We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Are Conglomerates Stocks Lagging ITT (ITT) This Year?
Read MoreHide Full Article
Investors interested in Conglomerates stocks should always be looking to find the best-performing companies in the group. Has ITT (ITT - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Conglomerates sector should help us answer this question.
ITT is one of 27 companies in the Conglomerates group. The Conglomerates group currently sits at #1 within 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 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. ITT is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ITT's full-year earnings has moved 4.3% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that ITT has returned about 19.4% since the start of the calendar year. Meanwhile, stocks in the Conglomerates group have lost about 15.2% on average. This means that ITT is performing better than its sector in terms of year-to-date returns.
Another stock in the Conglomerates sector, Mitsubishi Corp. (MSBHF - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 33.3%.
Over the past three months, Mitsubishi Corp.'s consensus EPS estimate for the current year has increased 6.5%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, ITT belongs to the Diversified Operations industry, a group that includes 27 individual companies and currently sits at #49 in the Zacks Industry Rank. Stocks in this group have lost about 15.2% so far this year, so ITT is performing better this group in terms of year-to-date returns. Mitsubishi Corp. is also part of the same industry.
Investors interested in the Conglomerates sector may want to keep a close eye on ITT and Mitsubishi Corp. as they attempt to continue their solid performance.
View the Zacks #1 Rank List
Image: Bigstock
Are Conglomerates Stocks Lagging ITT (ITT) This Year?
Investors interested in Conglomerates stocks should always be looking to find the best-performing companies in the group. Has ITT (ITT - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Conglomerates sector should help us answer this question.
ITT is one of 27 companies in the Conglomerates group. The Conglomerates group currently sits at #1 within 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 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. ITT is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ITT's full-year earnings has moved 4.3% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that ITT has returned about 19.4% since the start of the calendar year. Meanwhile, stocks in the Conglomerates group have lost about 15.2% on average. This means that ITT is performing better than its sector in terms of year-to-date returns.
Another stock in the Conglomerates sector, Mitsubishi Corp. (MSBHF - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 33.3%.
Over the past three months, Mitsubishi Corp.'s consensus EPS estimate for the current year has increased 6.5%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, ITT belongs to the Diversified Operations industry, a group that includes 27 individual companies and currently sits at #49 in the Zacks Industry Rank. Stocks in this group have lost about 15.2% so far this year, so ITT is performing better this group in terms of year-to-date returns. Mitsubishi Corp. is also part of the same industry.
Investors interested in the Conglomerates sector may want to keep a close eye on ITT and Mitsubishi Corp. as they attempt to continue their solid performance.