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Is Zebra Technologies (ZBRA) Stock Outpacing Its Industrial Products Peers This Year?

Zacks Equity Research
Altria (MO) closed the most recent trading day at $49.41, moving -0.26% from the previous trading session.

For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Zebra Technologies (ZBRA) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Zebra Technologies is one of 215 companies in the Industrial Products group. The Industrial Products group currently sits at #13 within 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. 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 0.79% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, ZBRA has moved about 20.62% on a year-to-date basis. At the same time, Industrial Products stocks have gained an average of 15.68%. 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 #17 in the Zacks Industry Rank. Stocks in this group have gained about 15.74% so far this year, so ZBRA is performing better this group in terms of year-to-date returns.

Going forward, investors interested in Industrial Products stocks should continue to pay close attention to ZBRA as it looks to continue its solid performance.


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