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Has Aperam (APEMY) Outpaced Other Basic Materials Stocks This Year?

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The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Aperam (APEMY) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.

Aperam is a member of the Basic Materials sector. This group includes 243 individual stocks and currently holds a Zacks Sector Rank of #5. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Aperam is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for APEMY's full-year earnings has moved 27.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the most recent data, APEMY has returned 5.5% so far this year. In comparison, Basic Materials companies have returned an average of 2.4%. This shows that Aperam is outperforming its peers so far this year.

Another stock in the Basic Materials sector, Cabot (CBT), has outperformed the sector so far this year. The stock's year-to-date return is 31.9%.

Over the past three months, Cabot's consensus EPS estimate for the current year has increased 6.8%. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, Aperam belongs to the Steel - Producers industry, which includes 23 individual stocks and currently sits at #43 in the Zacks Industry Rank. On average, stocks in this group have gained 0.4% this year, meaning that APEMY is performing better in terms of year-to-date returns.

In contrast, Cabot falls under the Chemical - Diversified industry. Currently, this industry has 40 stocks and is ranked #99. Since the beginning of the year, the industry has moved -5.4%.

Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Aperam and Cabot as they could maintain their solid performance.


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