We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 Century Aluminum (CENX) 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. Century Aluminum (CENX - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Century Aluminum is a member of the Industrial Products sector. This group includes 213 individual stocks and currently holds a Zacks Sector Rank of #13. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Century Aluminum is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CENX's full-year earnings has moved 700% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, CENX has gained about 82.5% so far this year. At the same time, Industrial Products stocks have gained an average of 21%. This means that Century Aluminum is performing better than its sector in terms of year-to-date returns.
Kawasaki Heavy Industries Ltd. (KWHIY - Free Report) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 102.8%.
The consensus estimate for Kawasaki Heavy Industries Ltd.'s current year EPS has increased 7.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Century Aluminum belongs to the Metal Products - Procurement and Fabrication industry, a group that includes 11 individual stocks and currently sits at #73 in the Zacks Industry Rank. On average, this group has gained an average of 56% so far this year, meaning that CENX is performing better in terms of year-to-date returns.
In contrast, Kawasaki Heavy Industries Ltd. falls under the Manufacturing - General Industrial industry. Currently, this industry has 42 stocks and is ranked #142. Since the beginning of the year, the industry has moved +19.9%.
Century Aluminum and Kawasaki Heavy Industries Ltd. 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 Century Aluminum (CENX) 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. Century Aluminum (CENX - 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Century Aluminum is a member of the Industrial Products sector. This group includes 213 individual stocks and currently holds a Zacks Sector Rank of #13. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Century Aluminum is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CENX's full-year earnings has moved 700% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, CENX has gained about 82.5% so far this year. At the same time, Industrial Products stocks have gained an average of 21%. This means that Century Aluminum is performing better than its sector in terms of year-to-date returns.
Kawasaki Heavy Industries Ltd. (KWHIY - Free Report) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 102.8%.
The consensus estimate for Kawasaki Heavy Industries Ltd.'s current year EPS has increased 7.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Century Aluminum belongs to the Metal Products - Procurement and Fabrication industry, a group that includes 11 individual stocks and currently sits at #73 in the Zacks Industry Rank. On average, this group has gained an average of 56% so far this year, meaning that CENX is performing better in terms of year-to-date returns.
In contrast, Kawasaki Heavy Industries Ltd. falls under the Manufacturing - General Industrial industry. Currently, this industry has 42 stocks and is ranked #142. Since the beginning of the year, the industry has moved +19.9%.
Century Aluminum and Kawasaki Heavy Industries Ltd. could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.