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Is Zebra Technologies (ZBRA) Stock Outpacing Its Industrial Products Peers This Year?

Zacks Equity Research

Investors focused on the Industrial Products space have likely heard of Zebra Technologies (ZBRA), but is the stock performing well in comparison to the rest of its sector peers? 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.

Zebra Technologies is one of 212 individual stocks in the Industrial Products sector. Collectively, these companies sit at #9 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 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. ZBRA is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for ZBRA's full-year earnings has moved 8.87% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

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Based on the most recent data, ZBRA has returned 31.23% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 13.63% on average. This shows that Zebra Technologies is outperforming its peers so far this year.

Looking more specifically, ZBRA belongs to the Manufacturing - Thermal Products industry, which includes 4 individual stocks and currently sits at #7 in the Zacks Industry Rank. This group has gained an average of 24.25% so far this year, so ZBRA is performing better in this area.

ZBRA 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.


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