Investors focused on the Industrial Products space have likely heard of Harsco (HSC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Harsco is one of 208 individual stocks in the Industrial Products sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. 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. HSC is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for HSC's full-year earnings has moved 9.09% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that HSC has returned about 18.50% since the start of the calendar year. In comparison, Industrial Products companies have returned an average of -11.08%. As we can see, Harsco is performing better than its sector in the calendar year.
Looking more specifically, HSC belongs to the Industrial Services industry, a group that includes 15 individual stocks and currently sits at #78 in the Zacks Industry Rank. On average, this group has gained an average of 15.19% so far this year, meaning that HSC is performing better in terms of year-to-date returns.
Investors with an interest in Industrial Products stocks should continue to track HSC. The stock will be looking to continue its solid performance.