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Is iRobot (IRBT) Stock Outpacing Its Industrial Products Peers This Year?
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For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has iRobot (IRBT - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
iRobot is one of 215 companies in the Industrial Products group. The Industrial Products group currently sits at #9 within 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 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. IRBT is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for IRBT's full-year earnings has moved 41.78% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that IRBT has returned about 21.75% since the start of the calendar year. Meanwhile, stocks in the Industrial Products group have gained about 20.88% on average. As we can see, iRobot is performing better than its sector in the calendar year.
Breaking things down more, IRBT is a member of the Industrial Automation and Robotics industry, which includes 4 individual companies and currently sits at #52 in the Zacks Industry Rank. Stocks in this group have gained about 20.92% so far this year, so IRBT is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to IRBT as it looks to continue its solid performance.
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Is iRobot (IRBT) 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. Has iRobot (IRBT - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
iRobot is one of 215 companies in the Industrial Products group. The Industrial Products group currently sits at #9 within 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 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. IRBT is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for IRBT's full-year earnings has moved 41.78% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that IRBT has returned about 21.75% since the start of the calendar year. Meanwhile, stocks in the Industrial Products group have gained about 20.88% on average. As we can see, iRobot is performing better than its sector in the calendar year.
Breaking things down more, IRBT is a member of the Industrial Automation and Robotics industry, which includes 4 individual companies and currently sits at #52 in the Zacks Industry Rank. Stocks in this group have gained about 20.92% so far this year, so IRBT is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to IRBT as it looks to continue its solid performance.