The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Vestis (VSTS) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Vestis is a member of the Industrial Products sector. This group includes 186 individual stocks and currently holds a Zacks Sector Rank of #5. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Vestis is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for VSTS' full-year earnings has moved 18.3% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, VSTS has returned 106.5% so far this year. In comparison, Industrial Products companies have returned an average of 11.3%. This shows that Vestis is outperforming its peers so far this year.
Another stock in the Industrial Products sector, Vestas Wind Systems AS (VWDRY), has outperformed the sector so far this year. The stock's year-to-date return is 16.9%.
The consensus estimate for Vestas Wind Systems AS' current year EPS has increased 21.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Vestis belongs to the Uniform and Related industry, a group that includes 2 individual companies and currently sits at #33 in the Zacks Industry Rank. On average, this group has gained an average of 51.8% so far this year, meaning that VSTS is performing better in terms of year-to-date returns.
In contrast, Vestas Wind Systems AS falls under the Manufacturing - Electronics industry. Currently, this industry has 14 stocks and is ranked #75. Since the beginning of the year, the industry has moved +17.8%.
Vestis and Vestas Wind Systems AS 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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Vestis Corporation (VSTS): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).