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Is Acerinox (ANIOY) Stock Outpacing Its Basic Materials Peers This Year?
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Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Acerinox (ANIOY - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Acerinox is one of 294 companies in the Basic Materials group. The Basic Materials group currently sits at #14 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 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. Acerinox is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ANIOY's full-year earnings has moved 4.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ANIOY has returned 40.5% so far this year. At the same time, Basic Materials stocks have gained an average of 9.1%. As we can see, Acerinox is performing better than its sector in the calendar year.
Another stock in the Basic Materials sector, FUCHS SE - Unsponsored ADR (FUPBY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 9.4%.
The consensus estimate for FUCHS SE - Unsponsored ADR's current year EPS has increased 4.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Acerinox is a member of the Steel - Producers industry, which includes 17 individual companies and currently sits at #65 in the Zacks Industry Rank. This group has gained an average of 33.7% so far this year, so ANIOY is performing better in this area.
FUCHS SE - Unsponsored ADR, however, belongs to the Chemical - Specialty industry. Currently, this 47-stock industry is ranked #186. The industry has moved +7.3% so far this year.
Acerinox and FUCHS SE - Unsponsored ADR could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.
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Is Acerinox (ANIOY) Stock Outpacing Its Basic Materials Peers This Year?
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Acerinox (ANIOY - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Acerinox is one of 294 companies in the Basic Materials group. The Basic Materials group currently sits at #14 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 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. Acerinox is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ANIOY's full-year earnings has moved 4.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ANIOY has returned 40.5% so far this year. At the same time, Basic Materials stocks have gained an average of 9.1%. As we can see, Acerinox is performing better than its sector in the calendar year.
Another stock in the Basic Materials sector, FUCHS SE - Unsponsored ADR (FUPBY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 9.4%.
The consensus estimate for FUCHS SE - Unsponsored ADR's current year EPS has increased 4.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Acerinox is a member of the Steel - Producers industry, which includes 17 individual companies and currently sits at #65 in the Zacks Industry Rank. This group has gained an average of 33.7% so far this year, so ANIOY is performing better in this area.
FUCHS SE - Unsponsored ADR, however, belongs to the Chemical - Specialty industry. Currently, this 47-stock industry is ranked #186. The industry has moved +7.3% so far this year.
Acerinox and FUCHS SE - Unsponsored ADR could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.