Investors focused on the Industrial Products space have likely heard of Atkore International Group (ATKR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of ATKR and the rest of the Industrial Products group's stocks.
Atkore International Group is one of 208 individual stocks in the Industrial Products sector. Collectively, these companies sit at #3 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. ATKR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ATKR's full-year earnings has moved 10.65% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ATKR has moved about 22.52% on a year-to-date basis. Meanwhile, stocks in the Industrial Products group have lost about 3.16% on average. This means that Atkore International Group is outperforming the sector as a whole this year.
To break things down more, ATKR belongs to the Wire and Cable Products industry, a group that includes 4 individual companies and currently sits at #1 in the Zacks Industry Rank. This group has gained an average of 4.89% so far this year, so ATKR is performing better in this area.
Investors with an interest in Industrial Products stocks should continue to track ATKR. The stock will be looking to continue its solid performance.