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Has Ternium (TX) Outpaced Other Basic Materials Stocks This Year?
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Investors focused on the Basic Materials space have likely heard of Ternium (TX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.
Ternium is one of 251 companies in the Basic Materials group. The Basic Materials group currently sits at #7 within 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 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. TX is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for TX's full-year earnings has moved 43.26% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that TX has returned about 89.10% since the start of the calendar year. Meanwhile, the Basic Materials sector has returned an average of 10.92% on a year-to-date basis. This means that Ternium is outperforming the sector as a whole this year.
Breaking things down more, TX is a member of the Steel - Producers industry, which includes 24 individual companies and currently sits at #18 in the Zacks Industry Rank. On average, this group has gained an average of 57.46% so far this year, meaning that TX is performing better in terms of year-to-date returns.
Investors in the Basic Materials sector will want to keep a close eye on TX as it attempts to continue its solid performance.
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Has Ternium (TX) Outpaced Other Basic Materials Stocks This Year?
Investors focused on the Basic Materials space have likely heard of Ternium (TX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.
Ternium is one of 251 companies in the Basic Materials group. The Basic Materials group currently sits at #7 within 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 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. TX is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for TX's full-year earnings has moved 43.26% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that TX has returned about 89.10% since the start of the calendar year. Meanwhile, the Basic Materials sector has returned an average of 10.92% on a year-to-date basis. This means that Ternium is outperforming the sector as a whole this year.
Breaking things down more, TX is a member of the Steel - Producers industry, which includes 24 individual companies and currently sits at #18 in the Zacks Industry Rank. On average, this group has gained an average of 57.46% so far this year, meaning that TX is performing better in terms of year-to-date returns.
Investors in the Basic Materials sector will want to keep a close eye on TX as it attempts to continue its solid performance.