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Are Utilities Stocks Lagging Enel (ENLAY) This Year?
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Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Is Enel SpA (ENLAY - 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 Utilities sector should help us answer this question.
Enel SpA is one of 110 companies in the Utilities group. The Utilities group currently sits at #9 within 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 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. Enel SpA is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ENLAY's full-year earnings has moved 1.2% 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, ENLAY has moved about 7.5% on a year-to-date basis. At the same time, Utilities stocks have gained an average of 4.4%. This shows that Enel SpA is outperforming its peers so far this year.
One other Utilities stock that has outperformed the sector so far this year is Telecom Argentina (TEO - Free Report) . The stock is up 20.8% year-to-date.
For Telecom Argentina, the consensus EPS estimate for the current year has increased 515.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Enel SpA belongs to the Utility - Electric Power industry, which includes 60 individual stocks and currently sits at #154 in the Zacks Industry Rank. On average, this group has gained an average of 4.7% so far this year, meaning that ENLAY is performing better in terms of year-to-date returns.
On the other hand, Telecom Argentina belongs to the Wireline Non-US industry. This 4-stock industry is currently ranked #18. The industry has moved +14.8% year to date.
Investors with an interest in Utilities stocks should continue to track Enel SpA and Telecom Argentina. These stocks will be looking to continue their solid performance.
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Are Utilities Stocks Lagging Enel (ENLAY) This Year?
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Is Enel SpA (ENLAY - 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 Utilities sector should help us answer this question.
Enel SpA is one of 110 companies in the Utilities group. The Utilities group currently sits at #9 within 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 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. Enel SpA is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ENLAY's full-year earnings has moved 1.2% 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, ENLAY has moved about 7.5% on a year-to-date basis. At the same time, Utilities stocks have gained an average of 4.4%. This shows that Enel SpA is outperforming its peers so far this year.
One other Utilities stock that has outperformed the sector so far this year is Telecom Argentina (TEO - Free Report) . The stock is up 20.8% year-to-date.
For Telecom Argentina, the consensus EPS estimate for the current year has increased 515.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Enel SpA belongs to the Utility - Electric Power industry, which includes 60 individual stocks and currently sits at #154 in the Zacks Industry Rank. On average, this group has gained an average of 4.7% so far this year, meaning that ENLAY is performing better in terms of year-to-date returns.
On the other hand, Telecom Argentina belongs to the Wireline Non-US industry. This 4-stock industry is currently ranked #18. The industry has moved +14.8% year to date.
Investors with an interest in Utilities stocks should continue to track Enel SpA and Telecom Argentina. These stocks will be looking to continue their solid performance.