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 Industrial Products Stocks Lagging W.W. Grainger (GWW) This Year?
Read MoreHide Full Article
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. W.W. Grainger (GWW - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
W.W. Grainger is a member of the Industrial Products sector. This group includes 189 individual stocks and currently holds a Zacks Sector Rank of #8. 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. W.W. Grainger is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GWW's full-year earnings has moved 1.7% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, GWW has gained about 23.5% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 13.3% on average. This means that W.W. Grainger is performing better than its sector in terms of year-to-date returns.
One other Industrial Products stock that has outperformed the sector so far this year is MSC Industrial (MSM - Free Report) . The stock is up 47.1% year-to-date.
For MSC Industrial, the consensus EPS estimate for the current year has increased 0.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, W.W. Grainger belongs to the Industrial Services industry, a group that includes 17 individual stocks and currently sits at #170 in the Zacks Industry Rank. On average, this group has gained an average of 7.1% so far this year, meaning that GWW is performing better in terms of year-to-date returns. MSC Industrial is also part of the same industry.
Investors with an interest in Industrial Products stocks should continue to track W.W. Grainger and MSC Industrial. These stocks will be looking to continue their solid performance.
View the Zacks #1 Rank List
Image: Bigstock
Are Industrial Products Stocks Lagging W.W. Grainger (GWW) This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. W.W. Grainger (GWW - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
W.W. Grainger is a member of the Industrial Products sector. This group includes 189 individual stocks and currently holds a Zacks Sector Rank of #8. 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. W.W. Grainger is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GWW's full-year earnings has moved 1.7% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, GWW has gained about 23.5% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 13.3% on average. This means that W.W. Grainger is performing better than its sector in terms of year-to-date returns.
One other Industrial Products stock that has outperformed the sector so far this year is MSC Industrial (MSM - Free Report) . The stock is up 47.1% year-to-date.
For MSC Industrial, the consensus EPS estimate for the current year has increased 0.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, W.W. Grainger belongs to the Industrial Services industry, a group that includes 17 individual stocks and currently sits at #170 in the Zacks Industry Rank. On average, this group has gained an average of 7.1% so far this year, meaning that GWW is performing better in terms of year-to-date returns. MSC Industrial is also part of the same industry.
Investors with an interest in Industrial Products stocks should continue to track W.W. Grainger and MSC Industrial. These stocks will be looking to continue their solid performance.