UK Markets open in 5 hrs 15 mins
  • NIKKEI 225

    26,739.03
    +336.19 (+1.27%)
     
  • HANG SENG

    20,717.24
    +596.56 (+2.96%)
     
  • CRUDE OIL

    110.35
    +0.46 (+0.42%)
     
  • GOLD FUTURES

    1,845.10
    +3.90 (+0.21%)
     
  • DOW

    31,261.90
    +8.77 (+0.03%)
     
  • BTC-GBP

    23,665.26
    +275.00 (+1.18%)
     
  • CMC Crypto 200

    650.34
    -23.03 (-3.42%)
     
  • Nasdaq

    11,354.62
    -33.88 (-0.30%)
     
  • ^FTAS

    4,083.84
    +44.90 (+1.11%)
     

Has Bunge (BG) Outpaced Other Basic Materials Stocks This Year?

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Bunge (BG) one of those stocks right now? 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.

Bunge is a member of our Basic Materials group, which includes 247 different companies and currently sits at #5 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 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. Bunge is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for BG's full-year earnings has moved 25.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, BG has gained about 5.6% so far this year. At the same time, Basic Materials stocks have gained an average of 4.6%. This means that Bunge is performing better than its sector in terms of year-to-date returns.

SQM (SQM) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 10.3%.

For SQM, the consensus EPS estimate for the current year has increased 37.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, Bunge belongs to the Agriculture - Products industry, a group that includes 7 individual stocks and currently sits at #67 in the Zacks Industry Rank. Stocks in this group have gained about 3.3% so far this year, so BG is performing better this group in terms of year-to-date returns.

On the other hand, SQM belongs to the Fertilizers industry. This 7-stock industry is currently ranked #4. The industry has moved +0.5% year to date.

Investors with an interest in Basic Materials stocks should continue to track Bunge and SQM. These stocks will be looking to continue their solid performance.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Bunge Limited (BG) : Free Stock Analysis Report
 
Sociedad Quimica y Minera S.A. (SQM) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting