Is ESCO Technologies (ESE) Outperforming Other Industrial Products Stocks This Year?
Esco Technologies is one of 189 companies in the Industrial Products group. The Industrial Products group currently sits at #10 within 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 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. Esco Technologies is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ESE's full-year earnings has moved 6.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ESE has returned about 38.2% since the start of the calendar year. Meanwhile, the Industrial Products sector has returned an average of -0.3% on a year-to-date basis. This shows that Esco Technologies is outperforming its peers so far this year.
Another stock in the Industrial Products sector, Kion Group (KIGRY), has outperformed the sector so far this year. The stock's year-to-date return is 51.9%.
Over the past three months, Kion Group's consensus EPS estimate for the current year has increased 25.4%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Esco Technologies belongs to the Manufacturing - Electronics industry, which includes 17 individual stocks and currently sits at #74 in the Zacks Industry Rank. Stocks in this group have lost about 7.2% so far this year, so ESE is performing better this group in terms of year-to-date returns.
In contrast, Kion Group falls under the Industrial Services industry. Currently, this industry has 18 stocks and is ranked #137. Since the beginning of the year, the industry has moved -6.9%.
Investors with an interest in Industrial Products stocks should continue to track Esco Technologies and Kion Group. These stocks will be looking to continue their solid performance.
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ESCO Technologies Inc. (ESE) : Free Stock Analysis Report
Kion Group (KIGRY) : Free Stock Analysis Report
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