Is Kronos Worldwide (KRO) Stock Outpacing Its Basic Materials Peers This Year?
The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Kronos Worldwide (KRO) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Kronos Worldwide 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. Kronos Worldwide is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for KRO's full-year earnings has moved 60.9% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, KRO has moved about 15.7% on a year-to-date basis. Meanwhile, stocks in the Basic Materials group have lost about 14.2% on average. This shows that Kronos Worldwide is outperforming its peers so far this year.
TimkenSteel (TMST) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 1.7%.
Over the past three months, TimkenSteel's consensus EPS estimate for the current year has increased 16.9%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Kronos Worldwide belongs to the Chemical - Diversified industry, a group that includes 36 individual companies and currently sits at #73 in the Zacks Industry Rank. This group has lost an average of 17.7% so far this year, so KRO is performing better in this area.
TimkenSteel, however, belongs to the Steel - Producers industry. Currently, this 24-stock industry is ranked #61. The industry has moved -11.2% so far this year.
Investors interested in the Basic Materials sector may want to keep a close eye on Kronos Worldwide and TimkenSteel as they attempt to continue their solid performance.
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