Is ENGIE - Sponsored ADR (ENGIY) Outperforming Other Utilities Stocks This Year?

For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. ENGIE - Sponsored ADR (ENGIY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.ENGIE - Sponsored ADR is one of 109 companies in the Utilities group. The Utilities group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.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. ENGIE - Sponsored ADR is currently sporting a Zacks Rank of #2 (Buy).Over the past 90 days, the Zacks Consensus Estimate for ENGIY's full-year earnings has moved 5.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Our latest available data shows that ENGIY has returned about 58.7% since the start of the calendar year. At the same time, Utilities stocks have gained an average of 28%. This means that ENGIE - Sponsored ADR is performing better than its sector in terms of year-to-date returns.Sabesp (SBS) is another Utilities stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 86%.In Sabesp's case, the consensus EPS estimate for the current year increased 30.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Breaking things down more, ENGIE - Sponsored ADR is a member of the Utility - Electric Power industry, which includes 59 individual companies and currently sits at #61 in the Zacks Industry Rank. On average, stocks in this group have gained 36.1% this year, meaning that ENGIY is performing better in terms of year-to-date returns. Sabesp, however, belongs to the Utility - Water Supply industry. Currently, this 11-stock industry is ranked #87. The industry has moved +19.3% so far this year.Investors with an interest in Utilities stocks should continue to track ENGIE - Sponsored ADR and Sabesp. These stocks will be looking to continue their solid performance.#1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>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 ENGIE - Sponsored ADR (ENGIY): 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