We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Has Alarm.com Holdings (ALRM) Outpaced Other Industrial Products Stocks This Year?
Read MoreHide Full Article
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Alarm.com Holdings (ALRM - Free Report) 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.
Alarm.com Holdings is one of 208 individual stocks in the Industrial Products sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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 #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ALRM's full-year earnings has moved 4.52% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ALRM has moved about 34.31% on a year-to-date basis. At the same time, Industrial Products stocks have lost an average of 7.88%. As we can see, Alarm.com Holdings is performing better than its sector in the calendar year.
Breaking things down more, ALRM is a member of the Security and Safety Services industry, which includes 18 individual companies and currently sits at #122 in the Zacks Industry Rank. Stocks in this group have lost about 24.23% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has Alarm.com Holdings (ALRM) Outpaced Other Industrial Products Stocks This Year?
The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Alarm.com Holdings (ALRM - Free Report) 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.
Alarm.com Holdings is one of 208 individual stocks in the Industrial Products sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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 #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ALRM's full-year earnings has moved 4.52% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, ALRM has moved about 34.31% on a year-to-date basis. At the same time, Industrial Products stocks have lost an average of 7.88%. As we can see, Alarm.com Holdings is performing better than its sector in the calendar year.
Breaking things down more, ALRM is a member of the Security and Safety Services industry, which includes 18 individual companies and currently sits at #122 in the Zacks Industry Rank. Stocks in this group have lost about 24.23% 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.