We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Has Atkore International Group (ATKR) Outpaced Other Industrial Products Stocks This Year?
Read MoreHide Full Article
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 Atkore International Group (ATKR - 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.
Atkore International Group is a member of our Industrial Products group, which includes 205 different companies and currently sits at #8 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. ATKR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ATKR's full-year earnings has moved 12.16% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, ATKR has gained about 10.68% so far this year. At the same time, Industrial Products stocks have lost an average of 11.41%. This means that Atkore International Group is performing better than its sector in terms of year-to-date returns.
To break things down more, ATKR belongs to the Wire and Cable Products industry, a group that includes 3 individual companies and currently sits at #5 in the Zacks Industry Rank. Stocks in this group have lost about 6.59% so far this year, so ATKR is performing better this group in terms of year-to-date returns.
ATKR will likely be looking to continue its solid performance, so investors interested Industrial Products stocks should continue to pay close attention to the company.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has Atkore International Group (ATKR) Outpaced Other Industrial Products Stocks This Year?
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 Atkore International Group (ATKR - 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.
Atkore International Group is a member of our Industrial Products group, which includes 205 different companies and currently sits at #8 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. ATKR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ATKR's full-year earnings has moved 12.16% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, ATKR has gained about 10.68% so far this year. At the same time, Industrial Products stocks have lost an average of 11.41%. This means that Atkore International Group is performing better than its sector in terms of year-to-date returns.
To break things down more, ATKR belongs to the Wire and Cable Products industry, a group that includes 3 individual companies and currently sits at #5 in the Zacks Industry Rank. Stocks in this group have lost about 6.59% so far this year, so ATKR is performing better this group in terms of year-to-date returns.
ATKR will likely be looking to continue its solid performance, so investors interested Industrial Products stocks should continue to pay close attention to the company.