Investors focused on the Industrial Products space have likely heard of MRC Global (MRC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
MRC Global is a member of the Industrial Products sector. This group includes 208 individual stocks and currently holds a Zacks Sector Rank of #14. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. MRC is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for MRC's full-year earnings has moved 21.26% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that MRC has returned about 27.25% since the start of the calendar year. In comparison, Industrial Products companies have returned an average of -11%. This means that MRC Global is outperforming the sector as a whole this year.
Breaking things down more, MRC is a member of the Steel - Pipe and Tube industry, which includes 4 individual companies and currently sits at #22 in the Zacks Industry Rank. Stocks in this group have gained about 11.96% so far this year, so MRC is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to MRC as it looks to continue its solid performance.