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Are Industrial Products Stocks Lagging Lincoln Electric (LECO) This Year?
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The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Lincoln Electric Holdings (LECO - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Lincoln Electric Holdings is one of 186 individual stocks in the Industrial Products sector. Collectively, these companies sit at #5 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Lincoln Electric Holdings is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for LECO's full-year earnings has moved 2.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, LECO has gained about 17.7% so far this year. At the same time, Industrial Products stocks have gained an average of 17.4%. This means that Lincoln Electric Holdings is outperforming the sector as a whole this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is UniFirst (UNF - Free Report) . The stock has returned 48.5% year-to-date.
The consensus estimate for UniFirst's current year EPS has increased 3.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Lincoln Electric Holdings belongs to the Manufacturing - Tools & Related Products industry, a group that includes 8 individual companies and currently sits at #84 in the Zacks Industry Rank. On average, this group has gained an average of 12.5% so far this year, meaning that LECO is performing better in terms of year-to-date returns.
UniFirst, however, belongs to the Uniform and Related industry. Currently, this 2-stock industry is ranked #11. The industry has moved +57.9% so far this year.
Lincoln Electric Holdings and UniFirst 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 Lincoln Electric (LECO) This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Lincoln Electric Holdings (LECO - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Lincoln Electric Holdings is one of 186 individual stocks in the Industrial Products sector. Collectively, these companies sit at #5 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Lincoln Electric Holdings is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for LECO's full-year earnings has moved 2.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, LECO has gained about 17.7% so far this year. At the same time, Industrial Products stocks have gained an average of 17.4%. This means that Lincoln Electric Holdings is outperforming the sector as a whole this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is UniFirst (UNF - Free Report) . The stock has returned 48.5% year-to-date.
The consensus estimate for UniFirst's current year EPS has increased 3.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Lincoln Electric Holdings belongs to the Manufacturing - Tools & Related Products industry, a group that includes 8 individual companies and currently sits at #84 in the Zacks Industry Rank. On average, this group has gained an average of 12.5% so far this year, meaning that LECO is performing better in terms of year-to-date returns.
UniFirst, however, belongs to the Uniform and Related industry. Currently, this 2-stock industry is ranked #11. The industry has moved +57.9% so far this year.
Lincoln Electric Holdings and UniFirst could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.