Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has ForeScout Technologies been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
ForeScout Technologies is a member of the Industrial Products sector. This group includes 208 individual stocks and currently holds a Zacks Sector Rank of #14. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. FSCT is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for FSCT's full-year earnings has moved 8.13% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that FSCT has returned about 10.69% since the start of the calendar year. In comparison, Industrial Products companies have returned an average of -11%. This means that ForeScout Technologies is performing better than its sector in terms of year-to-date returns.
Looking more specifically, FSCT belongs to the Security and Safety Services industry, which includes 18 individual stocks and currently sits at #228 in the Zacks Industry Rank. This group has lost an average of 29.06% so far this year, so FSCT is performing better in this area.
FSCT will likely be looking to continue its solid performance, so investors interested Industrial Products stocks should continue to pay close attention to the company.
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Is ForeScout Technologies (FSCT) Outperforming Other Industrial Products Stocks This Year?
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has ForeScout Technologies been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
ForeScout Technologies is a member of the Industrial Products sector. This group includes 208 individual stocks and currently holds a Zacks Sector Rank of #14. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. FSCT is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for FSCT's full-year earnings has moved 8.13% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that FSCT has returned about 10.69% since the start of the calendar year. In comparison, Industrial Products companies have returned an average of -11%. This means that ForeScout Technologies is performing better than its sector in terms of year-to-date returns.
Looking more specifically, FSCT belongs to the Security and Safety Services industry, which includes 18 individual stocks and currently sits at #228 in the Zacks Industry Rank. This group has lost an average of 29.06% so far this year, so FSCT is performing better in this area.
FSCT will likely be looking to continue its solid performance, so investors interested Industrial Products stocks should continue to pay close attention to the company.