Has Epiroc Aktiebolag (EPOKY) outperformed other industrial stocks this year?

Industrial Products Group has plenty of great stocks, but investors should always look for companies that are outperforming their peers. Epiroc Aktiebolag Unsponsored ADR (EPOKY) is a stock that could certainly attract the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock’s year-to-date performance compared to other companies in the industrial products industry, we may be able to answer this question.

Epiroc Aktiebolag Unsponsored ADR is a member of our Industrial Products group, which includes 217 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

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 forecasts. Epiroc Aktiebolag Unsponsored ADR is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for EPOKY’s full-year earnings has increased 10.6% over the past quarter. This means that analyst sentiment is improving and the company’s earnings outlook is more positive.

Our latest available data shows that EPOKY has returned approximately 1.4% since the beginning of the calendar year. Meanwhile, the industrial products sector returned an average of 0.3% year over year. This shows that Epiroc Aktiebolag Unsponsored ADR is performing better than other companies this year.

Franklin Electric (FELE) is another industrial products stock that has outperformed the industry this year. Since the beginning of the year, the share price has increased by 18.5%.

Over the past three months, Franklin Electric’s consensus EPS for the current year has increased by 3.7%. The stock currently has a Zacks Rank of #2 (Buy).

More specifically, Epiroc Aktiebolag Unsponsored ADR belongs to the Manufacturing – General Industrial industry, a group that includes 37 individual companies and currently sits at #34 in the Zacks Industry Rank. Shares in this group have gained about 5.1% so far this year, so EPOKY is slightly underperforming its industry in this group in terms of year-to-date profitability.

Franklin Electric belongs to the Manufacturing – Electronics industry. Currently, this 17-company industry ranks 33rd. The industry has moved +3% so far this year.

Going forward, investors interested in industrial products stocks should continue to pay close attention to Epiroc Aktiebolag Unsponsored ADR and Franklin Electric as they are poised to maintain solid performance.

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