Is Suzano (SUZ) Stock Outpacing Its Basic Materials Peers This Year?
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Suzano S.A. Sponsored ADR (SUZ) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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.
Suzano S.A. Sponsored ADR is one of 236 companies in the Basic Materials group. The Basic Materials group currently sits at #15 within 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Suzano S.A. Sponsored ADR is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for SUZ's full-year earnings has moved 17% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, SUZ has gained about 1.5% so far this year. In comparison, Basic Materials companies have returned an average of -6%. As we can see, Suzano S.A. Sponsored ADR is performing better than its sector in the calendar year.
Another stock in the Basic Materials sector, Uranium Energy (UEC), has outperformed the sector so far this year. The stock's year-to-date return is 4.1%.
Over the past three months, Uranium Energy's consensus EPS estimate for the current year has increased 57.1%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Suzano S.A. Sponsored ADR is a member of the Paper and Related Products industry, which includes 12 individual companies and currently sits at #18 in the Zacks Industry Rank. On average, stocks in this group have gained 2.3% this year, meaning that SUZ is slightly underperforming its industry in terms of year-to-date returns.
In contrast, Uranium Energy falls under the Mining - Miscellaneous industry. Currently, this industry has 56 stocks and is ranked #147. Since the beginning of the year, the industry has moved -14.3%.
Investors interested in the Basic Materials sector may want to keep a close eye on Suzano S.A. Sponsored ADR and Uranium Energy as they attempt to continue their solid performance.
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Suzano S.A. Sponsored ADR (SUZ) : Free Stock Analysis Report
Uranium Energy Corp. (UEC) : Free Stock Analysis Report
