Has Consolidated Water (CWCO) outperformed other utility stocks this year?

For those looking to find strong utility stocks, it is prudent to look for group companies that outperform their peers. Is Consolidated Water (CWCO) one of those stocks right now? Looking at the stock’s year-to-date performance against its utility peers, we might be able to answer that question.

Consolidated Water is a member of our Utilities group, which includes 108 different companies and is currently ranked 10th in the Zacks industry rankings. The Zacks Sector Ranking assesses the strength of our 16 individual sector groups by measuring the average Zacks Ranking of individual stocks within the groups.

The Zacks ranking emphasizes earnings estimates and estimate revisions to find stocks with improved earnings prospects. This system has a long track record of success, and these stocks tend to be on track to beat the market over the next one to three months. Consolidated Water currently has a Zacks rating of #2 (buy).

Over the past 90 days, the Zacks consensus estimate for CWCO’s full-year earnings rose 12.6%. This shows that analyst sentiment has improved and the company’s earnings outlook is stronger.

Based on the most recent data, the CWCO has returned 26.2% so far this year. In comparison, utilities generated an average return of 0.6%. This means that Consolidated Water has outperformed its sector in terms of year-to-date returns.

DTE Energy (DTE) is another utility stock that has outperformed the sector so far this year. The stock is up 7.7% since the start of the year.

For DTE Energy, the current-year EPS consensus estimate rose 1.9% over the past three months. The stock currently has a Zacks rank #2 (buy).

To break it down further, Consolidated Water belongs to the Utilities – Water Supply industry, a group that comprises 12 individual companies and currently sits at #92 in the Zacks Industry Rank. This group has lost an average of 16.3% so far this year, so the CWCO is performing better in this area.

DTE Energy, however, belongs to the electric power industry. Currently, this 61-stock industry is ranked #156. The industry is up +0.2% so far this year.

Investors interested in utility stocks should continue to follow Consolidated Water and DTE Energy. These stocks will look to continue their strong performance.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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