Is Hitachi (HTHIY) Stock Outpacing Its Conglomerates Peers This Year?

Investors interested in Conglomerates stocks should always be looking to find the best-performing companies in the group. Is Hitachi Ltd. (HTHIY) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Conglomerates sector should help us answer this question.Hitachi Ltd. is one of 24 individual stocks in the Conglomerates sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.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. Hitachi Ltd. is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past three months, the Zacks Consensus Estimate for HTHIY's full-year earnings has moved 16.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Our latest available data shows that HTHIY has returned about 63.6% since the start of the calendar year. Meanwhile, the Conglomerates sector has returned an average of -8.2% on a year-to-date basis. As we can see, Hitachi Ltd. is performing better than its sector in the calendar year.Marubeni Corp. (MARUY) is another Conglomerates stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 0.6%.Over the past three months, Marubeni Corp.'s consensus EPS estimate for the current year has increased 5.4%. The stock currently has a Zacks Rank #1 (Strong Buy).Breaking things down more, Hitachi Ltd. is a member of the Diversified Operations industry, which includes 24 individual companies and currently sits at #39 in the Zacks Industry Rank. Stocks in this group have lost about 8.2% so far this year, so HTHIY is performing better this group in terms of year-to-date returns. Marubeni Corp. is also part of the same industry.Hitachi Ltd. and Marubeni Corp. could continue their solid performance, so investors interested in Conglomerates stocks should continue to pay close attention to these stocks.Infrastructure Stock Boom to Sweep AmericaA massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.The only question is “Will you get into the right stocks early when their growth potential is greatest?”Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How To Profit From Trillions On Spending For Infrastructure >>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 Marubeni Corp. (MARUY): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks