Is Century Aluminum (CENX) Stock Outpacing Its Industrial Products Peers This Year?

Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is Century Aluminum (CENX) 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.

Century Aluminum is a member of our Industrial Products group, which includes 179 different companies and currently sits at #7 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. Century Aluminum is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for CENX's full-year earnings has moved 42.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, CENX has gained about 34.4% so far this year. At the same time, Industrial Products stocks have gained an average of 19.8%. This means that Century Aluminum is outperforming the sector as a whole this year.

Another Industrial Products stock, which has outperformed the sector so far this year, is Constellium (CSTM). The stock has returned 35% year-to-date.

The consensus estimate for Constellium's current year EPS has increased 20.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, Century Aluminum belongs to the Metal Products - Procurement and Fabrication industry, which includes 6 individual stocks and currently sits at #27 in the Zacks Industry Rank. On average, stocks in this group have gained 10.9% this year, meaning that CENX is performing better in terms of year-to-date returns.

In contrast, Constellium falls under the Metal Products - Distribution industry. Currently, this industry has 3 stocks and is ranked #15. Since the beginning of the year, the industry has moved +16.9%.

Investors with an interest in Industrial Products stocks should continue to track Century Aluminum and Constellium. These stocks will be looking to continue their solid performance.

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This article originally published on Zacks Investment Research (zacks.com).

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