The Conglomerates group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Federal Signal (FSS) 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 Conglomerates sector should help us answer this question.
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Learn More Powered by Money.com - Yahoo may earn commission from the links above.Federal Signal is a member of our Conglomerates group, which includes 16 different companies and currently sits at #5 in 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Federal Signal is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for FSS' full-year earnings has moved 1.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, FSS has gained about 18.4% so far this year. In comparison, Conglomerates companies have returned an average of 6.2%. This shows that Federal Signal is outperforming its peers so far this year.
Mitsubishi Corp. (MSBHF) is another Conglomerates stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 23.4%.
For Mitsubishi Corp., the consensus EPS estimate for the current year has increased 7.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Federal Signal belongs to the Diversified Operations industry, a group that includes 16 individual companies and currently sits at #83 in the Zacks Industry Rank. On average, this group has gained an average of 6.2% so far this year, meaning that FSS is performing better in terms of year-to-date returns. Mitsubishi Corp. is also part of the same industry.
Investors with an interest in Conglomerates stocks should continue to track Federal Signal and Mitsubishi Corp.. These stocks will be looking to continue their solid performance.
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Federal Signal Corporation (FSS) : Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
Has the year so far seen Federal Signal (FSS) outpace its fellow conglomerates in stock performance, demonstrating a resilience and growth adaptability beyond some of its industry peers?
Fedural Signal (FSS) has not only kept pace but clearly outperformed several other leading conglomerates stocks this year, ascending to the ranks of notable success through its strategic reposition and consistent revenue growth amidst market volatility.
While Federal Signal (FSS) has outperformed the majority of conglomerates in this year's stock market gains, significant comparisons to not only other industry stalwart peers but also broader equity markets are required for a comprehensive performance assessment.
This year, Federal Signal (FSS) appears to have significantly outpaced other conglomerates in terms of stock performance. Given its steady revenue growth and solid financial health amid an overall volatility among the sector's stocks.
It is evident from analysis that Federal Signal (FSS), despite market volatility, has outperformed several other conglomerates stocks this year.
Has Federal Signal (FSS) outperformed other conglomerate stocks this year? The evidence suggests a resounding yes, with its consistent quarterly returns and market-beating gains.
