The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has EnerSys (ENS) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
EnerSys is one of 186 individual stocks in the Industrial Products sector. Collectively, these companies sit at #11 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. EnerSys is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ENS' full-year earnings has moved 3.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ENS has gained about 42.8% so far this year. Meanwhile, the Industrial Products sector has returned an average of 6.9% on a year-to-date basis. This shows that EnerSys is outperforming its peers so far this year.
Another stock in the Industrial Products sector, Halma (HLMAF), has outperformed the sector so far this year. The stock's year-to-date return is 32%.
Over the past three months, Halma's consensus EPS estimate for the current year has increased 3.4%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, EnerSys belongs to the Manufacturing - Electronics industry, which includes 15 individual stocks and currently sits at #44 in the Zacks Industry Rank. On average, stocks in this group have gained 10.3% this year, meaning that ENS is performing better in terms of year-to-date returns.
Halma, however, belongs to the Security and Safety Services industry. Currently, this 17-stock industry is ranked #42. The industry has moved +20.8% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on EnerSys and Halma as they attempt to continue their solid performance.
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Enersys (ENS): Free Stock Analysis Report Halma (HLMAF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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