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Is Cintas (CTAS) Outperforming Other Industrial Products Stocks This Year?

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Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is Cintas (CTAS) 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.

Cintas is one of 205 individual stocks in the Industrial Products sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

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. CTAS is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for CTAS's full-year earnings has moved 2.20% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the most recent data, CTAS has returned 11.46% so far this year. At the same time, Industrial Products stocks have lost an average of 17.83%. As we can see, Cintas is performing better than its sector in the calendar year.

Breaking things down more, CTAS is a member of the Uniform and Related industry, which includes 3 individual companies and currently sits at #109 in the Zacks Industry Rank. This group has gained an average of 6.90% so far this year, so CTAS is performing better in this area.

Investors in the Industrial Products sector will want to keep a close eye on CTAS as it attempts 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.


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

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