Is DXP Enterprises (DXPE) Stock Outpacing Its Industrial Products Peers 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. Has DXP Enterprises (DXPE) been one of those stocks this year? 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 190 different companies and currently sits at #9 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. DXP Enterprises is currently sporting a Zacks Rank of #2 (Buy).Within the past quarter, the Zacks Consensus Estimate for DXPE's full-year earnings has moved 0.4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.According to our latest data, DXPE has moved about 12.1% on a year-to-date basis. At the same time, Industrial Products stocks have gained an average of 6.4%. This means that DXP Enterprises is outperforming the sector as a whole this year.One other Industrial Products stock that has outperformed the sector so far this year is Ardagh Metal Packaging S.A. (AMBP). The stock is up 56.2% year-to-date.The consensus estimate for Ardagh Metal Packaging S.A.'s current year EPS has increased 13.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).To break things down more, DXP Enterprises belongs to the Manufacturing - General Industrial industry, a group that includes 41 individual companies and currently sits at #74 in the Zacks Industry Rank. This group has gained an average of 6.5% so far this year, so DXPE is performing better in this area. Ardagh Metal Packaging S.A., however, belongs to the Metal Products - Procurement and Fabrication industry. Currently, this 8-stock industry is ranked #90. The industry has moved +9.2% so far this year.Investors interested in the Industrial Products sector may want to keep a close eye on DXP Enterprises and Ardagh Metal Packaging S.A. as they attempt to continue their solid performance.Higher. Faster. Sooner. Buy These Stocks NowA small number of stocks are primed for a breakout, and you have a chance to get in before they take off.At any given time, there are only 220 Zacks Rank #1 Strong Buys. On average, this list more than doubles the S&P 500. We’ve combed through the latest Strong Buys and selected 7 compelling companies likely to jump sooner and climb higher than any other stock you could buy this month.You'll learn everything you need to know about these exciting trades in our brand-new Special Report, 7 Best Stocks for the Next 30 Days.Download the report free now >>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 Ardagh Metal Packaging S.A. (AMBP): 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