Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is RBC Bearings (RBC) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
RBC Bearings is a member of the Industrial Products sector. This group includes 187 individual stocks and currently holds a Zacks Sector Rank of #5. 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 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. RBC Bearings is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for RBC's full-year earnings has moved 0.2% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, RBC has returned 30.5% so far this year. In comparison, Industrial Products companies have returned an average of 17.6%. As we can see, RBC Bearings is performing better than its sector in the calendar year.
Another stock in the Industrial Products sector, Stanley Black & Decker (SWK), has outperformed the sector so far this year. The stock's year-to-date return is 18.7%.
The consensus estimate for Stanley Black & Decker's current year EPS has increased 2.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, RBC Bearings belongs to the Manufacturing - General Industrial industry, a group that includes 41 individual stocks and currently sits at #62 in the Zacks Industry Rank. On average, stocks in this group have gained 5.2% this year, meaning that RBC is performing better in terms of year-to-date returns.
In contrast, Stanley Black & Decker falls under the Manufacturing - Tools & Related Products industry. Currently, this industry has 8 stocks and is ranked #105. Since the beginning of the year, the industry has moved +3.4%.
RBC Bearings and Stanley Black & Decker could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
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RBC Bearings Incorporated (RBC): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).