Is Energias de Portugal (EDPFY) Stock Outpacing Its Utilities Peers This Year?

Group 1 - Energias de Portugal (EDPFY) is currently outperforming its peers in the Utilities sector, with a year-to-date return of approximately 11.3% compared to the sector average of 4.6% [4] - The Zacks Rank for Energias de Portugal is 2 (Buy), indicating a favorable outlook based on earnings estimate revisions and improving earnings outlooks [3] - Over the past 90 days, the Zacks Consensus Estimate for EDPFY's full-year earnings has increased by 7.6%, reflecting positive analyst sentiment [4] Group 2 - Energias de Portugal belongs to the Utility - Electric Power industry, which includes 58 stocks and currently ranks 87 in the Zacks Industry Rank, with an average gain of 4.9% this year [6] - Another stock in the Utilities sector, ENGIE BRASL EGA (EGIEY), has also shown strong performance with a year-to-date increase of 9.1% and a Zacks Rank of 2 (Buy) [5] - Both Energias de Portugal and ENGIE BRASL EGA are expected to continue their solid performance, making them noteworthy for investors interested in Utilities stocks [7]