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Is Apogee Enterprises (APOG) Outperforming Other Industrial Products Stocks This Year?
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Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Apogee Enterprises (APOG - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Apogee Enterprises is one of 188 companies in the Industrial Products group. The Industrial Products group currently sits at #9 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 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. Apogee Enterprises is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for APOG's full-year earnings has moved 13.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, APOG has returned 24.3% so far this year. At the same time, Industrial Products stocks have gained an average of 8.5%. This means that Apogee Enterprises is performing better than its sector in terms of year-to-date returns.
Another stock in the Industrial Products sector, Idex (IEX - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 31.4%.
Over the past three months, Idex's consensus EPS estimate for the current year has increased 1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Apogee Enterprises belongs to the Glass Products industry, a group that includes 2 individual stocks and currently sits at #11 in the Zacks Industry Rank. Stocks in this group have lost about 43.1% so far this year, so APOG is performing better this group in terms of year-to-date returns.
On the other hand, Idex belongs to the Manufacturing - General Industrial industry. This 43-stock industry is currently ranked #149. The industry has moved +1.8% year to date.
Apogee Enterprises and Idex could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
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Is Apogee Enterprises (APOG) 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. Apogee Enterprises (APOG - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Apogee Enterprises is one of 188 companies in the Industrial Products group. The Industrial Products group currently sits at #9 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 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. Apogee Enterprises is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for APOG's full-year earnings has moved 13.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, APOG has returned 24.3% so far this year. At the same time, Industrial Products stocks have gained an average of 8.5%. This means that Apogee Enterprises is performing better than its sector in terms of year-to-date returns.
Another stock in the Industrial Products sector, Idex (IEX - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 31.4%.
Over the past three months, Idex's consensus EPS estimate for the current year has increased 1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Apogee Enterprises belongs to the Glass Products industry, a group that includes 2 individual stocks and currently sits at #11 in the Zacks Industry Rank. Stocks in this group have lost about 43.1% so far this year, so APOG is performing better this group in terms of year-to-date returns.
On the other hand, Idex belongs to the Manufacturing - General Industrial industry. This 43-stock industry is currently ranked #149. The industry has moved +1.8% year to date.
Apogee Enterprises and Idex could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.