We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Reliance Steel & Aluminum Co. (RS) Outperforming Other Industrial Products Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Reliance Steel (RS - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Reliance Steel is one of 219 individual stocks in the Industrial Products sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Reliance Steel is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for RS' full-year earnings has moved 6.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that RS has returned about 11.1% since the start of the calendar year. In comparison, Industrial Products companies have returned an average of -22.9%. This means that Reliance Steel is outperforming the sector as a whole this year.
Another stock in the Industrial Products sector, Twin Disc (TWIN - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 0.3%.
Over the past three months, Twin Disc's consensus EPS estimate for the current year has increased 5.4%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Reliance Steel belongs to the Metal Products - Distribution industry, which includes 5 individual stocks and currently sits at #87 in the Zacks Industry Rank. On average, stocks in this group have lost 18.8% this year, meaning that RS is performing better in terms of year-to-date returns.
On the other hand, Twin Disc belongs to the Manufacturing - General Industrial industry. This 38-stock industry is currently ranked #169. The industry has moved -24.3% year to date.
Reliance Steel and Twin Disc could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Reliance Steel & Aluminum Co. (RS) Outperforming Other Industrial Products Stocks This Year?
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Reliance Steel (RS - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Reliance Steel is one of 219 individual stocks in the Industrial Products sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Reliance Steel is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for RS' full-year earnings has moved 6.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that RS has returned about 11.1% since the start of the calendar year. In comparison, Industrial Products companies have returned an average of -22.9%. This means that Reliance Steel is outperforming the sector as a whole this year.
Another stock in the Industrial Products sector, Twin Disc (TWIN - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 0.3%.
Over the past three months, Twin Disc's consensus EPS estimate for the current year has increased 5.4%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Reliance Steel belongs to the Metal Products - Distribution industry, which includes 5 individual stocks and currently sits at #87 in the Zacks Industry Rank. On average, stocks in this group have lost 18.8% this year, meaning that RS is performing better in terms of year-to-date returns.
On the other hand, Twin Disc belongs to the Manufacturing - General Industrial industry. This 38-stock industry is currently ranked #169. The industry has moved -24.3% year to date.
Reliance Steel and Twin Disc could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.