Technology

Is Advanced Emissions Solutions (ADES) Outperforming Other Industrial Products Stocks This Year?

Investors focused on the Industrial Products space have likely heard of Advanced Emissions Solutions (ADES), but is the stock performing well in comparison to the rest of its sector peers? 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.

Advanced Emissions Solutions is one of 215 individual stocks in the Industrial Products sector. Collectively, these companies sit at #12 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ADES is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for ADES's full-year earnings has moved 35.60% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, ADES has moved about 7.11% on a year-to-date basis. At the same time, Industrial Products stocks have gained an average of 20.69%. As we can see, Advanced Emissions Solutions is performing better than its sector in the calendar year.

Looking more specifically, ADES belongs to the Pollution Control industry, which includes 14 individual stocks and currently sits at #25 in the Zacks Industry Rank. Stocks in this group have gained about 25.35% so far this year, so ADES is slightly underperforming its industry this group in terms of year-to-date returns.

Going forward, investors interested in Industrial Products stocks should continue to pay close attention to ADES as it looks to continue its solid performance.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.