For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Harsco (HSC - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Harsco is one of 213 individual stocks in the Industrial Products sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. HSC is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for HSC's full-year earnings has moved 2.44% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, HSC has gained about 31.90% so far this year. In comparison, Industrial Products companies have returned an average of -14.46%. This shows that Harsco is outperforming its peers so far this year.
Breaking things down more, HSC is a member of the Industrial Services industry, which includes 17 individual companies and currently sits at #159 in the Zacks Industry Rank. This group has gained an average of 9.91% so far this year, so HSC is performing better in this area.
HSC will likely be looking to continue its solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to the company.