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Is U.S. Silica Holdings (SLCA) Stock Outpacing Its Basic Materials Peers This Year?

Zacks Equity Research
·2 min read

Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Has Silica Holdings (SLCA) 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 Basic Materials sector should help us answer this question.

Silica Holdings is one of 238 individual stocks in the Basic Materials sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

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. Silica Holdings is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for SLCA's full-year earnings has moved 37.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

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According to our latest data, SLCA has moved about 12.5% on a year-to-date basis. In comparison, Basic Materials companies have returned an average of -17.6%. This shows that Silica Holdings is outperforming its peers so far this year.

One other Basic Materials stock that has outperformed the sector so far this year is SQM (SQM). The stock is up 86.3% year-to-date.

Over the past three months, SQM's consensus EPS estimate for the current year has increased 36.4%. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, Silica Holdings is a member of the Mining - Miscellaneous industry, which includes 46 individual companies and currently sits at #94 in the Zacks Industry Rank. On average, stocks in this group have lost 15.7% this year, meaning that SLCA is performing better in terms of year-to-date returns.

SQM, however, belongs to the Fertilizers industry. Currently, this 7-stock industry is ranked #158. The industry has moved +20.8% so far this year.

Investors interested in the Basic Materials sector may want to keep a close eye on Silica Holdings and SQM as they attempt to continue their solid performance.


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U.S. Silica Holdings, Inc. (SLCA) : Free Stock Analysis Report
 
Sociedad Quimica y Minera S.A. (SQM) : Free Stock Analysis Report
 
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Zacks Investment Research