Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has Distribution Solutions Group (DSGR) been one of those stocks this year? 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.
Distribution Solutions Group is a member of our Industrial Products group, which includes 186 different companies and currently sits at #5 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. Distribution Solutions Group is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for DSGR's full-year earnings has moved 3.1% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, DSGR has returned 26.8% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 16.3% on average. This shows that Distribution Solutions Group is outperforming its peers so far this year.
One other Industrial Products stock that has outperformed the sector so far this year is Stanley Black & Decker (SWK). The stock is up 34.4% year-to-date.
For Stanley Black & Decker, the consensus EPS estimate for the current year has increased 4.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Distribution Solutions Group belongs to the Industrial Services industry, which includes 16 individual stocks and currently sits at #185 in the Zacks Industry Rank. Stocks in this group have gained about 11.9% so far this year, so DSGR is performing better this group in terms of year-to-date returns.
Stanley Black & Decker, however, belongs to the Manufacturing - Tools & Related Products industry. Currently, this 8-stock industry is ranked #85. The industry has moved +12.6% so far this year.
Investors interested in the Industrial Products sector may want to keep a close eye on Distribution Solutions Group and Stanley Black & Decker as they attempt to continue their solid performance.
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