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Are Industrial Products Stocks Lagging Gates Industrial (GTES) 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. Gates Industrial (GTES - 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? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Gates Industrial is a member of the Industrial Products sector. This group includes 188 individual stocks and currently holds a Zacks Sector Rank of #9. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Gates Industrial is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GTES' full-year earnings has moved 2.9% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, GTES has returned 12.3% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 5.6% on average. This shows that Gates Industrial is outperforming its peers so far this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Komatsu Ltd. (KMTUY - Free Report) . The stock has returned 17.2% year-to-date.
The consensus estimate for Komatsu Ltd.'s current year EPS has increased 3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Gates Industrial belongs to the Manufacturing - General Industrial industry, a group that includes 43 individual stocks and currently sits at #97 in the Zacks Industry Rank. On average, this group has gained an average of 1.8% so far this year, meaning that GTES is performing better in terms of year-to-date returns.
On the other hand, Komatsu Ltd. belongs to the Manufacturing - Construction and Mining industry. This 7-stock industry is currently ranked #104. The industry has moved -6.2% year to date.
Investors interested in the Industrial Products sector may want to keep a close eye on Gates Industrial and Komatsu Ltd. as they attempt to continue their solid performance.
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Are Industrial Products Stocks Lagging Gates Industrial (GTES) This Year?
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Gates Industrial (GTES - 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? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Gates Industrial is a member of the Industrial Products sector. This group includes 188 individual stocks and currently holds a Zacks Sector Rank of #9. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Gates Industrial is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GTES' full-year earnings has moved 2.9% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, GTES has returned 12.3% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 5.6% on average. This shows that Gates Industrial is outperforming its peers so far this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Komatsu Ltd. (KMTUY - Free Report) . The stock has returned 17.2% year-to-date.
The consensus estimate for Komatsu Ltd.'s current year EPS has increased 3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Gates Industrial belongs to the Manufacturing - General Industrial industry, a group that includes 43 individual stocks and currently sits at #97 in the Zacks Industry Rank. On average, this group has gained an average of 1.8% so far this year, meaning that GTES is performing better in terms of year-to-date returns.
On the other hand, Komatsu Ltd. belongs to the Manufacturing - Construction and Mining industry. This 7-stock industry is currently ranked #104. The industry has moved -6.2% year to date.
Investors interested in the Industrial Products sector may want to keep a close eye on Gates Industrial and Komatsu Ltd. as they attempt to continue their solid performance.