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Has Zebra Technologies (ZBRA) Outpaced Other Industrial Products Stocks This Year?

Zacks Equity Research
Flushing Financial (FFIC) delivered earnings and revenue surprises of -6.67% and -6.06%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Zebra Technologies (ZBRA) 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.

Zebra Technologies is a member of the Industrial Products sector. This group includes 213 individual stocks and currently holds a Zacks Sector Rank of #9. 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. ZBRA is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for ZBRA's full-year earnings has moved 4.42% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that ZBRA has returned about 49.66% since the start of the calendar year. At the same time, Industrial Products stocks have lost an average of 21.08%. As we can see, Zebra Technologies is performing better than its sector in the calendar year.

Breaking things down more, ZBRA is a member of the Manufacturing - Thermal Products industry, which includes 4 individual companies and currently sits at #58 in the Zacks Industry Rank. On average, stocks in this group have lost 1.02% this year, meaning that ZBRA is performing better in terms of year-to-date returns.

Investors with an interest in Industrial Products stocks should continue to track ZBRA. The stock will be looking to continue its solid performance.


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