Is DXP Enterprises (DXPE) Outperforming Other Industrial Products Stocks This Year?

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 DXP Enterprises (DXPE) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.DXP Enterprises is a member of our Industrial Products group, which includes 187 different companies and currently sits at #6 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. DXP Enterprises is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for DXPE's full-year earnings has moved 0.1% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.According to our latest data, DXPE has moved about 32.4% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of 5.5%. As we can see, DXP Enterprises is performing better than its sector in the calendar year.Another Industrial Products stock, which has outperformed the sector so far this year, is Andritz (ADRZY). The stock has returned 49.7% year-to-date.In Andritz's case, the consensus EPS estimate for the current year increased 3.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Breaking things down more, DXP Enterprises is a member of the Manufacturing - General Industrial industry, which includes 41 individual companies and currently sits at #99 in the Zacks Industry Rank. On average, this group has gained an average of 8.1% so far this year, meaning that DXPE is performing better in terms of year-to-date returns. Andritz, however, belongs to the Industrial Services industry. Currently, this 18-stock industry is ranked #207. The industry has moved +1.1% so far this year.DXP Enterprises and Andritz could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.Zacks' Research Chief Picks Stock Most Likely to "At Least Double"Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren’t winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%.See Our Top Stock to Double (Plus 4 Runners Up) >>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 DXP Enterprises, Inc. (DXPE): Free Stock Analysis Report Andritz (ADRZY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks