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Is DMC Global (BOOM) Stock Outpacing Its Industrial Products Peers This Year?
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For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is DMC Global (BOOM - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
DMC Global is one of 215 companies in the Industrial Products group. The Industrial Products group currently sits at #9 within 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 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. BOOM is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for BOOM's full-year earnings has moved 49.49% 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, BOOM has gained about 88.13% so far this year. Meanwhile, the Industrial Products sector has returned an average of 21.39% on a year-to-date basis. This means that DMC Global is outperforming the sector as a whole this year.
Looking more specifically, BOOM belongs to the Industrial Services industry, which includes 16 individual stocks and currently sits at #91 in the Zacks Industry Rank. On average, stocks in this group have gained 13.93% this year, meaning that BOOM is performing better in terms of year-to-date returns.
Investors in the Industrial Products sector will want to keep a close eye on BOOM as it attempts to continue its solid performance.
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Is DMC Global (BOOM) Stock Outpacing Its Industrial Products Peers This Year?
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is DMC Global (BOOM - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
DMC Global is one of 215 companies in the Industrial Products group. The Industrial Products group currently sits at #9 within 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 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. BOOM is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for BOOM's full-year earnings has moved 49.49% 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, BOOM has gained about 88.13% so far this year. Meanwhile, the Industrial Products sector has returned an average of 21.39% on a year-to-date basis. This means that DMC Global is outperforming the sector as a whole this year.
Looking more specifically, BOOM belongs to the Industrial Services industry, which includes 16 individual stocks and currently sits at #91 in the Zacks Industry Rank. On average, stocks in this group have gained 13.93% this year, meaning that BOOM is performing better in terms of year-to-date returns.
Investors in the Industrial Products sector will want to keep a close eye on BOOM as it attempts to continue its solid performance.