Are Utilities Stocks Lagging Iberdrola (IBDRY) This Year?

Iberdrola S.A. (IBDRY) has returned 7.9% year-to-date, outperforming the Utilities sector average of -6.4%. The stock holds a Zacks Rank #2 (Buy) with improving analyst sentiment, as consensus earnings estimates have risen 2.1% over the past 90 days. MYR Group (MYRG) has also outperformed significantly with 33.9% year-to-date returns and a Zacks Rank #1 (Strong Buy).