For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Cintas (CTAS - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 215 individual stocks in the Industrial Products sector. Collectively, these companies sit at #10 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. 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 1.50% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CTAS has returned 23.95% so far this year. In comparison, Industrial Products companies have returned an average of 20.06%. This means that Cintas is performing better than its sector in terms of year-to-date returns.
Looking more specifically, CTAS belongs to the Uniform and Related industry, a group that includes 3 individual stocks and currently sits at #25 in the Zacks Industry Rank. This group has gained an average of 21.21% so far this year, so CTAS is performing better in this area.
CTAS 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.