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Is SoundThinking, Inc. (SSTI) Outperforming Other Industrial Products Stocks This Year?
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Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has SoundThinking (SSTI - Free Report) 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.
SoundThinking is one of 200 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. SoundThinking is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for SSTI's full-year earnings has moved 4.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, SSTI has returned 20.4% so far this year. Meanwhile, stocks in the Industrial Products group have lost about 3% on average. This means that SoundThinking is outperforming the sector as a whole this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is UniFirst (UNF - Free Report) . The stock has returned 23.1% year-to-date.
Over the past three months, UniFirst's consensus EPS estimate for the current year has increased 0.4%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, SoundThinking belongs to the Security and Safety Services industry, which includes 18 individual stocks and currently sits at #70 in the Zacks Industry Rank. Stocks in this group have lost about 3.1% so far this year, so SSTI is performing better this group in terms of year-to-date returns.
In contrast, UniFirst falls under the Uniform and Related industry. Currently, this industry has 2 stocks and is ranked #4. Since the beginning of the year, the industry has moved +4.1%.
SoundThinking and UniFirst could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.
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Is SoundThinking, Inc. (SSTI) Outperforming Other Industrial Products Stocks This Year?
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has SoundThinking (SSTI - Free Report) 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.
SoundThinking is one of 200 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. SoundThinking is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for SSTI's full-year earnings has moved 4.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, SSTI has returned 20.4% so far this year. Meanwhile, stocks in the Industrial Products group have lost about 3% on average. This means that SoundThinking is outperforming the sector as a whole this year.
Another Industrial Products stock, which has outperformed the sector so far this year, is UniFirst (UNF - Free Report) . The stock has returned 23.1% year-to-date.
Over the past three months, UniFirst's consensus EPS estimate for the current year has increased 0.4%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, SoundThinking belongs to the Security and Safety Services industry, which includes 18 individual stocks and currently sits at #70 in the Zacks Industry Rank. Stocks in this group have lost about 3.1% so far this year, so SSTI is performing better this group in terms of year-to-date returns.
In contrast, UniFirst falls under the Uniform and Related industry. Currently, this industry has 2 stocks and is ranked #4. Since the beginning of the year, the industry has moved +4.1%.
SoundThinking and UniFirst could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.