Markets

Is Hitachi (HTHIY) Outperforming Other Conglomerates Stocks This Year?

Investors focused on the Conglomerates space have likely heard of Hitachi (HTHIY), 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 Conglomerates peers, we might be able to answer that question.

Hitachi is one of 22 individual stocks in the Conglomerates sector. Collectively, these companies sit at #10 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. HTHIY is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for HTHIY's full-year earnings has moved 5.61% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that HTHIY has returned about 18.83% since the start of the calendar year. At the same time, Conglomerates stocks have gained an average of 12.14%. As we can see, Hitachi is performing better than its sector in the calendar year.

To break things down more, HTHIY belongs to the Diversified Operations industry, a group that includes 22 individual companies and currently sits at #110 in the Zacks Industry Rank. Stocks in this group have gained about 12.14% so far this year, so HTHIY is performing better this group in terms of year-to-date returns.

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

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

Hitachi Ltd. (HTHIY): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

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.

In This Story

HTHIY

Other Topics

Investing Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More