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Are Industrial Products Stocks Lagging Crown Holdings (CCK) This Year?
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For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Crown Holdings (CCK - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Crown Holdings is one of 187 individual stocks in the Industrial Products sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Crown Holdings is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CCK's full-year earnings has moved 4.2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CCK has returned about 16.3% since the start of the calendar year. At the same time, Industrial Products stocks have gained an average of 13%. As we can see, Crown Holdings is performing better than its sector in the calendar year.
Another stock in the Industrial Products sector, Fastenal (FAST - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 19.1%.
For Fastenal, the consensus EPS estimate for the current year has increased 1.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Crown Holdings is a member of the Containers - Metal and Glass industry, which includes 4 individual companies and currently sits at #33 in the Zacks Industry Rank. This group has gained an average of 17.7% so far this year, so CCK is slightly underperforming its industry in this area.
On the other hand, Fastenal belongs to the Industrial Services industry. This 17-stock industry is currently ranked #178. The industry has moved +10.5% year to date.
Crown Holdings and Fastenal could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
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Are Industrial Products Stocks Lagging Crown Holdings (CCK) This Year?
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Crown Holdings (CCK - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Crown Holdings is one of 187 individual stocks in the Industrial Products sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Crown Holdings is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CCK's full-year earnings has moved 4.2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CCK has returned about 16.3% since the start of the calendar year. At the same time, Industrial Products stocks have gained an average of 13%. As we can see, Crown Holdings is performing better than its sector in the calendar year.
Another stock in the Industrial Products sector, Fastenal (FAST - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 19.1%.
For Fastenal, the consensus EPS estimate for the current year has increased 1.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Crown Holdings is a member of the Containers - Metal and Glass industry, which includes 4 individual companies and currently sits at #33 in the Zacks Industry Rank. This group has gained an average of 17.7% so far this year, so CCK is slightly underperforming its industry in this area.
On the other hand, Fastenal belongs to the Industrial Services industry. This 17-stock industry is currently ranked #178. The industry has moved +10.5% year to date.
Crown Holdings and Fastenal could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.