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Is Element Solutions (ESI) Stock Outpacing Its Basic Materials Peers This Year?
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The Basic Materials group has plenty of great stocks, but investors should always be looking for companies 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 one of 295 individual stocks in the Basic Materials sector. Collectively, these companies sit at #13 in 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 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. Element Solutions is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ESI's full-year earnings has moved 2.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ESI has returned 31.1% so far this year. Meanwhile, stocks in the Basic Materials group have gained about 8.2% on average. As we can see, Element Solutions is performing better than its sector in the calendar year.
Gerdau (GGB - Free Report) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 25.5%.
For Gerdau, the consensus EPS estimate for the current year has increased 3.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Element Solutions belongs to the Chemical - Specialty industry, which includes 48 individual stocks and currently sits at #92 in the Zacks Industry Rank. This group has gained an average of 17.7% so far this year, so ESI is performing better in this area.
In contrast, Gerdau falls under the Steel - Producers industry. Currently, this industry has 17 stocks and is ranked #154. Since the beginning of the year, the industry has moved +37.1%.
Element Solutions and Gerdau could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.
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Is Element Solutions (ESI) Stock Outpacing Its Basic Materials Peers This Year?
The Basic Materials group has plenty of great stocks, but investors should always be looking for companies 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 one of 295 individual stocks in the Basic Materials sector. Collectively, these companies sit at #13 in 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 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. Element Solutions is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ESI's full-year earnings has moved 2.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ESI has returned 31.1% so far this year. Meanwhile, stocks in the Basic Materials group have gained about 8.2% on average. As we can see, Element Solutions is performing better than its sector in the calendar year.
Gerdau (GGB - Free Report) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 25.5%.
For Gerdau, the consensus EPS estimate for the current year has increased 3.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Element Solutions belongs to the Chemical - Specialty industry, which includes 48 individual stocks and currently sits at #92 in the Zacks Industry Rank. This group has gained an average of 17.7% so far this year, so ESI is performing better in this area.
In contrast, Gerdau falls under the Steel - Producers industry. Currently, this industry has 17 stocks and is ranked #154. Since the beginning of the year, the industry has moved +37.1%.
Element Solutions and Gerdau could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.