Company Performance - ABB has returned approximately 22.5% since the beginning of the calendar year, significantly outperforming the average return of 6.8% for the Industrial Products sector [4] - The Zacks Consensus Estimate for ABB's full-year earnings has increased by 3.3% over the past quarter, indicating improving analyst sentiment and a positive earnings outlook [3] - ABB belongs to the Manufacturing - Electronics industry, which has gained an average of 14.4% this year, further highlighting ABB's strong performance within its specific industry [5] Industry Context - The Industrial Products sector includes 218 individual stocks and currently holds a Zacks Sector Rank of 9 among 16 different groups [2] - The Manufacturing - General Industrial industry, which includes Applied Industrial Technologies, is ranked 94 and has moved up by 6.7% this year [6] - Applied Industrial Technologies has returned 18% since the start of the year and has a Zacks Rank of 2 (Buy), indicating solid performance within the sector [4][5]
Is ABB (ABBNY) Outperforming Other Industrial Products Stocks This Year?