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Is National Steel (SID) Stock Outpacing Its Basic Materials Peers This Year?

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Investors focused on the Basic Materials space have likely heard of National Steel (SID), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

National Steel is one of 251 individual stocks in the Basic Materials sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. SID is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for SID's full-year earnings has moved 151.53% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Our latest available data shows that SID has returned about 51.76% since the start of the calendar year. In comparison, Basic Materials companies have returned an average of 19.86%. This means that National Steel is outperforming the sector as a whole this year.

To break things down more, SID belongs to the Steel - Producers industry, a group that includes 24 individual companies and currently sits at #13 in the Zacks Industry Rank. Stocks in this group have gained about 46.74% so far this year, so SID is performing better this group in terms of year-to-date returns.

Investors in the Basic Materials sector will want to keep a close eye on SID as it attempts to continue its solid performance.


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