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.
Has Sandvik (SDVKY) Outpaced Other Industrial Products Stocks This Year?
Read MoreHide Full Article
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Sandvik AB (SDVKY - 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? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Sandvik AB 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. Sandvik AB is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SDVKY's full-year earnings has moved 8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, SDVKY has returned 25.9% so far this year. At the same time, Industrial Products stocks have gained an average of 25.4%. This means that Sandvik AB is performing better than its sector in terms of year-to-date returns.
One other Industrial Products stock that has outperformed the sector so far this year is Valmont Industries (VMI - Free Report) . The stock is up 45.1% year-to-date.
For Valmont Industries, the consensus EPS estimate for the current year has increased 4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Sandvik AB is a member of the Manufacturing - Tools & Related Products industry, which includes 8 individual companies and currently sits at #89 in the Zacks Industry Rank. This group has gained an average of 11.8% so far this year, so SDVKY is performing better in this area.
On the other hand, Valmont Industries belongs to the Steel - Pipe and Tube industry. This 2-stock industry is currently ranked #29. The industry has moved +49.3% year to date.
Sandvik AB and Valmont Industries could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
Image: Bigstock
Has Sandvik (SDVKY) Outpaced Other Industrial Products Stocks This Year?
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Sandvik AB (SDVKY - 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? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Sandvik AB 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. Sandvik AB is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SDVKY's full-year earnings has moved 8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, SDVKY has returned 25.9% so far this year. At the same time, Industrial Products stocks have gained an average of 25.4%. This means that Sandvik AB is performing better than its sector in terms of year-to-date returns.
One other Industrial Products stock that has outperformed the sector so far this year is Valmont Industries (VMI - Free Report) . The stock is up 45.1% year-to-date.
For Valmont Industries, the consensus EPS estimate for the current year has increased 4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Sandvik AB is a member of the Manufacturing - Tools & Related Products industry, which includes 8 individual companies and currently sits at #89 in the Zacks Industry Rank. This group has gained an average of 11.8% so far this year, so SDVKY is performing better in this area.
On the other hand, Valmont Industries belongs to the Steel - Pipe and Tube industry. This 2-stock industry is currently ranked #29. The industry has moved +49.3% year to date.
Sandvik AB and Valmont Industries could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.