Is ENGIE - Sponsored ADR (ENGIY) Stock Outpacing Its Utilities Peers 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. Has ENGIE - Sponsored ADR (ENGIY) been one of those stocks this year? 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 #3 within 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. ENGIE - Sponsored ADR is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for ENGIY's full-year earnings has moved 10.3% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Based on the most recent data, ENGIY has returned 58.8% so far this year. In comparison, Utilities companies have returned an average of 17.2%. This shows that ENGIE - Sponsored ADR is outperforming its peers so far this year.Another Utilities stock, which has outperformed the sector so far this year, is Enel SpA (ENLAY). The stock has returned 42.7% year-to-date.In Enel SpA's case, the consensus EPS estimate for the current year increased 2.5% 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 #70 in the Zacks Industry Rank. On average, stocks in this group have gained 20.5% this year, meaning that ENGIY is performing better in terms of year-to-date returns. Enel SpA is also part of the same industry.ENGIE - Sponsored ADR and Enel SpA could continue their solid performance, so investors interested in Utilities stocks should continue to pay close attention to these stocks.Free Report: Profiting from the 2nd Wave of AI ExplosionThe next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.Investors who bought shares like Nvidia at the right time have had a shot at huge gains.But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.Access AI Boom 2.0 now, absolutely 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 Report Enel SpA (ENLAY): 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