Is Gates Industrial (GTES) Outperforming Other Industrial Products Stocks 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. Gates Industrial (GTES) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Gates Industrial is one of 187 companies in the Industrial Products group. The Industrial Products group currently sits at #5 within 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Gates Industrial is currently sporting a Zacks Rank of #1 (Strong Buy).The Zacks Consensus Estimate for GTES' full-year earnings has moved 5.7% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.According to our latest data, GTES has moved about 22.6% on a year-to-date basis. At the same time, Industrial Products stocks have gained an average of 7.8%. This shows that Gates Industrial is outperforming its peers so far this year.Another Industrial Products stock, which has outperformed the sector so far this year, is Helios Technologies (HLIO). The stock has returned 17.4% year-to-date.In Helios Technologies' case, the consensus EPS estimate for the current year increased 34.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).Breaking things down more, Gates Industrial is a member of the Manufacturing - General Industrial industry, which includes 41 individual companies and currently sits at #40 in the Zacks Industry Rank. This group has gained an average of 6.7% so far this year, so GTES is performing better in this area. Helios Technologies is also part of the same industry.Gates Industrial and Helios Technologies could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.Free Report: Profiting from the 2nd Wave of AI ExplosionThe next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.Investors who bought shares like Nvidia at the right time have had a shot at huge gains.But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.Access AI Boom 2.0 now, absolutely 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 Gates Industrial Corporation PLC (GTES): Free Stock Analysis Report Helios Technologies, Inc (HLIO): 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