Is ENGIE BRASL EGA (EGIEY) Outperforming Other Utilities Stocks This Year?

Core Insights - ENGIE BRASL EGA (EGIEY) has shown strong year-to-date performance, with a return of approximately 29.6%, outperforming the average gain of 13.3% in the Utilities sector [4][6] - The Zacks Consensus Estimate for ENGIE BRASL EGA's full-year earnings has increased by 7% over the past 90 days, indicating improved analyst sentiment [4] - ENGIE BRASL EGA holds a Zacks Rank of 2 (Buy), suggesting a favorable outlook compared to its peers [3][4] Company Performance - ENGIE BRASL EGA is part of the Utilities sector, which consists of 108 individual stocks and currently ranks 7 in the Zacks Sector Rank [2] - The stock has outperformed other companies in the Utilities sector, including Iberdrola S.A., which has returned 34.1% year-to-date [5][6] - The Utility - Electric Power industry, which includes ENGIE BRASL EGA, has 59 stocks and ranks 89 in the Zacks Industry Rank, with an average gain of 13.3% this year [6] Analyst Sentiment - The Zacks Rank system focuses on earnings estimates and revisions, which have historically led to stocks outperforming the market in the short term [3] - The positive earnings outlook for ENGIE BRASL EGA is supported by the increase in the consensus EPS estimate over the past three months [5]