The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Constellium (CSTM) been one of those stocks this year? 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.
Constellium is a member of the Industrial Products sector. This group includes 187 individual stocks and currently holds a Zacks Sector Rank of #6. 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. Constellium is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CSTM's full-year earnings has moved 11% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, CSTM has moved about 44% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 15.8% on a year-to-date basis. As we can see, Constellium is performing better than its sector in the calendar year.
Another Industrial Products stock, which has outperformed the sector so far this year, is Distribution Solutions Group (DSGR). The stock has returned 26.5% year-to-date.
For Distribution Solutions Group, the consensus EPS estimate for the current year has increased 3.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Constellium belongs to the Metal Products - Distribution industry, a group that includes 5 individual companies and currently sits at #66 in the Zacks Industry Rank. On average, stocks in this group have gained 0.6% this year, meaning that CSTM is performing better in terms of year-to-date returns.
In contrast, Distribution Solutions Group falls under the Industrial Services industry. Currently, this industry has 16 stocks and is ranked #179. Since the beginning of the year, the industry has moved +11%.
Investors with an interest in Industrial Products stocks should continue to track Constellium and Distribution Solutions Group. These stocks will be looking to continue their solid performance.
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Constellium SE (CSTM): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).