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 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. MRC is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for MRC's full-year earnings has moved 21.26% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, MRC has moved about 27.25% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of -11% on a year-to-date basis. As we can see, MRC Global is performing better than its sector in the calendar year.
Looking more specifically, MRC belongs to the Steel - Pipe and Tube industry, a group that includes 4 individual stocks and currently sits at #22 in the Zacks Industry Rank. This group has gained an average of 11.96% so far this year, so MRC is performing better in this area.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to MRC as it looks to continue its solid performance.