The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Ardagh Metal Packaging S.A. (AMBP) been one of those stocks this year? 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.
Ardagh Metal Packaging S.A. is one of 189 individual stocks in the Industrial Products sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Ardagh Metal Packaging S.A. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AMBP's full-year earnings has moved 7.4% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, AMBP has gained about 13.9% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 10.9% on average. This shows that Ardagh Metal Packaging S.A. is outperforming its peers so far this year.
Constellium (CSTM) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 35.1%.
For Constellium, the consensus EPS estimate for the current year has increased 11.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Ardagh Metal Packaging S.A. belongs to the Containers - Metal and Glass industry, a group that includes 4 individual stocks and currently sits at #23 in the Zacks Industry Rank. On average, this group has gained an average of 10% so far this year, meaning that AMBP is performing better in terms of year-to-date returns.
Constellium, however, belongs to the Metal Products - Distribution industry. Currently, this 5-stock industry is ranked #65. The industry has moved -19.3% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on Ardagh Metal Packaging S.A. and Constellium as they attempt to continue their solid performance.
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
Ardagh Metal Packaging S.A. (AMBP): Free Stock Analysis Report
Constellium SE (CSTM): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).