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Has iRobot (IRBT) Outpaced Other Industrial Products Stocks This Year?
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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? Let's take a closer look at the stock's year-to-date performance to find out.
iRobot is a member of the Industrial Products sector. This group includes 208 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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 #1 (Strong Buy).
The Zacks Consensus Estimate for IRBT's full-year earnings has moved 5.32% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that IRBT has returned about 26.86% since the start of the calendar year. At the same time, Industrial Products stocks have lost an average of 5.96%. As we can see, iRobot is performing better than its sector in the calendar year.
Looking more specifically, IRBT belongs to the Industrial Automation and Robotics industry, which includes 4 individual stocks and currently sits at #115 in the Zacks Industry Rank. On average, this group has lost an average of 7.87% so far this year, meaning that IRBT is performing better in terms of year-to-date returns.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to IRBT as it looks to continue its solid performance.
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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? Let's take a closer look at the stock's year-to-date performance to find out.
iRobot is a member of the Industrial Products sector. This group includes 208 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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 #1 (Strong Buy).
The Zacks Consensus Estimate for IRBT's full-year earnings has moved 5.32% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that IRBT has returned about 26.86% since the start of the calendar year. At the same time, Industrial Products stocks have lost an average of 5.96%. As we can see, iRobot is performing better than its sector in the calendar year.
Looking more specifically, IRBT belongs to the Industrial Automation and Robotics industry, which includes 4 individual stocks and currently sits at #115 in the Zacks Industry Rank. On average, this group has lost an average of 7.87% so far this year, meaning that IRBT is performing better in terms of year-to-date returns.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to IRBT as it looks to continue its solid performance.