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Are Industrial Products Stocks Lagging GormanRupp (GRC) 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 Gorman-Rupp (GRC - Free Report) been one of those stocks this year? 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.
Gorman-Rupp is a member of the Industrial Products sector. This group includes 186 individual stocks and currently holds a Zacks Sector Rank of #5. 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 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. Gorman-Rupp is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for GRC's full-year earnings has moved 2.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, GRC has moved about 56.3% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of 14.8%. This shows that Gorman-Rupp is outperforming its peers so far this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Caterpillar (CAT - Free Report) . The stock has returned 40.6% year-to-date.
The consensus estimate for Caterpillar's current year EPS has increased 11% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Gorman-Rupp is a member of the Manufacturing - General Industrial industry, which includes 41 individual companies and currently sits at #76 in the Zacks Industry Rank. Stocks in this group have gained about 2% so far this year, so GRC is performing better this group in terms of year-to-date returns.
Caterpillar, however, belongs to the Manufacturing - Construction and Mining industry. Currently, this 6-stock industry is ranked #104. The industry has moved +33.6% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on Gorman-Rupp and Caterpillar as they attempt to continue their solid performance.
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Are Industrial Products Stocks Lagging GormanRupp (GRC) 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 Gorman-Rupp (GRC - Free Report) been one of those stocks this year? 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.
Gorman-Rupp is a member of the Industrial Products sector. This group includes 186 individual stocks and currently holds a Zacks Sector Rank of #5. 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 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. Gorman-Rupp is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for GRC's full-year earnings has moved 2.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, GRC has moved about 56.3% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of 14.8%. This shows that Gorman-Rupp is outperforming its peers so far this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Caterpillar (CAT - Free Report) . The stock has returned 40.6% year-to-date.
The consensus estimate for Caterpillar's current year EPS has increased 11% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Gorman-Rupp is a member of the Manufacturing - General Industrial industry, which includes 41 individual companies and currently sits at #76 in the Zacks Industry Rank. Stocks in this group have gained about 2% so far this year, so GRC is performing better this group in terms of year-to-date returns.
Caterpillar, however, belongs to the Manufacturing - Construction and Mining industry. Currently, this 6-stock industry is ranked #104. The industry has moved +33.6% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on Gorman-Rupp and Caterpillar as they attempt to continue their solid performance.