Is Fanuc (FANUY) Stock Outpacing Its Industrial Products Peers 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 Fanuc Corp. (FANUY) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.Fanuc Corp. is one of 186 individual stocks in the Industrial Products sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.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).Over the past 90 days, the Zacks Consensus Estimate for FANUY's full-year earnings has moved 6.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Based on the most recent data, FANUY has returned 18.3% so far this year. At the same time, Industrial Products stocks have gained an average of 2.2%. This shows that Fanuc Corp. is outperforming its peers so far this year.Another Industrial Products stock, which has outperformed the sector so far this year, is Powell Industries (POWL). The stock has returned 45.1% year-to-date.The consensus estimate for Powell Industries' current year EPS has increased 0.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Fanuc Corp. belongs to the Industrial Automation and Robotics industry, a group that includes 1 individual stocks and currently sits at #5 in the Zacks Industry Rank. On average, stocks in this group have lost 77.3% 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 #27. Since the beginning of the year, the industry has moved +2.1%.Fanuc Corp. and Powell Industries could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.#1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>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