We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Has National Steel (SID) Outpaced Other Basic Materials Stocks This Year?
Read MoreHide Full Article
The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has National Steel (SID - 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.
National Steel is one of 246 individual stocks in the Basic Materials sector. Collectively, these companies sit at #16 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. SID is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SID's full-year earnings has moved 53.33% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that SID has returned about 36.53% since the start of the calendar year. At the same time, Basic Materials stocks have gained an average of 10.96%. This means that National Steel is performing better than its sector in terms of year-to-date returns.
Looking more specifically, SID belongs to the Steel - Producers industry, which includes 27 individual stocks and currently sits at #239 in the Zacks Industry Rank. On average, this group has lost an average of 7.35% so far this year, meaning that SID is performing better in terms of year-to-date returns.
SID will likely be looking to continue its solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to the company.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has National Steel (SID) Outpaced Other Basic Materials Stocks This Year?
The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has National Steel (SID - 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.
National Steel is one of 246 individual stocks in the Basic Materials sector. Collectively, these companies sit at #16 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. SID is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for SID's full-year earnings has moved 53.33% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that SID has returned about 36.53% since the start of the calendar year. At the same time, Basic Materials stocks have gained an average of 10.96%. This means that National Steel is performing better than its sector in terms of year-to-date returns.
Looking more specifically, SID belongs to the Steel - Producers industry, which includes 27 individual stocks and currently sits at #239 in the Zacks Industry Rank. On average, this group has lost an average of 7.35% so far this year, meaning that SID is performing better in terms of year-to-date returns.
SID will likely be looking to continue its solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to the company.