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? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
ARC Document Solutions is a member of our Industrial Products group, which includes 212 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. ARC is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ARC's full-year earnings has moved 20% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ARC has gained about 15.61% so far this year. Meanwhile, stocks in the Industrial Products group have lost about 2.54% on average. This shows that ARC Document Solutions is outperforming its peers so far this year.
Looking more specifically, ARC belongs to the Commercial Printing industry, a group that includes 7 individual stocks and currently sits at #229 in the Zacks Industry Rank. On average, stocks in this group have lost 1.69% this year, meaning that ARC is performing better in terms of year-to-date returns.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to ARC as it looks to continue its solid performance.