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Is Cintas (CTAS) Stock Outpacing Its Industrial Products Peers This Year?
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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? 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.
Cintas is one of 212 companies in the Industrial Products group. The Industrial Products group currently sits at #11 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 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. CTAS is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CTAS's full-year earnings has moved 1.56% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, CTAS has gained about 5.65% so far this year. Meanwhile, the Industrial Products sector has returned an average of 5.51% on a year-to-date basis. This means that Cintas is outperforming the sector as a whole this year.
To break things down more, CTAS belongs to the Uniform and Related industry, a group that includes 3 individual companies and currently sits at #34 in the Zacks Industry Rank. This group has gained an average of 4.41% 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.
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Is Cintas (CTAS) Stock Outpacing Its Industrial Products Peers This Year?
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? 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.
Cintas is one of 212 companies in the Industrial Products group. The Industrial Products group currently sits at #11 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 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. CTAS is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CTAS's full-year earnings has moved 1.56% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, CTAS has gained about 5.65% so far this year. Meanwhile, the Industrial Products sector has returned an average of 5.51% on a year-to-date basis. This means that Cintas is outperforming the sector as a whole this year.
To break things down more, CTAS belongs to the Uniform and Related industry, a group that includes 3 individual companies and currently sits at #34 in the Zacks Industry Rank. This group has gained an average of 4.41% 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.