Is Zebra Technologies (ZBRA) Stock Outpacing Its Industrial Products Peers This Year?
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Zebra Technologies (ZBRA) 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 ZBRA and the rest of the Industrial Products group's stocks.
Zebra Technologies is a member of our Industrial Products group, which includes 215 different companies and currently sits at #7 in 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 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 #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ZBRA's full-year earnings has moved 8.87% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ZBRA has moved about 42.37% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 19.05% on a year-to-date basis. This means that Zebra Technologies is outperforming the sector as a whole this year.
To break things down more, ZBRA belongs to the Manufacturing - Thermal Products industry, a group that includes 4 individual companies and currently sits at #11 in the Zacks Industry Rank. This group has gained an average of 28.69% so far this year, so ZBRA is performing better in this area.
Investors in the Industrial Products sector will want to keep a close eye on ZBRA as it attempts 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.