For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is ForeScout Technologies one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
ForeScout Technologies is one of 209 individual stocks in the Industrial Products sector. Collectively, these companies sit at #3 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. FSCT is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for FSCT's full-year earnings has moved 8.13% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, FSCT has returned 10.63% so far this year. Meanwhile, the Industrial Products sector has returned an average of -10.10% on a year-to-date basis. This means that ForeScout Technologies is outperforming the sector as a whole this year.
To break things down more, FSCT belongs to the Security and Safety Services industry, a group that includes 18 individual companies and currently sits at #158 in the Zacks Industry Rank. On average, this group has lost an average of 27.63% so far this year, meaning that FSCT is performing better in terms of year-to-date returns.
Investors in the Industrial Products sector will want to keep a close eye on FSCT as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is ForeScout Technologies one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
ForeScout Technologies is one of 209 individual stocks in the Industrial Products sector. Collectively, these companies sit at #3 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. FSCT is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for FSCT's full-year earnings has moved 8.13% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, FSCT has returned 10.63% so far this year. Meanwhile, the Industrial Products sector has returned an average of -10.10% on a year-to-date basis. This means that ForeScout Technologies is outperforming the sector as a whole this year.
To break things down more, FSCT belongs to the Security and Safety Services industry, a group that includes 18 individual companies and currently sits at #158 in the Zacks Industry Rank. On average, this group has lost an average of 27.63% so far this year, meaning that FSCT is performing better in terms of year-to-date returns.
Investors in the Industrial Products sector will want to keep a close eye on FSCT as it attempts to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>