The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Advanced Emissions Solutions (ADES - 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.
Advanced Emissions Solutions is one of 215 companies in the Industrial Products group. The Industrial Products group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. ADES is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ADES's full-year earnings has moved 35.60% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that ADES has returned about 26.54% since the start of the calendar year. Meanwhile, the Industrial Products sector has returned an average of 15.74% on a year-to-date basis. This means that Advanced Emissions Solutions is outperforming the sector as a whole this year.
Looking more specifically, ADES belongs to the Pollution Control industry, which includes 14 individual stocks and currently sits at #28 in the Zacks Industry Rank. This group has gained an average of 24.95% so far this year, so ADES is performing better in this area.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to ADES as it looks to continue its solid performance.