Is ABB (ABBNY) Stock Outpacing Its Industrial Products Peers This Year?

Company Performance - ABB has shown a year-to-date performance increase of approximately 28.4%, significantly outperforming the Industrial Products sector, which has returned an average of 4.2% [8] - The Zacks Consensus Estimate for ABB's full-year earnings has increased by 3.4% over the past quarter, indicating improved analyst sentiment and a positive earnings outlook [4] - ABB currently holds a Zacks Rank of 2 (Buy), suggesting strong potential for future performance [7] Industry Comparison - ABB is part of the Manufacturing - Electronics industry, which ranks 13 in the Zacks Industry Rank and has seen an average gain of 16.6% this year, indicating that ABB is performing well within its industry [9] - Esab, another stock in the Industrial Products sector, has increased by 8.4% year-to-date and has a Zacks Rank of 2 (Buy), highlighting its strong performance as well [2][5] - The Metal Products - Procurement and Fabrication industry, to which Esab belongs, is ranked 28 and has moved up by 6.8% this year, showing that while Esab is performing well, it is in a lower-ranked industry compared to ABB's [6]