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Investors focused on the Industrial Products space have likely heard of DMC Global (BOOM), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
DMC Global is one of 215 individual stocks in the Industrial Products sector. Collectively, these companies sit at #14 in 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. BOOM is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for BOOM's full-year earnings has moved 58.19% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, BOOM has gained about 90.52% so far this year. In comparison, Industrial Products companies have returned an average of 11.68%. This shows that DMC Global is outperforming its peers so far this year.
Looking more specifically, BOOM belongs to the Industrial Services industry, a group that includes 16 individual stocks and currently sits at #155 in the Zacks Industry Rank. On average, stocks in this group have gained 2.07% this year, meaning that BOOM is performing better in terms of year-to-date returns.
Investors in the Industrial Products sector will want to keep a close eye on BOOM as it attempts to continue its solid performance.
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