For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Andritz (ADRZY) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Andritz is a member of our Industrial Products group, which includes 181 different companies and currently sits 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 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. Andritz is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ADRZY's full-year earnings has moved 0.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ADRZY has moved about 17.6% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of 15.2%. As we can see, Andritz is performing better than its sector in the calendar year.
Another stock in the Industrial Products sector, Century Aluminum (CENX), has outperformed the sector so far this year. The stock's year-to-date return is 53.5%.
In Century Aluminum's case, the consensus EPS estimate for the current year increased 41.4% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Andritz is a member of the Industrial Services industry, which includes 16 individual companies and currently sits at #109 in the Zacks Industry Rank. Stocks in this group have gained about 8.5% so far this year, so ADRZY is performing better this group in terms of year-to-date returns.
In contrast, Century Aluminum falls under the Metal Products - Procurement and Fabrication industry. Currently, this industry has 6 stocks and is ranked #19. Since the beginning of the year, the industry has moved +13.1%.
Andritz and Century Aluminum could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
See Stocks Now >>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
Andritz (ADRZY): Free Stock Analysis Report
Century Aluminum Company (CENX): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).