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Is Park-Ohio (PKOH) Outperforming Other Industrial Products Stocks 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 Park-Ohio (PKOH - 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.
Park-Ohio is one of 186 companies in the Industrial Products group. The Industrial Products group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Park-Ohio is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for PKOH's full-year earnings has moved 1.8% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, PKOH has gained about 135.8% so far this year. At the same time, Industrial Products stocks have gained an average of 21.2%. This means that Park-Ohio is outperforming the sector as a whole this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Proto Labs (PRLB - Free Report) . The stock has returned 79.5% year-to-date.
Over the past three months, Proto Labs' consensus EPS estimate for the current year has increased 6.6%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Park-Ohio belongs to the Metal Products - Fasteners industry, which includes 1 individual stocks and currently sits at #9 in the Zacks Industry Rank. Stocks in this group have gained about 135.8% so far this year, so PKOH is performing on par this group in terms of year-to-date returns.
In contrast, Proto Labs falls under the Rubber - Plastics industry. Currently, this industry has 2 stocks and is ranked #105. Since the beginning of the year, the industry has moved +78.2%.
Park-Ohio and Proto Labs 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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Is Park-Ohio (PKOH) Outperforming 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. Has Park-Ohio (PKOH - 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.
Park-Ohio is one of 186 companies in the Industrial Products group. The Industrial Products group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Park-Ohio is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for PKOH's full-year earnings has moved 1.8% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, PKOH has gained about 135.8% so far this year. At the same time, Industrial Products stocks have gained an average of 21.2%. This means that Park-Ohio is outperforming the sector as a whole this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Proto Labs (PRLB - Free Report) . The stock has returned 79.5% year-to-date.
Over the past three months, Proto Labs' consensus EPS estimate for the current year has increased 6.6%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Park-Ohio belongs to the Metal Products - Fasteners industry, which includes 1 individual stocks and currently sits at #9 in the Zacks Industry Rank. Stocks in this group have gained about 135.8% so far this year, so PKOH is performing on par this group in terms of year-to-date returns.
In contrast, Proto Labs falls under the Rubber - Plastics industry. Currently, this industry has 2 stocks and is ranked #105. Since the beginning of the year, the industry has moved +78.2%.
Park-Ohio and Proto Labs could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.