Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is ADT (ADT) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
ADT is a member of the Industrial Products sector. This group includes 186 individual stocks and currently holds a Zacks Sector Rank of #10. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. ADT is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ADT's full-year earnings has moved 1.2% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ADT has returned about 14.3% since the start of the calendar year. At the same time, Industrial Products stocks have gained an average of 3.6%. This means that ADT is outperforming the sector as a whole this year.
Another stock in the Industrial Products sector, Flowserve (FLS), has outperformed the sector so far this year. The stock's year-to-date return is 17.8%.
In Flowserve's case, the consensus EPS estimate for the current year increased 2.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, ADT is a member of the Security and Safety Services industry, which includes 17 individual companies and currently sits at #42 in the Zacks Industry Rank. On average, stocks in this group have gained 14.9% this year, meaning that ADT is slightly underperforming its industry in terms of year-to-date returns.
On the other hand, Flowserve belongs to the Manufacturing - General Industrial industry. This 41-stock industry is currently ranked #152. The industry has moved +7.7% year to date.
Investors with an interest in Industrial Products stocks should continue to track ADT and Flowserve. These stocks will be looking to continue their solid performance.
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ADT Inc. (ADT): Free Stock Analysis Report Flowserve Corporation (FLS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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