Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has DMC Global (BOOM - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
DMC Global is a member of the Industrial Products sector. This group includes 215 individual stocks and currently holds a Zacks Sector Rank of #14. 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 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. BOOM is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for BOOM's full-year earnings has moved 51.53% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, BOOM has moved about 94.96% on a year-to-date basis. Meanwhile, stocks in the Industrial Products group have gained about 20.43% on average. This means that DMC Global is outperforming the sector as a whole this year.
Breaking things down more, BOOM is a member of the Industrial Services industry, which includes 16 individual companies and currently sits at #198 in the Zacks Industry Rank. On average, stocks in this group have gained 9.75% this year, meaning that BOOM 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 BOOM as it looks to continue its solid performance.