Are Industrial Products Stocks Lagging Keyence (KYCCF) This Year?
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is Keyence Corporation (KYCCF) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Keyence Corporation is one of 189 companies in the Industrial Products group. The Industrial Products group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Keyence Corporation is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for KYCCF's full-year earnings has moved 17.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, KYCCF has gained about 40.1% so far this year. In comparison, Industrial Products companies have returned an average of 12.4%. This means that Keyence Corporation is performing better than its sector in terms of year-to-date returns.
Another Industrial Products stock, which has outperformed the sector so far this year, is Emerson Electric (EMR). The stock has returned 19.9% year-to-date.
In Emerson Electric's case, the consensus EPS estimate for the current year increased 1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Keyence Corporation is a member of the Manufacturing - General Industrial industry, which includes 43 individual companies and currently sits at #79 in the Zacks Industry Rank. This group has gained an average of 0.9% so far this year, so KYCCF is performing better in this area.
In contrast, Emerson Electric falls under the Manufacturing - Electronics industry. Currently, this industry has 14 stocks and is ranked #79. Since the beginning of the year, the industry has moved +25.9%.
Investors with an interest in Industrial Products stocks should continue to track Keyence Corporation and Emerson Electric. These stocks will be looking to continue their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).
