Investors focused on the Basic Materials space have likely heard of Verso (VRS - Free Report) , 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.
Verso is one of 238 companies in the Basic Materials group. The Basic Materials group currently sits at #15 within the Zacks Sector Rank. 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 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. VRS is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for VRS's full-year earnings has moved 203.06% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, VRS has moved about 91.63% on a year-to-date basis. At the same time, Basic Materials stocks have lost an average of 4.94%. This shows that Verso is outperforming its peers so far this year.
Looking more specifically, VRS belongs to the Paper and Related Products industry, which includes 19 individual stocks and currently sits at #90 in the Zacks Industry Rank. On average, this group has lost an average of 1.84% so far this year, meaning that VRS is performing better in terms of year-to-date returns.
VRS will likely be looking to continue its solid performance, so investors interested Basic Materials stocks should continue to pay close attention to the company.