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Is CLP (CLPHY) Stock Outpacing Its Utilities Peers This Year?
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For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. CLP Holdings Ltd. (CLPHY - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.
CLP Holdings Ltd. is a member of the Utilities sector. This group includes 111 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. CLP Holdings Ltd. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CLPHY's full-year earnings has moved 1.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CLPHY has gained about 11.7% so far this year. At the same time, Utilities stocks have gained an average of 3.4%. This shows that CLP Holdings Ltd. is outperforming its peers so far this year.
Another stock in the Utilities sector, CenterPoint Energy (CNP - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 6%.
For CenterPoint Energy, the consensus EPS estimate for the current year has increased 0% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, CLP Holdings Ltd. belongs to the Utility - Electric Power industry, a group that includes 63 individual companies and currently sits at #147 in the Zacks Industry Rank. On average, this group has gained an average of 4.5% so far this year, meaning that CLPHY is performing better in terms of year-to-date returns. CenterPoint Energy is also part of the same industry.
Investors interested in the Utilities sector may want to keep a close eye on CLP Holdings Ltd. and CenterPoint Energy as they attempt to continue their solid performance.
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Is CLP (CLPHY) Stock Outpacing Its Utilities Peers This Year?
For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. CLP Holdings Ltd. (CLPHY - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.
CLP Holdings Ltd. is a member of the Utilities sector. This group includes 111 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. CLP Holdings Ltd. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CLPHY's full-year earnings has moved 1.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, CLPHY has gained about 11.7% so far this year. At the same time, Utilities stocks have gained an average of 3.4%. This shows that CLP Holdings Ltd. is outperforming its peers so far this year.
Another stock in the Utilities sector, CenterPoint Energy (CNP - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 6%.
For CenterPoint Energy, the consensus EPS estimate for the current year has increased 0% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, CLP Holdings Ltd. belongs to the Utility - Electric Power industry, a group that includes 63 individual companies and currently sits at #147 in the Zacks Industry Rank. On average, this group has gained an average of 4.5% so far this year, meaning that CLPHY is performing better in terms of year-to-date returns. CenterPoint Energy is also part of the same industry.
Investors interested in the Utilities sector may want to keep a close eye on CLP Holdings Ltd. and CenterPoint Energy as they attempt to continue their solid performance.