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Are Industrial Products Stocks Lagging Albany International (AIN) This Year?
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The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Albany International (AIN - 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.
Albany International is a member of the Industrial Products sector. This group includes 188 individual stocks and currently holds a Zacks Sector Rank of #10. 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 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. Albany International is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AIN's full-year earnings has moved 20.4% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, AIN has returned 23.5% so far this year. At the same time, Industrial Products stocks have gained an average of 9%. As we can see, Albany International is performing better than its sector in the calendar year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Emerson Electric (EMR - Free Report) . The stock has returned 21.8% year-to-date.
For Emerson Electric, the consensus EPS estimate for the current year has increased 1.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Albany International belongs to the Textile - Products industry, a group that includes 2 individual companies and currently sits at #30 in the Zacks Industry Rank. On average, stocks in this group have gained 26.5% this year, meaning that AIN is slightly underperforming its industry in terms of year-to-date returns.
On the other hand, Emerson Electric belongs to the Manufacturing - Electronics industry. This 14-stock industry is currently ranked #88. The industry has moved +16.2% year to date.
Investors with an interest in Industrial Products stocks should continue to track Albany International and Emerson Electric. These stocks will be looking to continue their solid performance.
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Are Industrial Products Stocks Lagging Albany International (AIN) This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Albany International (AIN - 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.
Albany International is a member of the Industrial Products sector. This group includes 188 individual stocks and currently holds a Zacks Sector Rank of #10. 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 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. Albany International is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AIN's full-year earnings has moved 20.4% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, AIN has returned 23.5% so far this year. At the same time, Industrial Products stocks have gained an average of 9%. As we can see, Albany International is performing better than its sector in the calendar year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Emerson Electric (EMR - Free Report) . The stock has returned 21.8% year-to-date.
For Emerson Electric, the consensus EPS estimate for the current year has increased 1.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Albany International belongs to the Textile - Products industry, a group that includes 2 individual companies and currently sits at #30 in the Zacks Industry Rank. On average, stocks in this group have gained 26.5% this year, meaning that AIN is slightly underperforming its industry in terms of year-to-date returns.
On the other hand, Emerson Electric belongs to the Manufacturing - Electronics industry. This 14-stock industry is currently ranked #88. The industry has moved +16.2% year to date.
Investors with an interest in Industrial Products stocks should continue to track Albany International and Emerson Electric. These stocks will be looking to continue their solid performance.