Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Amphenol (APH) 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? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Amphenol is one of 607 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Amphenol is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for APH's full-year earnings has moved 14% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, APH has gained about 43.2% so far this year. At the same time, Computer and Technology stocks have gained an average of 8.4%. As we can see, Amphenol is performing better than its sector in the calendar year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Affirm Holdings (AFRM). The stock has returned 8.6% year-to-date.
For Affirm Holdings, the consensus EPS estimate for the current year has increased 21.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Amphenol belongs to the Electronics - Connectors industry, a group that includes 2 individual companies and currently sits at #3 in the Zacks Industry Rank. On average, this group has gained an average of 42.7% so far this year, meaning that APH is performing better in terms of year-to-date returns.
Affirm Holdings, however, belongs to the Internet - Software industry. Currently, this 173-stock industry is ranked #76. The industry has moved +14.6% so far this year.
Amphenol and Affirm Holdings could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.
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Amphenol Corporation (APH): Free Stock Analysis Report Affirm Holdings, Inc. (AFRM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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