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Is Ameren (AEE) Outperforming Other Utilities Stocks This Year?
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Investors focused on the Utilities space have likely heard of Ameren (AEE - Free Report) , 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.
Ameren is one of 121 companies in the Utilities group. The Utilities group currently sits at #5 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. AEE is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AEE's full-year earnings has moved 0.51% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AEE has moved about 2.81% on a year-to-date basis. At the same time, Utilities stocks have gained an average of 2.37%. This shows that Ameren is outperforming its peers so far this year.
Breaking things down more, AEE is a member of the Utility - Electric Power industry, which includes 64 individual companies and currently sits at #76 in the Zacks Industry Rank. On average, this group has gained an average of 1.52% so far this year, meaning that AEE is performing better in terms of year-to-date returns.
Investors with an interest in Utilities stocks should continue to track AEE. The stock will be looking to continue its solid performance.
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Is Ameren (AEE) Outperforming Other Utilities Stocks This Year?
Investors focused on the Utilities space have likely heard of Ameren (AEE - Free Report) , 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.
Ameren is one of 121 companies in the Utilities group. The Utilities group currently sits at #5 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. AEE is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AEE's full-year earnings has moved 0.51% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AEE has moved about 2.81% on a year-to-date basis. At the same time, Utilities stocks have gained an average of 2.37%. This shows that Ameren is outperforming its peers so far this year.
Breaking things down more, AEE is a member of the Utility - Electric Power industry, which includes 64 individual companies and currently sits at #76 in the Zacks Industry Rank. On average, this group has gained an average of 1.52% so far this year, meaning that AEE is performing better in terms of year-to-date returns.
Investors with an interest in Utilities stocks should continue to track AEE. The stock will be looking to continue its solid performance.