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 205 individual stocks and currently holds a Zacks Sector Rank of #7. 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 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 shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ARC has returned 4.31% so far this year. In comparison, Industrial Products companies have returned an average of -9.90%. This shows that ARC Document Solutions is outperforming its peers so far this year.
To break things down more, ARC belongs to the Commercial Printing industry, a group that includes 7 individual companies and currently sits at #54 in the Zacks Industry Rank. On average, this group has lost an average of 8.29% so far this year, meaning that ARC is performing better in terms of year-to-date returns.
Investors with an interest in Industrial Products stocks should continue to track ARC. The stock will be looking to continue its solid performance.