Investors focused on the Industrial Products space have likely heard of Axon Enterprise , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Axon Enterprise is one of 210 individual stocks in the Industrial Products sector. Collectively, these companies sit at #2 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. AAXN is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for AAXN's full-year earnings has moved 42.17% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, AAXN has moved about 143.02% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of -6.66%. This shows that Axon Enterprise is outperforming its peers so far this year.

Breaking things down more, AAXN is a member of the Security and Safety Services industry, which includes 18 individual companies and currently sits at #67 in the Zacks Industry Rank. On average, this group has lost an average of 24.78% so far this year, meaning that AAXN is performing better in terms of year-to-date returns.

Going forward, investors interested in Industrial Products stocks should continue to pay close attention to AAXN as it looks to continue its solid performance.