Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. 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 our Basic Materials group, which includes 275 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Kronos Worldwide is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for KRO's full-year earnings has moved 0.3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that KRO has returned about 41% since the start of the calendar year. At the same time, Basic Materials stocks have gained an average of 9.6%. This shows that Kronos Worldwide is outperforming its peers so far this year.
Another Basic Materials stock, which has outperformed the sector so far this year, is Nucor (NUE). The stock has returned 57.6% year-to-date.
In Nucor's case, the consensus EPS estimate for the current year increased 24.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Kronos Worldwide is a member of the Chemical - Diversified industry, which includes 31 individual companies and currently sits at #142 in the Zacks Industry Rank. Stocks in this group have gained about 18.8% so far this year, so KRO is performing better this group in terms of year-to-date returns.
In contrast, Nucor falls under the Steel - Producers industry. Currently, this industry has 17 stocks and is ranked #61. Since the beginning of the year, the industry has moved +40.9%.
Investors interested in the Basic Materials sector may want to keep a close eye on Kronos Worldwide and Nucor as they attempt to continue their solid performance.
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