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Is Element Solutions (ESI) Outperforming Other Basic Materials Stocks This Year?
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For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Element Solutions (ESI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Element Solutions is a member of the Basic Materials sector. This group includes 294 individual stocks and currently holds a Zacks Sector Rank of #13. 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 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. Element Solutions is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ESI's full-year earnings has moved 3.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ESI has returned 32.9% so far this year. Meanwhile, stocks in the Basic Materials group have gained about 5.8% on average. This shows that Element Solutions is outperforming its peers so far this year.
One other Basic Materials stock that has outperformed the sector so far this year is FUCHS SE - Unsponsored ADR (FUPBY - Free Report) . The stock is up 11.8% year-to-date.
Over the past three months, FUCHS SE - Unsponsored ADR's consensus EPS estimate for the current year has increased 5.6%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Element Solutions belongs to the Chemical - Specialty industry, which includes 47 individual stocks and currently sits at #156 in the Zacks Industry Rank. Stocks in this group have gained about 11.9% so far this year, so ESI is performing better this group in terms of year-to-date returns. FUCHS SE - Unsponsored ADR is also part of the same industry.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Element Solutions and FUCHS SE - Unsponsored ADR as they could maintain their solid performance.
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Is Element Solutions (ESI) Outperforming Other Basic Materials Stocks This Year?
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Element Solutions (ESI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Element Solutions is a member of the Basic Materials sector. This group includes 294 individual stocks and currently holds a Zacks Sector Rank of #13. 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 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. Element Solutions is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ESI's full-year earnings has moved 3.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ESI has returned 32.9% so far this year. Meanwhile, stocks in the Basic Materials group have gained about 5.8% on average. This shows that Element Solutions is outperforming its peers so far this year.
One other Basic Materials stock that has outperformed the sector so far this year is FUCHS SE - Unsponsored ADR (FUPBY - Free Report) . The stock is up 11.8% year-to-date.
Over the past three months, FUCHS SE - Unsponsored ADR's consensus EPS estimate for the current year has increased 5.6%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Element Solutions belongs to the Chemical - Specialty industry, which includes 47 individual stocks and currently sits at #156 in the Zacks Industry Rank. Stocks in this group have gained about 11.9% so far this year, so ESI is performing better this group in terms of year-to-date returns. FUCHS SE - Unsponsored ADR is also part of the same industry.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Element Solutions and FUCHS SE - Unsponsored ADR as they could maintain their solid performance.