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.
Has Empresa Distribuidora Y Comercializadora Norte S.A. Edenor (EDN) Outpaced Other Utilities Stocks This Year?
Read MoreHide Full Article
The Utilities group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Empresa (EDN - 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.
Empresa is one of 105 companies in the Utilities group. The Utilities group currently sits at #5 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 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. Empresa is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for EDN's full-year earnings has moved 60.6% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, EDN has moved about 20.2% on a year-to-date basis. Meanwhile, the Utilities sector has returned an average of 14.9% on a year-to-date basis. This means that Empresa is outperforming the sector as a whole this year.
Pampa Energia (PAM - Free Report) is another Utilities stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 19.1%.
For Pampa Energia, the consensus EPS estimate for the current year has increased 20.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Empresa belongs to the Utility - Electric Power industry, a group that includes 59 individual companies and currently sits at #48 in the Zacks Industry Rank. Stocks in this group have gained about 18.7% so far this year, so EDN is performing better this group in terms of year-to-date returns. Pampa Energia is also part of the same industry.
Investors interested in the Utilities sector may want to keep a close eye on Empresa and Pampa Energia as they attempt to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has Empresa Distribuidora Y Comercializadora Norte S.A. Edenor (EDN) Outpaced Other Utilities Stocks This Year?
The Utilities group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Empresa (EDN - 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.
Empresa is one of 105 companies in the Utilities group. The Utilities group currently sits at #5 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 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. Empresa is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for EDN's full-year earnings has moved 60.6% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, EDN has moved about 20.2% on a year-to-date basis. Meanwhile, the Utilities sector has returned an average of 14.9% on a year-to-date basis. This means that Empresa is outperforming the sector as a whole this year.
Pampa Energia (PAM - Free Report) is another Utilities stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 19.1%.
For Pampa Energia, the consensus EPS estimate for the current year has increased 20.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Empresa belongs to the Utility - Electric Power industry, a group that includes 59 individual companies and currently sits at #48 in the Zacks Industry Rank. Stocks in this group have gained about 18.7% so far this year, so EDN is performing better this group in terms of year-to-date returns. Pampa Energia is also part of the same industry.
Investors interested in the Utilities sector may want to keep a close eye on Empresa and Pampa Energia as they attempt to continue their solid performance.