Investors focused on the Industrial Products space have likely heard of Cintas (CTAS - 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 CTAS and the rest of the Industrial Products group's stocks.
Cintas is one of 205 companies in the Industrial Products group. The Industrial Products group currently sits at #9 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. CTAS is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CTAS's full-year earnings has moved 3.63% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that CTAS has returned about 25.34% since the start of the calendar year. At the same time, Industrial Products stocks have lost an average of 6.71%. This means that Cintas is outperforming the sector as a whole this year.
Breaking things down more, CTAS is a member of the Uniform and Related industry, which includes 3 individual companies and currently sits at #40 in the Zacks Industry Rank. This group has gained an average of 20.27% so far this year, so CTAS is performing better in this area.
Investors in the Industrial Products sector will want to keep a close eye on CTAS as it attempts to continue its solid performance.