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Is Enersys (ENS) Stock Outpacing Its Industrial Products Peers 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 EnerSys (ENS - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
EnerSys is one of 189 companies in the Industrial Products group. The Industrial Products group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. EnerSys is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ENS' full-year earnings has moved 10.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ENS has moved about 33.8% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 14.6% on a year-to-date basis. This shows that EnerSys is outperforming its peers so far this year.
Kennametal (KMT - 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 14.8%.
Over the past three months, Kennametal's consensus EPS estimate for the current year has increased 29.6%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, EnerSys belongs to the Manufacturing - Electronics industry, a group that includes 14 individual companies and currently sits at #72 in the Zacks Industry Rank. On average, stocks in this group have gained 28.4% this year, meaning that ENS is performing better in terms of year-to-date returns.
Kennametal, however, belongs to the Manufacturing - Tools & Related Products industry. Currently, this 8-stock industry is ranked #86. The industry has moved +5.4% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on EnerSys and Kennametal as they attempt to continue their solid performance.
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Is Enersys (ENS) Stock Outpacing Its Industrial Products Peers 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 EnerSys (ENS - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
EnerSys is one of 189 companies in the Industrial Products group. The Industrial Products group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. EnerSys is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ENS' full-year earnings has moved 10.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ENS has moved about 33.8% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 14.6% on a year-to-date basis. This shows that EnerSys is outperforming its peers so far this year.
Kennametal (KMT - 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 14.8%.
Over the past three months, Kennametal's consensus EPS estimate for the current year has increased 29.6%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, EnerSys belongs to the Manufacturing - Electronics industry, a group that includes 14 individual companies and currently sits at #72 in the Zacks Industry Rank. On average, stocks in this group have gained 28.4% this year, meaning that ENS is performing better in terms of year-to-date returns.
Kennametal, however, belongs to the Manufacturing - Tools & Related Products industry. Currently, this 8-stock industry is ranked #86. The industry has moved +5.4% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on EnerSys and Kennametal as they attempt to continue their solid performance.