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

The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has iRobot (IRBT) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

iRobot is a member of the Industrial Products sector. This group includes 212 individual stocks and currently holds a Zacks Sector Rank of #13. 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. IRBT is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for IRBT's full-year earnings has moved 7.58% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Our latest available data shows that IRBT has returned about 45.93% since the start of the calendar year. Meanwhile, stocks in the Industrial Products group have gained about 12.53% on average. As we can see, iRobot is performing better than its sector in the calendar year.

Breaking things down more, IRBT is a member of the Industrial Automation and Robotics industry, which includes 4 individual companies and currently sits at #19 in the Zacks Industry Rank. On average, stocks in this group have gained 19.90% this year, meaning that IRBT is performing better in terms of year-to-date returns.

IRBT will likely be looking to continue its solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to the company.

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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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