The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Andritz (ADRZY) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Andritz is a member of our Industrial Products group, which includes 189 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Andritz is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ADRZY's full-year earnings has moved 3.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ADRZY has moved about 47.8% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 7.3% on a year-to-date basis. This shows that Andritz is outperforming its peers so far this year.
Greif (GEF) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 7.7%.
Over the past three months, Greif's consensus EPS estimate for the current year has increased 7%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Andritz belongs to the Industrial Services industry, a group that includes 18 individual companies and currently sits at #50 in the Zacks Industry Rank. Stocks in this group have gained about 5.1% so far this year, so ADRZY is performing better this group in terms of year-to-date returns.
In contrast, Greif falls under the Containers - Paper and Packaging industry. Currently, this industry has 12 stocks and is ranked #93. Since the beginning of the year, the industry has moved -6.3%.
Andritz and Greif could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
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Andritz (ADRZY): Free Stock Analysis Report Greif, Inc. (GEF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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