Is Emerson Electric (EMR) Stock Outpacing Its Industrial Products Peers This Year?
Investors focused on the Industrial Products space have likely heard of Emerson Electric (EMR), but is the stock performing well in comparison to the rest of its sector peers? 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.
Emerson Electric is a member of the Industrial Products sector. This group includes 208 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. EMR is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for EMR's full-year earnings has moved 1.85% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that EMR has returned about 1.87% since the start of the calendar year. Meanwhile, the Industrial Products sector has returned an average of -8.43% on a year-to-date basis. This shows that Emerson Electric is outperforming its peers so far this year.
Looking more specifically, EMR belongs to the Manufacturing - Electronics industry, a group that includes 20 individual stocks and currently sits at #99 in the Zacks Industry Rank. This group has lost an average of 4.51% so far this year, so EMR is performing better in this area.
Investors in the Industrial Products sector will want to keep a close eye on EMR as it attempts to continue its solid performance.
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