Has Atkore International Group (ATKR) Outpaced Other Industrial Products Stocks This Year?

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For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Atkore International Group (ATKR) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.

Atkore International Group is a member of our Industrial Products group, which includes 205 different companies and currently sits at #8 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 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. ATKR is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for ATKR's full-year earnings has moved 12.16% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, ATKR has gained about 10.68% so far this year. At the same time, Industrial Products stocks have lost an average of 11.41%. This means that Atkore International Group is performing better than its sector in terms of year-to-date returns.

To break things down more, ATKR belongs to the Wire and Cable Products industry, a group that includes 3 individual companies and currently sits at #5 in the Zacks Industry Rank. Stocks in this group have lost about 6.59% so far this year, so ATKR is performing better this group in terms of year-to-date returns.

ATKR will likely be looking to continue its solid performance, so investors interested Industrial Products stocks should continue to pay close attention to the company.


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