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Is iRobot (IRBT) Stock Outpacing Its Industrial Products Peers This Year?

Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. iRobot (IRBT) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of IRBT and the rest of the Industrial Products group's stocks.

iRobot is a member of the Industrial Products sector. This group includes 205 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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. IRBT is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for IRBT's full-year earnings has moved 4.88% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, IRBT has gained about 6.57% so far this year. Meanwhile, the Industrial Products sector has returned an average of -17.83% on a year-to-date basis. This shows that iRobot is outperforming its peers so far this year.

Looking more specifically, IRBT belongs to the Industrial Automation and Robotics industry, which includes 4 individual stocks and currently sits at #26 in the Zacks Industry Rank. This group has lost an average of 17.20% so far this year, so IRBT is performing better in this area.

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

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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