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

Zacks Equity Research
Asbury Automotive (ABG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 1 (Strong Buy).

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 one of 215 individual stocks in the Industrial Products sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. ZBRA is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for ZBRA's full-year earnings has moved 9.42% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the most recent data, ZBRA has returned 29.60% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 20.43% on average. As we can see, Zebra Technologies is performing better than its sector in the calendar year.

Looking more specifically, ZBRA belongs to the Manufacturing - Thermal Products industry, which includes 4 individual stocks and currently sits at #100 in the Zacks Industry Rank. This group has gained an average of 23.36% so far this year, so ZBRA is performing better in this area.

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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