Is Axalta Coating Systems (AXTA) Stock Outpacing Its Basic Materials Peers This Year?

Group 1 - Axalta Coating Systems (AXTA) is currently ranked 1 (Strong Buy) in the Zacks Rank, indicating a strong earnings outlook [1] - The Zacks Consensus Estimate for AXTA's full-year earnings has increased by 6.1% in the past quarter, reflecting improved analyst sentiment [2] - Year-to-date, AXTA has gained approximately 1.2%, outperforming the Basic Materials sector, which has seen an average loss of 3.6% [2] Group 2 - Axalta Coating Systems is part of the Chemical - Specialty industry, which is currently ranked 168 in the Zacks Industry Rank, with an average loss of 19.6% year-to-date [3] - In contrast, Amerigo Resources, another outperforming stock in the Basic Materials sector, belongs to the Mining - Non Ferrous industry, which is ranked 52 and has gained 23.2% year-to-date [3] - Both Axalta Coating Systems and Amerigo Resources are expected to continue their solid performance, making them noteworthy for investors in the Basic Materials sector [3]