Are Industrial Products Stocks Lagging Fanuc (FANUY) This Year?

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 Fanuc Corp. (FANUY) been one of those stocks this year? 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.Fanuc Corp. is a member of our Industrial Products group, which includes 187 different companies and currently sits at #10 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Fanuc Corp. is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for FANUY's full-year earnings has moved 3.7% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Our latest available data shows that FANUY has returned about 46.7% since the start of the calendar year. Meanwhile, the Industrial Products sector has returned an average of 7.3% on a year-to-date basis. This means that Fanuc Corp. is outperforming the sector as a whole this year.One other Industrial Products stock that has outperformed the sector so far this year is Powell Industries (POWL). The stock is up 52% year-to-date.In Powell Industries' case, the consensus EPS estimate for the current year increased 2.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).To break things down more, Fanuc Corp. belongs to the Industrial Automation and Robotics industry, a group that includes 1 individual companies and currently sits at #7 in the Zacks Industry Rank. On average, stocks in this group have lost 60.9% this year, meaning that FANUY is performing better in terms of year-to-date returns. In contrast, Powell Industries falls under the Manufacturing - Electronics industry. Currently, this industry has 15 stocks and is ranked #39. Since the beginning of the year, the industry has moved +5.4%.Investors with an interest in Industrial Products stocks should continue to track Fanuc Corp. and Powell Industries. These stocks will be looking to continue their solid performance.Quantum Computing Stocks Set To SoarArtificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time.Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors.Access the Report Free Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fanuc Corp. (FANUY): Free Stock Analysis Report Powell Industries, Inc. (POWL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks