The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has iRobot (IRBT - Free Report) been one of those stocks this year? 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 212 individual stocks and currently holds a Zacks Sector Rank of #13. 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 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. IRBT is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for IRBT's full-year earnings has moved 7.58% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that IRBT has returned about 45.93% since the start of the calendar year. Meanwhile, stocks in the Industrial Products group have gained about 12.53% on average. As we can see, iRobot is performing better than its sector in the calendar year.
Breaking things down more, IRBT is a member of the Industrial Automation and Robotics industry, which includes 4 individual companies and currently sits at #19 in the Zacks Industry Rank. On average, stocks in this group have gained 19.90% this year, meaning that IRBT is performing better in terms of year-to-date returns.
IRBT will likely be looking to continue its solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to the company.