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 MSC (MSM) Outperforming Other Industrial Products Stocks 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. MSC Industrial (MSM - 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.
MSC Industrial is one of 181 companies in the Industrial Products group. The Industrial Products group currently sits at #7 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. MSC Industrial is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MSM's full-year earnings has moved 1.7% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, MSM has returned 37% so far this year. In comparison, Industrial Products companies have returned an average of 19.2%. As we can see, MSC Industrial is performing better than its sector in the calendar year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Proto Labs (PRLB - Free Report) . The stock has returned 57.3% year-to-date.
Over the past three months, Proto Labs' consensus EPS estimate for the current year has increased 12.3%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, MSC Industrial is a member of the Industrial Services industry, which includes 16 individual companies and currently sits at #195 in the Zacks Industry Rank. Stocks in this group have gained about 8.1% so far this year, so MSM is performing better this group in terms of year-to-date returns.
On the other hand, Proto Labs belongs to the Rubber - Plastics industry. This 3-stock industry is currently ranked #110. The industry has moved +52.6% year to date.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to MSC Industrial and Proto Labs as they could maintain their solid performance.
View the Zacks #1 Rank List
Image: Bigstock
Is MSC (MSM) Outperforming Other Industrial Products Stocks This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. MSC Industrial (MSM - 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.
MSC Industrial is one of 181 companies in the Industrial Products group. The Industrial Products group currently sits at #7 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. MSC Industrial is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for MSM's full-year earnings has moved 1.7% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, MSM has returned 37% so far this year. In comparison, Industrial Products companies have returned an average of 19.2%. As we can see, MSC Industrial is performing better than its sector in the calendar year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Proto Labs (PRLB - Free Report) . The stock has returned 57.3% year-to-date.
Over the past three months, Proto Labs' consensus EPS estimate for the current year has increased 12.3%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, MSC Industrial is a member of the Industrial Services industry, which includes 16 individual companies and currently sits at #195 in the Zacks Industry Rank. Stocks in this group have gained about 8.1% so far this year, so MSM is performing better this group in terms of year-to-date returns.
On the other hand, Proto Labs belongs to the Rubber - Plastics industry. This 3-stock industry is currently ranked #110. The industry has moved +52.6% year to date.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to MSC Industrial and Proto Labs as they could maintain their solid performance.