We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Has iRobot (IRBT) Outpaced Other Industrial Products Stocks This Year?
Read MoreHide Full Article
Investors focused on the Industrial Products space have likely heard of iRobot (IRBT - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
iRobot is one of 215 companies in the Industrial Products group. The Industrial Products group currently sits at #16 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 #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for IRBT's full-year earnings has moved 32.80% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, IRBT has moved about 6.82% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 13.58% on a year-to-date basis. This means that iRobot is performing better than its sector in terms of year-to-date returns.
Looking more specifically, IRBT belongs to the Industrial Automation and Robotics industry, which includes 4 individual stocks and currently sits at #103 in the Zacks Industry Rank. Stocks in this group have gained about 7.29% so far this year, so IRBT is slightly underperforming its industry this group in terms of year-to-date returns.
Investors with an interest in Industrial Products stocks should continue to track IRBT. The stock will be looking to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has iRobot (IRBT) Outpaced Other Industrial Products Stocks This Year?
Investors focused on the Industrial Products space have likely heard of iRobot (IRBT - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
iRobot is one of 215 companies in the Industrial Products group. The Industrial Products group currently sits at #16 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 #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for IRBT's full-year earnings has moved 32.80% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, IRBT has moved about 6.82% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of 13.58% on a year-to-date basis. This means that iRobot is performing better than its sector in terms of year-to-date returns.
Looking more specifically, IRBT belongs to the Industrial Automation and Robotics industry, which includes 4 individual stocks and currently sits at #103 in the Zacks Industry Rank. Stocks in this group have gained about 7.29% so far this year, so IRBT is slightly underperforming its industry this group in terms of year-to-date returns.
Investors with an interest in Industrial Products stocks should continue to track IRBT. The stock will be looking to continue its solid performance.