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.
Are Industrial Products Stocks Lagging DXP Enterprises (DXPE) 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. Is DXP Enterprises (DXPE - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
DXP Enterprises is one of 213 companies in the Industrial Products group. The Industrial Products group currently sits at #13 within 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 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. DXP Enterprises is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for DXPE's full-year earnings has moved 14.3% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, DXPE has returned 137.1% so far this year. Meanwhile, the Industrial Products sector has returned an average of 9.7% on a year-to-date basis. As we can see, DXP Enterprises is performing better than its sector in the calendar year.
Research Solutions Inc. (RSSS - 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 49.2%.
Over the past three months, Research Solutions Inc.'s consensus EPS estimate for the current year has increased 200%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, DXP Enterprises belongs to the Manufacturing - General Industrial industry, a group that includes 42 individual stocks and currently sits at #177 in the Zacks Industry Rank. Stocks in this group have gained about 9.3% so far this year, so DXPE is performing better this group in terms of year-to-date returns.
Research Solutions Inc. however, belongs to the Commercial Printing industry. Currently, this 4-stock industry is ranked #3. The industry has moved +36.1% so far this year.
DXP Enterprises and Research Solutions Inc. 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
Are Industrial Products Stocks Lagging DXP Enterprises (DXPE) 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. Is DXP Enterprises (DXPE - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
DXP Enterprises is one of 213 companies in the Industrial Products group. The Industrial Products group currently sits at #13 within 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 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. DXP Enterprises is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for DXPE's full-year earnings has moved 14.3% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, DXPE has returned 137.1% so far this year. Meanwhile, the Industrial Products sector has returned an average of 9.7% on a year-to-date basis. As we can see, DXP Enterprises is performing better than its sector in the calendar year.
Research Solutions Inc. (RSSS - 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 49.2%.
Over the past three months, Research Solutions Inc.'s consensus EPS estimate for the current year has increased 200%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, DXP Enterprises belongs to the Manufacturing - General Industrial industry, a group that includes 42 individual stocks and currently sits at #177 in the Zacks Industry Rank. Stocks in this group have gained about 9.3% so far this year, so DXPE is performing better this group in terms of year-to-date returns.
Research Solutions Inc. however, belongs to the Commercial Printing industry. Currently, this 4-stock industry is ranked #3. The industry has moved +36.1% so far this year.
DXP Enterprises and Research Solutions Inc. could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.