Investors focused on the Utilities space have likely heard of The AES (AES - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of AES and the rest of the Utilities group's stocks.
The AES is a member of our Utilities group, which includes 121 different companies and currently sits at #4 in 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 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. AES is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AES's full-year earnings has moved 0.38% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AES has moved about 7.47% on a year-to-date basis. In comparison, Utilities companies have returned an average of 5.64%. As we can see, The AES is performing better than its sector in the calendar year.
Looking more specifically, AES belongs to the Utility - Electric Power industry, a group that includes 65 individual stocks and currently sits at #67 in the Zacks Industry Rank. On average, stocks in this group have gained 22.61% this year, meaning that AES is slightly underperforming its industry in terms of year-to-date returns.
Going forward, investors interested in Utilities stocks should continue to pay close attention to AES as it looks to continue its solid performance.