For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Zebra Technologies (ZBRA) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
Zebra Technologies is one of 213 companies in the Industrial Products group. The Industrial Products group currently sits at #11 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader 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 3.61% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ZBRA has returned 61.72% so far this year. Meanwhile, stocks in the Industrial Products group have lost about 17.59% on average. This means that Zebra Technologies is performing better than its sector in terms of year-to-date returns.
Looking more specifically, ZBRA belongs to the Manufacturing - Thermal Products industry, a group that includes 4 individual stocks and currently sits at #55 in the Zacks Industry Rank. This group has gained an average of 4.49% so far this year, so ZBRA is performing better in this area.
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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