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Is GormanRupp (GRC) Stock Outpacing Its Industrial Products Peers This Year?
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Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has Gorman-Rupp (GRC - 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.
Gorman-Rupp is a member of our Industrial Products group, which includes 188 different companies and currently sits at #10 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Gorman-Rupp is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for GRC's full-year earnings has moved 12.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that GRC has returned about 76% since the start of the calendar year. In comparison, Industrial Products companies have returned an average of 19.7%. This shows that Gorman-Rupp is outperforming its peers so far this year.
Another stock in the Industrial Products sector, UniFirst (UNF - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 41.8%.
Over the past three months, UniFirst's consensus EPS estimate for the current year has increased 3.9%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Gorman-Rupp belongs to the Manufacturing - General Industrial industry, a group that includes 42 individual stocks and currently sits at #68 in the Zacks Industry Rank. Stocks in this group have gained about 10.4% so far this year, so GRC is performing better this group in terms of year-to-date returns.
In contrast, UniFirst falls under the Uniform and Related industry. Currently, this industry has 2 stocks and is ranked #5. Since the beginning of the year, the industry has moved +56.5%.
Investors interested in the Industrial Products sector may want to keep a close eye on Gorman-Rupp and UniFirst as they attempt to continue their solid performance.
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Is GormanRupp (GRC) Stock Outpacing Its Industrial Products Peers This Year?
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has Gorman-Rupp (GRC - 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.
Gorman-Rupp is a member of our Industrial Products group, which includes 188 different companies and currently sits at #10 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Gorman-Rupp is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for GRC's full-year earnings has moved 12.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that GRC has returned about 76% since the start of the calendar year. In comparison, Industrial Products companies have returned an average of 19.7%. This shows that Gorman-Rupp is outperforming its peers so far this year.
Another stock in the Industrial Products sector, UniFirst (UNF - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 41.8%.
Over the past three months, UniFirst's consensus EPS estimate for the current year has increased 3.9%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Gorman-Rupp belongs to the Manufacturing - General Industrial industry, a group that includes 42 individual stocks and currently sits at #68 in the Zacks Industry Rank. Stocks in this group have gained about 10.4% so far this year, so GRC is performing better this group in terms of year-to-date returns.
In contrast, UniFirst falls under the Uniform and Related industry. Currently, this industry has 2 stocks and is ranked #5. Since the beginning of the year, the industry has moved +56.5%.
Investors interested in the Industrial Products sector may want to keep a close eye on Gorman-Rupp and UniFirst as they attempt to continue their solid performance.