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.
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 >>
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.
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 >>
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