We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is DMC Global (BOOM) Outperforming Other Industrial Products Stocks This Year?
Read MoreHide Full Article
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. DMC Global (BOOM - 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.
DMC Global is a member of our Industrial Products group, which includes 188 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. DMC Global is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for BOOM's full-year earnings has moved 94.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, BOOM has returned 15.6% so far this year. At the same time, Industrial Products stocks have gained an average of 10.6%. This means that DMC Global is performing better than its sector in terms of year-to-date returns.
DISCO CORP (DSCSY - 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 11.4%.
In DISCO CORP's case, the consensus EPS estimate for the current year increased 6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, DMC Global belongs to the Industrial Services industry, which includes 17 individual stocks and currently sits at #198 in the Zacks Industry Rank. On average, stocks in this group have gained 11.7% this year, meaning that BOOM is performing better in terms of year-to-date returns.
On the other hand, DISCO CORP belongs to the Manufacturing - Material Handling industry. This 2-stock industry is currently ranked #7. The industry has moved -12.7% year to date.
Investors with an interest in Industrial Products stocks should continue to track DMC Global and DISCO CORP. These stocks will be looking to continue their solid performance.
View the Zacks #1 Rank List
Image: Bigstock
Is DMC Global (BOOM) Outperforming Other Industrial Products Stocks This Year?
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. DMC Global (BOOM - 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.
DMC Global is a member of our Industrial Products group, which includes 188 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. DMC Global is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for BOOM's full-year earnings has moved 94.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, BOOM has returned 15.6% so far this year. At the same time, Industrial Products stocks have gained an average of 10.6%. This means that DMC Global is performing better than its sector in terms of year-to-date returns.
DISCO CORP (DSCSY - 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 11.4%.
In DISCO CORP's case, the consensus EPS estimate for the current year increased 6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, DMC Global belongs to the Industrial Services industry, which includes 17 individual stocks and currently sits at #198 in the Zacks Industry Rank. On average, stocks in this group have gained 11.7% this year, meaning that BOOM is performing better in terms of year-to-date returns.
On the other hand, DISCO CORP belongs to the Manufacturing - Material Handling industry. This 2-stock industry is currently ranked #7. The industry has moved -12.7% year to date.
Investors with an interest in Industrial Products stocks should continue to track DMC Global and DISCO CORP. These stocks will be looking to continue their solid performance.