Is Bunzl (BZLFY) Stock Outpacing Its Conglomerates Peers This Year?

For those looking to find strong Conglomerates stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Bunzl PLC (BZLFY) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Conglomerates sector should help us answer this question.Bunzl PLC is one of 24 companies in the Conglomerates group. The Conglomerates group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.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. Bunzl PLC is currently sporting a Zacks Rank of #2 (Buy).Within the past quarter, the Zacks Consensus Estimate for BZLFY's full-year earnings has moved 6.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.Based on the most recent data, BZLFY has returned 7.7% so far this year. Meanwhile, stocks in the Conglomerates group have lost about 8% on average. This means that Bunzl PLC is outperforming the sector as a whole this year.Federal Signal (FSS) is another Conglomerates stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 24.9%.In Federal Signal's case, the consensus EPS estimate for the current year increased 3.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Bunzl PLC belongs to the Diversified Operations industry, a group that includes 24 individual stocks and currently sits at #153 in the Zacks Industry Rank. On average, this group has lost an average of 8% so far this year, meaning that BZLFY is performing better in terms of year-to-date returns. Federal Signal is also part of the same industry.Going forward, investors interested in Conglomerates stocks should continue to pay close attention to Bunzl PLC and Federal Signal as they could maintain their solid performance.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant 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 Bunzl PLC (BZLFY): Free Stock Analysis Report Federal Signal Corporation (FSS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks