Investors focused on the Industrial Products space have likely heard of ARC Document Solutions , 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.
ARC Document Solutions is a member of the Industrial Products sector. This group includes 208 individual stocks and currently holds a Zacks Sector Rank of #9. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ARC is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ARC's full-year earnings has moved 16.67% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ARC has moved about 1.18% on a year-to-date basis. At the same time, Industrial Products stocks have lost an average of 5.37%. This means that ARC Document Solutions is outperforming the sector as a whole this year.
To break things down more, ARC belongs to the Commercial Printing industry, a group that includes 5 individual companies and currently sits at #42 in the Zacks Industry Rank. Stocks in this group have gained about 8.15% so far this year, so ARC is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to ARC as it looks to continue its solid performance.