The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. iRobot (IRBT - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of IRBT and the rest of the Industrial Products group's stocks.
iRobot is one of 215 individual stocks in the Industrial Products sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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 #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for IRBT's full-year earnings has moved 4.69% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, IRBT has returned 7.32% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 13.06% on average. 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, a group that includes 4 individual stocks and currently sits at #100 in the Zacks Industry Rank. Stocks in this group have gained about 5.44% so far this year, so IRBT is performing better 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.