Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is DISCO CORP (DSCSY) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
DISCO CORP is one of 186 individual stocks in the Industrial Products sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. DISCO CORP is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for DSCSY's full-year earnings has moved 6% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, DSCSY has gained about 15.5% so far this year. Meanwhile, the Industrial Products sector has returned an average of 14.2% on a year-to-date basis. This means that DISCO CORP is performing better than its sector in terms of year-to-date returns.
One other Industrial Products stock that has outperformed the sector so far this year is Proto Labs (PRLB). The stock is up 73.3% year-to-date.
In Proto Labs' case, the consensus EPS estimate for the current year increased 6.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, DISCO CORP belongs to the Manufacturing - Material Handling industry, a group that includes 2 individual companies and currently sits at #8 in the Zacks Industry Rank. On average, this group has lost an average of 10% so far this year, meaning that DSCSY is performing better in terms of year-to-date returns.
In contrast, Proto Labs falls under the Rubber - Plastics industry. Currently, this industry has 2 stocks and is ranked #106. Since the beginning of the year, the industry has moved +71%.
Investors with an interest in Industrial Products stocks should continue to track DISCO CORP and Proto Labs. These stocks will be looking to continue their solid performance.
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DISCO CORP (DSCSY): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).