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Is Keyence (KYCCF) Outperforming Other Industrial Products Stocks 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. Is Keyence Corporation (KYCCF - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Keyence Corporation is a member of our Industrial Products group, which includes 187 different companies and currently sits 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Keyence Corporation is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for KYCCF's full-year earnings has moved 14.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, KYCCF has gained about 40.6% so far this year. Meanwhile, the Industrial Products sector has returned an average of 14.1% on a year-to-date basis. This means that Keyence Corporation is performing better than its sector in terms of year-to-date returns.
EnerSys (ENS - 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 23.4%.
For EnerSys, the consensus EPS estimate for the current year has increased 11.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Keyence Corporation belongs to the Manufacturing - General Industrial industry, a group that includes 42 individual stocks and currently sits at #62 in the Zacks Industry Rank.
In contrast, EnerSys falls under the Manufacturing - Electronics industry. Currently, this industry has 14 stocks and is ranked #78.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Keyence Corporation and EnerSys as they could maintain their solid performance.
View the Zacks #1 Rank List
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Is Keyence (KYCCF) Outperforming Other Industrial Products Stocks This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Keyence Corporation (KYCCF - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Keyence Corporation is a member of our Industrial Products group, which includes 187 different companies and currently sits 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Keyence Corporation is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for KYCCF's full-year earnings has moved 14.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, KYCCF has gained about 40.6% so far this year. Meanwhile, the Industrial Products sector has returned an average of 14.1% on a year-to-date basis. This means that Keyence Corporation is performing better than its sector in terms of year-to-date returns.
EnerSys (ENS - 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 23.4%.
For EnerSys, the consensus EPS estimate for the current year has increased 11.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Keyence Corporation belongs to the Manufacturing - General Industrial industry, a group that includes 42 individual stocks and currently sits at #62 in the Zacks Industry Rank.
In contrast, EnerSys falls under the Manufacturing - Electronics industry. Currently, this industry has 14 stocks and is ranked #78.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Keyence Corporation and EnerSys as they could maintain their solid performance.