Has Advanced Emissions Solutions (ADES) Outpaced Other Industrial Products Stocks This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Advanced Emissions Solutions (ADES) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Advanced Emissions Solutions is one of 208 individual stocks in the Industrial Products sector. Collectively, these companies sit at #7 in 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. ADES is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ADES's full-year earnings has moved 17.35% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ADES has moved about 16.25% on a year-to-date basis. At the same time, Industrial Products stocks have lost an average of 7.88%. As we can see, Advanced Emissions Solutions is performing better than its sector in the calendar year.
Breaking things down more, ADES is a member of the Pollution Control industry, which includes 14 individual companies and currently sits at #56 in the Zacks Industry Rank. Stocks in this group have gained about 12.15% so far this year, so ADES is performing better this group in terms of year-to-date returns.
Investors in the Industrial Products sector will want to keep a close eye on ADES as it attempts to continue its solid performance.
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