Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Axon Enterprise 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 AAXN and the rest of the Industrial Products group's stocks.
Axon Enterprise is one of 205 individual stocks in the Industrial Products sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. 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 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 #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AAXN's full-year earnings has moved 0.81% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that AAXN has returned about 118.79% since the start of the calendar year. At the same time, Industrial Products stocks have lost an average of 13.73%. This means that Axon Enterprise is outperforming the sector as a whole this year.
Looking more specifically, AAXN belongs to the Security and Safety Services industry, which includes 18 individual stocks and currently sits at #77 in the Zacks Industry Rank. On average, this group has lost an average of 31.17% so far this year, meaning that AAXN is performing better in terms of year-to-date returns.
Investors with an interest in Industrial Products stocks should continue to track AAXN. The stock will be looking to continue its solid performance.
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Is Axon Enterprise (AAXN) 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. Axon Enterprise 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 AAXN and the rest of the Industrial Products group's stocks.
Axon Enterprise is one of 205 individual stocks in the Industrial Products sector. Collectively, these companies sit at #10 in the Zacks Sector Rank. 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 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 #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AAXN's full-year earnings has moved 0.81% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that AAXN has returned about 118.79% since the start of the calendar year. At the same time, Industrial Products stocks have lost an average of 13.73%. This means that Axon Enterprise is outperforming the sector as a whole this year.
Looking more specifically, AAXN belongs to the Security and Safety Services industry, which includes 18 individual stocks and currently sits at #77 in the Zacks Industry Rank. On average, this group has lost an average of 31.17% so far this year, meaning that AAXN is performing better in terms of year-to-date returns.
Investors with an interest in Industrial Products stocks should continue to track AAXN. The stock will be looking to continue its solid performance.