Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has Atlas Copco AB (ATLKY) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Atlas Copco AB is one of 187 companies in the Industrial Products group. The Industrial Products group currently sits at #8 within 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. Atlas Copco AB is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ATLKY's full-year earnings has moved 1.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that ATLKY has returned about 17.8% since the start of the calendar year. At the same time, Industrial Products stocks have gained an average of 5.6%. This means that Atlas Copco AB is performing better than its sector in terms of year-to-date returns.
Hubbell (HUBB) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 8.7%.
The consensus estimate for Hubbell's current year EPS has increased 1.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Atlas Copco AB belongs to the Manufacturing - General Industrial industry, a group that includes 41 individual companies and currently sits at #156 in the Zacks Industry Rank. On average, stocks in this group have gained 6.8% this year, meaning that ATLKY is performing better in terms of year-to-date returns.
In contrast, Hubbell falls under the Manufacturing - Electrical Utilities industry. Currently, this industry has 1 stocks and is ranked #4. Since the beginning of the year, the industry has moved +8.7%.
Atlas Copco AB and Hubbell could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Atlas Copco AB (ATLKY): Free Stock Analysis Report Hubbell Inc (HUBB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
