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Is ELEMENTIS (ELMTY) Outperforming Other Basic Materials Stocks This Year?
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Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. ELEMENTIS (ELMTY - 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.
ELEMENTIS is a member of our Basic Materials group, which includes 237 different companies and currently sits at #15 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. ELEMENTIS is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ELMTY's full-year earnings has moved 18.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ELMTY has returned 15.7% so far this year. Meanwhile, stocks in the Basic Materials group have lost about 2.5% on average. This shows that ELEMENTIS is outperforming its peers so far this year.
Another Basic Materials stock, which has outperformed the sector so far this year, is L.B. Foster (FSTR - Free Report) . The stock has returned 2.1% year-to-date.
For L.B. Foster, the consensus EPS estimate for the current year has increased 1.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, ELEMENTIS is a member of the Chemical - Specialty industry, which includes 33 individual companies and currently sits at #151 in the Zacks Industry Rank. On average, stocks in this group have gained 9.4% this year, meaning that ELMTY is performing better in terms of year-to-date returns.
On the other hand, L.B. Foster belongs to the Steel - Producers industry. This 21-stock industry is currently ranked #164. The industry has moved -2.4% year to date.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to ELEMENTIS and L.B. Foster as they could maintain their solid performance.
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Is ELEMENTIS (ELMTY) Outperforming Other Basic Materials Stocks This Year?
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. ELEMENTIS (ELMTY - 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.
ELEMENTIS is a member of our Basic Materials group, which includes 237 different companies and currently sits at #15 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. ELEMENTIS is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ELMTY's full-year earnings has moved 18.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ELMTY has returned 15.7% so far this year. Meanwhile, stocks in the Basic Materials group have lost about 2.5% on average. This shows that ELEMENTIS is outperforming its peers so far this year.
Another Basic Materials stock, which has outperformed the sector so far this year, is L.B. Foster (FSTR - Free Report) . The stock has returned 2.1% year-to-date.
For L.B. Foster, the consensus EPS estimate for the current year has increased 1.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, ELEMENTIS is a member of the Chemical - Specialty industry, which includes 33 individual companies and currently sits at #151 in the Zacks Industry Rank. On average, stocks in this group have gained 9.4% this year, meaning that ELMTY is performing better in terms of year-to-date returns.
On the other hand, L.B. Foster belongs to the Steel - Producers industry. This 21-stock industry is currently ranked #164. The industry has moved -2.4% year to date.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to ELEMENTIS and L.B. Foster as they could maintain their solid performance.