The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Alarm.com Holdings (ALRM) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Alarm.com Holdings is one of 208 individual stocks in the Industrial Products sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. ALRM is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ALRM's full-year earnings has moved 4.52% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ALRM has moved about 34.31% on a year-to-date basis. At the same time, Industrial Products stocks have lost an average of 7.88%. As we can see, Alarm.com Holdings is performing better than its sector in the calendar year.
Breaking things down more, ALRM is a member of the Security and Safety Services industry, which includes 18 individual companies and currently sits at #122 in the Zacks Industry Rank. Stocks in this group have lost about 24.23% so far this year, so ALRM is performing better this group in terms of year-to-date returns.
Investors in the Industrial Products sector will want to keep a close eye on ALRM as it attempts to continue its solid performance.
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