We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Are Industrial Products Stocks Lagging Trimble (TRMB) This Year?
Read MoreHide Full Article
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has Trimble Navigation (TRMB - 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.
Trimble Navigation is a member of our Industrial Products group, which includes 187 different companies and currently sits at #11 in 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Trimble Navigation is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TRMB's full-year earnings has moved 5.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, TRMB has moved about 16.5% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of 6.7%. This means that Trimble Navigation is outperforming the sector as a whole this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is TriMas (TRS - Free Report) . The stock has returned 39% year-to-date.
Over the past three months, TriMas' consensus EPS estimate for the current year has increased 2.3%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Trimble Navigation is a member of the Manufacturing - General Industrial industry, which includes 41 individual companies and currently sits at #149 in the Zacks Industry Rank. This group has gained an average of 9% so far this year, so TRMB is performing better in this area.
TriMas, however, belongs to the Metal Products - Procurement and Fabrication industry. Currently, this 7-stock industry is ranked #17. The industry has moved +24.1% so far this year.
Trimble Navigation and TriMas could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Industrial Products Stocks Lagging Trimble (TRMB) This Year?
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has Trimble Navigation (TRMB - 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.
Trimble Navigation is a member of our Industrial Products group, which includes 187 different companies and currently sits at #11 in 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 proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Trimble Navigation is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TRMB's full-year earnings has moved 5.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, TRMB has moved about 16.5% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of 6.7%. This means that Trimble Navigation is outperforming the sector as a whole this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is TriMas (TRS - Free Report) . The stock has returned 39% year-to-date.
Over the past three months, TriMas' consensus EPS estimate for the current year has increased 2.3%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Trimble Navigation is a member of the Manufacturing - General Industrial industry, which includes 41 individual companies and currently sits at #149 in the Zacks Industry Rank. This group has gained an average of 9% so far this year, so TRMB is performing better in this area.
TriMas, however, belongs to the Metal Products - Procurement and Fabrication industry. Currently, this 7-stock industry is ranked #17. The industry has moved +24.1% so far this year.
Trimble Navigation and TriMas could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.