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Are Industrial Products Stocks Lagging Axon Enterprise (AXON) 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 Axon Enterprise (AXON - Free Report) been one of those stocks this year? 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.
Axon Enterprise is one of 217 companies in the Industrial Products group. The Industrial Products group currently sits at #2 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. Axon Enterprise is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AXON's full-year earnings has moved 57.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, AXON has gained about 18.6% so far this year. In comparison, Industrial Products companies have returned an average of 0.6%. This shows that Axon Enterprise is outperforming its peers so far this year.
Another stock in the Industrial Products sector, Belden (BDC - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 19%.
Over the past three months, Belden's consensus EPS estimate for the current year has increased 4%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Axon Enterprise belongs to the Security and Safety Services industry, a group that includes 22 individual stocks and currently sits at #91 in the Zacks Industry Rank. This group has lost an average of 0.4% so far this year, so AXON is performing better in this area.
Belden, however, belongs to the Wire and Cable Products industry. Currently, this 3-stock industry is ranked #18. The industry has moved +8.2% so far this year.
Investors with an interest in Industrial Products stocks should continue to track Axon Enterprise and Belden. These stocks will be looking to continue their solid performance.
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Are Industrial Products Stocks Lagging Axon Enterprise (AXON) 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 Axon Enterprise (AXON - Free Report) been one of those stocks this year? 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.
Axon Enterprise is one of 217 companies in the Industrial Products group. The Industrial Products group currently sits at #2 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. Axon Enterprise is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AXON's full-year earnings has moved 57.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, AXON has gained about 18.6% so far this year. In comparison, Industrial Products companies have returned an average of 0.6%. This shows that Axon Enterprise is outperforming its peers so far this year.
Another stock in the Industrial Products sector, Belden (BDC - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 19%.
Over the past three months, Belden's consensus EPS estimate for the current year has increased 4%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Axon Enterprise belongs to the Security and Safety Services industry, a group that includes 22 individual stocks and currently sits at #91 in the Zacks Industry Rank. This group has lost an average of 0.4% so far this year, so AXON is performing better in this area.
Belden, however, belongs to the Wire and Cable Products industry. Currently, this 3-stock industry is ranked #18. The industry has moved +8.2% so far this year.
Investors with an interest in Industrial Products stocks should continue to track Axon Enterprise and Belden. These stocks will be looking to continue their solid performance.