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Is Flowserve (FLS) Outperforming Other Industrial Products Stocks 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 Flowserve (FLS - Free Report) one of those stocks right now? 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.
Flowserve 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 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 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. Flowserve is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for FLS' full-year earnings has moved 1.2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that FLS has returned about 18.2% since the start of the calendar year. At the same time, Industrial Products stocks have gained an average of 16.2%. This means that Flowserve is outperforming the sector as a whole this year.
W.W. Grainger (GWW - Free Report) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 30.9%.
The consensus estimate for W.W. Grainger's current year EPS has increased 1.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Flowserve belongs to the Manufacturing - General Industrial industry, a group that includes 41 individual companies and currently sits at #63 in the Zacks Industry Rank. On average, stocks in this group have gained 6.1% this year, meaning that FLS is performing better in terms of year-to-date returns.
W.W. Grainger, however, belongs to the Industrial Services industry. Currently, this 16-stock industry is ranked #103. The industry has moved +11.8% so far this year.
Flowserve and W.W. Grainger 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 Flowserve (FLS) Outperforming Other Industrial Products Stocks 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 Flowserve (FLS - Free Report) one of those stocks right now? 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.
Flowserve 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 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 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. Flowserve is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for FLS' full-year earnings has moved 1.2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that FLS has returned about 18.2% since the start of the calendar year. At the same time, Industrial Products stocks have gained an average of 16.2%. This means that Flowserve is outperforming the sector as a whole this year.
W.W. Grainger (GWW - Free Report) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 30.9%.
The consensus estimate for W.W. Grainger's current year EPS has increased 1.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Flowserve belongs to the Manufacturing - General Industrial industry, a group that includes 41 individual companies and currently sits at #63 in the Zacks Industry Rank. On average, stocks in this group have gained 6.1% this year, meaning that FLS is performing better in terms of year-to-date returns.
W.W. Grainger, however, belongs to the Industrial Services industry. Currently, this 16-stock industry is ranked #103. The industry has moved +11.8% so far this year.
Flowserve and W.W. Grainger could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.