Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Has ENGIE - Sponsored ADR (ENGIY) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.
ENGIE - Sponsored ADR is a member of our Utilities group, which includes 109 different companies and currently sits at #1 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. ENGIE - Sponsored ADR is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for ENGIY's full-year earnings has moved 10.7% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that ENGIY has returned about 42.5% since the start of the calendar year. Meanwhile, the Utilities sector has returned an average of 8.4% on a year-to-date basis. This means that ENGIE - Sponsored ADR is performing better than its sector in terms of year-to-date returns.
Another stock in the Utilities sector, Entergy (ETR), has outperformed the sector so far this year. The stock's year-to-date return is 9.3%.
Over the past three months, Entergy's consensus EPS estimate for the current year has increased 0%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, ENGIE - Sponsored ADR is a member of the Utility - Electric Power industry, which includes 60 individual companies and currently sits at #148 in the Zacks Industry Rank. This group has gained an average of 8.4% so far this year, so ENGIY is performing better in this area. Entergy is also part of the same industry.
Investors with an interest in Utilities stocks should continue to track ENGIE - Sponsored ADR and Entergy. These stocks will be looking to continue their solid performance.
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ENGIE - Sponsored ADR (ENGIY): Free Stock Analysis Report Entergy Corporation (ETR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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