The Utilities group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is CLP Holdings Ltd. (CLPHY) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.
CLP Holdings Ltd. is a member of the Utilities sector. This group includes 111 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. CLP Holdings Ltd. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for CLPHY's full-year earnings has moved 1.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, CLPHY has gained about 8.3% so far this year. In comparison, Utilities companies have returned an average of -6.9%. As we can see, CLP Holdings Ltd. is performing better than its sector in the calendar year.
One other Utilities stock that has outperformed the sector so far this year is Companhia Paranaense de Energia - Copel Unsponsored ADR (ELPC). The stock is up 26.7% year-to-date.
In Companhia Paranaense de Energia - Copel Unsponsored ADR's case, the consensus EPS estimate for the current year increased 8.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, CLP Holdings Ltd. belongs to the Utility - Electric Power industry, a group that includes 63 individual companies and currently sits at #110 in the Zacks Industry Rank. This group has lost an average of 7% so far this year, so CLPHY is performing better in this area. Companhia Paranaense de Energia - Copel Unsponsored ADR is also part of the same industry.
Going forward, investors interested in Utilities stocks should continue to pay close attention to CLP Holdings Ltd. and Companhia Paranaense de Energia - Copel Unsponsored ADR as they could maintain their solid performance.
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CLP Holdings Ltd. (CLPHY): Free Stock Analysis Report
Companhia Paranaense de Energia - Copel Unsponsored ADR (ELPC): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).