Zacks Equity Research identifies Sensata Technologies and Transcat as two instruments control stocks likely to overcome near-term industry challenges. The Zacks Instruments – Control industry faces headwinds including volatile raw material prices, supply-chain disruptions, and high customer inventory levels, but stands to benefit from demand for digitized technologies and energy-efficient production. The industry has a Zacks Industry Rank of 227, placing it in the bottom 8% of more than 250 Zacks industries, and has gained 5.2% over the past year, underperforming the S&P 500's 29.4% and the broader Computer and Technology sector's 45.7%. Sensata, a global industrial technology company, has seen its stock soar 77.5% in the past year, with upward earnings estimate revisions and a long-term earnings growth expectation of 9.3%. Transcat, which provides calibration and laboratory instrument services, has gained 11.8% over the past year and delivered an average earnings surprise of 9.9% in the trailing four quarters.
Sensata Technologies Holding NVIndustry benefits from demand for digitized technologies and energy-efficient production, which Sensata serves.
Transcat IncIndustry benefits from demand for digitized technologies and energy-efficient production, which Transcat serves.