Yahoo Finance Is Komatsu (KMTUY) Stock Outpacing Its Industrial Products Peers This Year?
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Komatsu Ltd. (KMTUY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Komatsu Ltd. is a member of our Industrial Products group, which includes 226 different companies and currently sits at #3 in 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. Komatsu Ltd. is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for KMTUY's full-year earnings has moved 3.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, KMTUY has gained about 18.7% so far this year. At the same time, Industrial Products stocks have gained an average of 6.7%. As we can see, Komatsu Ltd. is performing better than its sector in the calendar year.
Another stock in the Industrial Products sector, Parker-Hannifin (PH), has outperformed the sector so far this year. The stock's year-to-date return is 15.3%.
Over the past three months, Parker-Hannifin's consensus EPS estimate for the current year has increased 4.3%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Komatsu Ltd. belongs to the Manufacturing - Construction and Mining industry, which includes 7 individual stocks and currently sits at #46 in the Zacks Industry Rank. This group has gained an average of 13.4% so far this year, so KMTUY is performing better in this area.
In contrast, Parker-Hannifin falls under the Manufacturing - General Industrial industry. Currently, this industry has 43 stocks and is ranked #73. Since the beginning of the year, the industry has moved +7.1%.
Komatsu Ltd. and Parker-Hannifin could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
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Komatsu Ltd. (KMTUY) : Free Stock Analysis Report
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