Is AZZ (AZZ) Stock Outpacing Its Industrial Products Peers This Year?

The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is AZZ (AZZ) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.AZZ is a member of the Industrial Products sector. This group includes 200 individual stocks and currently holds a Zacks Sector Rank of #13. 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 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. AZZ is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for AZZ's full-year earnings has moved 0.5% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Based on the most recent data, AZZ has returned 2.2% so far this year. Meanwhile, the Industrial Products sector has returned an average of -3.6% on a year-to-date basis. This means that AZZ 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 Energy Recovery (ERII). The stock has returned 13.3% year-to-date.For Energy Recovery, the consensus EPS estimate for the current year has increased 6.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, AZZ belongs to the Manufacturing - Electronics industry, which includes 16 individual stocks and currently sits at #35 in the Zacks Industry Rank. Stocks in this group have lost about 9.3% so far this year, so AZZ is performing better this group in terms of year-to-date returns.Energy Recovery, however, belongs to the Pollution Control industry. Currently, this 8-stock industry is ranked #182. The industry has moved -10.6% so far this year.Investors with an interest in Industrial Products stocks should continue to track AZZ and Energy Recovery. These stocks will be looking to continue their solid performance.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>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 AZZ Inc. (AZZ): Free Stock Analysis Report Energy Recovery, Inc. (ERII): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks