For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Alarm.com Holdings (ALRM) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Alarm.com Holdings is one of 212 individual stocks in the Industrial Products sector. Collectively, these companies sit at #13 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 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. ALRM is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ALRM's full-year earnings has moved 0.44% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ALRM has returned 24.16% so far this year. Meanwhile, the Industrial Products sector has returned an average of 11.31% on a year-to-date basis. This means that Alarm.com Holdings is outperforming the sector as a whole this year.
To break things down more, ALRM belongs to the Security and Safety Services industry, a group that includes 20 individual companies and currently sits at #208 in the Zacks Industry Rank. Stocks in this group have gained about 15.47% so far this year, so ALRM is performing better this group in terms of year-to-date returns.
Investors in the Industrial Products sector will want to keep a close eye on ALRM as it attempts to continue its solid performance.
Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report
Original post