Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is Century Aluminum (CENX) 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.
Century Aluminum is one of 189 companies in the Industrial Products group. The Industrial Products group currently sits at #2 within 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Century Aluminum is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CENX's full-year earnings has moved 29.2% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, CENX has moved about 42.5% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of 6.3%. This means that Century Aluminum is outperforming the sector as a whole this year.
Another stock in the Industrial Products sector, Constellium (CSTM), has outperformed the sector so far this year. The stock's year-to-date return is 45.7%.
In Constellium's case, the consensus EPS estimate for the current year increased 7.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Century Aluminum is a member of the Metal Products - Procurement and Fabrication industry, which includes 8 individual companies and currently sits at #14 in the Zacks Industry Rank. On average, this group has gained an average of 14.2% so far this year, meaning that CENX is performing better in terms of year-to-date returns.
On the other hand, Constellium belongs to the Metal Products - Distribution industry. This 4-stock industry is currently ranked #15. The industry has moved -6.8% year to date.
Century Aluminum and Constellium 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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Century Aluminum Company (CENX): Free Stock Analysis Report Constellium SE (CSTM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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