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Are Utilities Stocks Lagging Consolidated Edison (ED) This Year?
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Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Is Consolidated Edison (ED - 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.
Consolidated Edison is one of 111 companies in the Utilities group. The Utilities group currently sits at #7 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 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. Consolidated Edison is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ED's full-year earnings has moved 0.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ED has returned about 16.5% since the start of the calendar year. Meanwhile, the Utilities sector has returned an average of 1.3% on a year-to-date basis. This shows that Consolidated Edison is outperforming its peers so far this year.
Another Utilities stock, which has outperformed the sector so far this year, is Enel Chile (ENIC - Free Report) . The stock has returned 8% year-to-date.
Over the past three months, Enel Chile's consensus EPS estimate for the current year has increased 4.6%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Consolidated Edison belongs to the Utility - Electric Power industry, which includes 63 individual stocks and currently sits at #94 in the Zacks Industry Rank. On average, stocks in this group have gained 1.6% this year, meaning that ED is performing better in terms of year-to-date returns. Enel Chile is also part of the same industry.
Investors with an interest in Utilities stocks should continue to track Consolidated Edison and Enel Chile. These stocks will be looking to continue their solid performance.
View the Zacks #1 Rank List
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Are Utilities Stocks Lagging Consolidated Edison (ED) This Year?
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Is Consolidated Edison (ED - 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.
Consolidated Edison is one of 111 companies in the Utilities group. The Utilities group currently sits at #7 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 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. Consolidated Edison is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ED's full-year earnings has moved 0.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ED has returned about 16.5% since the start of the calendar year. Meanwhile, the Utilities sector has returned an average of 1.3% on a year-to-date basis. This shows that Consolidated Edison is outperforming its peers so far this year.
Another Utilities stock, which has outperformed the sector so far this year, is Enel Chile (ENIC - Free Report) . The stock has returned 8% year-to-date.
Over the past three months, Enel Chile's consensus EPS estimate for the current year has increased 4.6%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Consolidated Edison belongs to the Utility - Electric Power industry, which includes 63 individual stocks and currently sits at #94 in the Zacks Industry Rank. On average, stocks in this group have gained 1.6% this year, meaning that ED is performing better in terms of year-to-date returns. Enel Chile is also part of the same industry.
Investors with an interest in Utilities stocks should continue to track Consolidated Edison and Enel Chile. These stocks will be looking to continue their solid performance.