On average, this group has gained an average of 3.9% so far this year, meaning that GTES is performing better in terms of year-to-date returns.
Vestis, however, belongs to the Uniform and Related industry. Currently, this 2-stock industry is ranked #32. The industry has moved +49.3% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on Gates Industrial and Vestis as they attempt to continue their solid performance.