The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Crown Holdings (CCK) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Crown Holdings is a member of the Industrial Products sector. This group includes 189 individual stocks and currently holds a Zacks Sector Rank of #3. 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 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. Crown Holdings is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CCK's full-year earnings has moved 9.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, CCK has gained about 26% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 9.2% on average. As we can see, Crown Holdings is performing better than its sector in the calendar year.
Another Industrial Products stock, which has outperformed the sector so far this year, is IperionX Limited Sponsored ADR (IPX). The stock has returned 18.8% year-to-date.
For IperionX Limited Sponsored ADR, the consensus EPS estimate for the current year has increased 66.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Crown Holdings belongs to the Containers - Metal and Glass industry, a group that includes 3 individual stocks and currently sits at #36 in the Zacks Industry Rank. On average, stocks in this group have gained 13% this year, meaning that CCK is performing better in terms of year-to-date returns.
In contrast, IperionX Limited Sponsored ADR falls under the Industrial Services industry. Currently, this industry has 18 stocks and is ranked #31. Since the beginning of the year, the industry has moved +9%.
Crown Holdings and IperionX Limited Sponsored ADR 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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Crown Holdings, Inc. (CCK): Free Stock Analysis Report IperionX Limited Sponsored ADR (IPX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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