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Is Bunge (BG) Outperforming Other Basic Materials Stocks This Year?
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Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Bunge (BG - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.
Bunge is a member of our Basic Materials group, which includes 240 different companies and currently sits at #10 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 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. BG is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BG's full-year earnings has moved 24.41% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, BG has moved about 1.07% on a year-to-date basis. Meanwhile, the Basic Materials sector has returned an average of -2.93% on a year-to-date basis. This shows that Bunge is outperforming its peers so far this year.
Breaking things down more, BG is a member of the Agriculture - Products industry, which includes 6 individual companies and currently sits at #59 in the Zacks Industry Rank. On average, this group has lost an average of 48.72% so far this year, meaning that BG is performing better in terms of year-to-date returns.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to BG as it looks to continue its solid performance.
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Is Bunge (BG) Outperforming Other Basic Materials Stocks This Year?
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Bunge (BG - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.
Bunge is a member of our Basic Materials group, which includes 240 different companies and currently sits at #10 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 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. BG is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for BG's full-year earnings has moved 24.41% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, BG has moved about 1.07% on a year-to-date basis. Meanwhile, the Basic Materials sector has returned an average of -2.93% on a year-to-date basis. This shows that Bunge is outperforming its peers so far this year.
Breaking things down more, BG is a member of the Agriculture - Products industry, which includes 6 individual companies and currently sits at #59 in the Zacks Industry Rank. On average, this group has lost an average of 48.72% so far this year, meaning that BG is performing better in terms of year-to-date returns.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to BG as it looks to continue its solid performance.