Is Zebra Technologies (ZBRA) 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. 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 213 companies in the Industrial Products group. The Industrial Products group currently sits at #15 within the Zacks Sector Rank. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ZBRA is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ZBRA's full-year earnings has moved 2.39% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ZBRA has returned about 23.90% since the start of the calendar year. In comparison, Industrial Products companies have returned an average of 14.70%. As we can see, Zebra Technologies is performing better than its sector in the calendar 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 #10 in the Zacks Industry Rank. On average, this group has gained an average of 20.75% so far this year, meaning that ZBRA is performing better in terms of year-to-date returns.
Investors with an interest in Industrial Products stocks should continue to track ZBRA. 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.