Workflow
Are Industrial Products Stocks Lagging ESCO Technologies (ESE) This Year?
ESCO TechnologiesESCO Technologies(US:ESE) ZACKSยท2024-10-25 14:41

Company Performance - Esco Technologies (ESE) has gained approximately 10.1% year-to-date, outperforming the average gain of 9.8% in the Industrial Products group [2] - The Zacks Consensus Estimate for ESE's full-year earnings has increased by 2.1% over the past 90 days, indicating improved analyst sentiment and a stronger earnings outlook [2] - Esco Technologies currently holds a Zacks Rank of 2 (Buy), suggesting favorable conditions for potential investors [1] Industry Comparison - Esco Technologies is part of the Manufacturing - Electronics industry, which has an average gain of 12.1% year-to-date, indicating that ESE is slightly underperforming its industry [3] - In contrast, Trimble Navigation (TRMB), another stock in the Industrial Products sector, has returned 13.8% year-to-date and is part of the Manufacturing - General Industrial industry, which has declined by 4.1% this year [2][3] - The Zacks Sector Rank places the Industrial Products group at 14 out of 16 groups, reflecting its relative performance within the broader market [1]