ZACKS·2025-03-26 14:46Group 1 - Forum Energy Technologies (FET) is outperforming its peers in the Oils-Energy sector with a year-to-date gain of approximately 32.6%, compared to the sector average gain of about 5.1% [4] - FET is ranked 8 in the Zacks Sector Rank, which evaluates the strength of 16 individual sector groups based on the average Zacks Rank of the stocks within those groups [2] - The Zacks Rank system indicates that FET has a Zacks Rank of 2 (Buy), reflecting a favorable earnings outlook and positive analyst sentiment [3] Group 2 - The Zacks Consensus Estimate for FET's full-year earnings has increased by 17.7% over the past quarter, indicating improved analyst sentiment [4] - FET belongs to the Oil and Gas - Mechanical and Equipment industry, which has gained an average of 3.4% this year, further highlighting FET's strong performance within its industry [6] - Another stock in the Oils-Energy sector, Nextracker (NXT), has also shown strong performance with a year-to-date increase of 23.8% and a Zacks Rank of 1 (Strong Buy) [5]