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Is Tenaris (TS) Outperforming Other Industrial Products Stocks This Year?
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For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Tenaris S.A. (TS - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Tenaris S.A. is a member of the Industrial Products sector. This group includes 219 individual stocks and currently holds a Zacks Sector Rank of #8. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Tenaris S.A. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for TS' full-year earnings has moved 5.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, TS has returned 58.1% so far this year. In comparison, Industrial Products companies have returned an average of -9%. This means that Tenaris S.A. is performing better than its sector in terms of year-to-date returns.
Encore Wire is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 5.4%.
For Encore Wire, the consensus EPS estimate for the current year has increased 24.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Tenaris S.A. belongs to the Steel - Pipe and Tube industry, a group that includes 4 individual companies and currently sits at #6 in the Zacks Industry Rank. On average, this group has gained an average of 39.2% so far this year, meaning that TS is performing better in terms of year-to-date returns.
On the other hand, Encore Wire belongs to the Wire and Cable Products industry. This 2-stock industry is currently ranked #1. The industry has moved -1% year to date.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Tenaris S.A. and Encore Wire as they could maintain their solid performance.
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Is Tenaris (TS) 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. Has Tenaris S.A. (TS - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Tenaris S.A. is a member of the Industrial Products sector. This group includes 219 individual stocks and currently holds a Zacks Sector Rank of #8. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Tenaris S.A. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for TS' full-year earnings has moved 5.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, TS has returned 58.1% so far this year. In comparison, Industrial Products companies have returned an average of -9%. This means that Tenaris S.A. is performing better than its sector in terms of year-to-date returns.
Encore Wire is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 5.4%.
For Encore Wire, the consensus EPS estimate for the current year has increased 24.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Tenaris S.A. belongs to the Steel - Pipe and Tube industry, a group that includes 4 individual companies and currently sits at #6 in the Zacks Industry Rank. On average, this group has gained an average of 39.2% so far this year, meaning that TS is performing better in terms of year-to-date returns.
On the other hand, Encore Wire belongs to the Wire and Cable Products industry. This 2-stock industry is currently ranked #1. The industry has moved -1% year to date.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Tenaris S.A. and Encore Wire as they could maintain their solid performance.