Is Carpenter Technology (CRS) Stock Outpacing Its Basic Materials Peers This Year?

The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Carpenter Technology (CRS) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.Carpenter Technology is one of 232 individual stocks in the Basic Materials sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.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. Carpenter Technology is currently sporting a Zacks Rank of #2 (Buy).Over the past three months, the Zacks Consensus Estimate for CRS' full-year earnings has moved 3.1% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Based on the latest available data, CRS has gained about 9.7% so far this year. Meanwhile, stocks in the Basic Materials group have gained about 7.8% on average. This means that Carpenter Technology is performing better than its sector in terms of year-to-date returns.Another Basic Materials stock, which has outperformed the sector so far this year, is Yara International ASA (YARIY). The stock has returned 22% year-to-date.Over the past three months, Yara International ASA's consensus EPS estimate for the current year has increased 6%. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Carpenter Technology belongs to the Steel - Speciality industry, a group that includes 5 individual stocks and currently sits at #47 in the Zacks Industry Rank. On average, this group has gained an average of 1% so far this year, meaning that CRS is performing better in terms of year-to-date returns.On the other hand, Yara International ASA belongs to the Fertilizers industry. This 8-stock industry is currently ranked #31. The industry has moved +8.1% year to date.Investors interested in the Basic Materials sector may want to keep a close eye on Carpenter Technology and Yara International ASA as they attempt to continue their solid performance.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>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 Carpenter Technology Corporation (CRS): Free Stock Analysis Report Yara International ASA (YARIY): 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