For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is HD Supply Holdings (HDS - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
HD Supply Holdings is one of 205 individual stocks in the Industrial Products sector. Collectively, these companies sit at #5 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 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. HDS is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for HDS's full-year earnings has moved 1.55% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, HDS has returned 5.75% so far this year. Meanwhile, stocks in the Industrial Products group have lost about 3.21% on average. This means that HD Supply Holdings is outperforming the sector as a whole this year.
Looking more specifically, HDS belongs to the Industrial Services industry, a group that includes 15 individual stocks and currently sits at #77 in the Zacks Industry Rank. This group has gained an average of 22.78% so far this year, so HDS is slightly underperforming its industry in this area.
HDS will likely be looking to continue its solid performance, so investors interested Industrial Products stocks should continue to pay close attention to the company.