Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Advantest Corp. (ATEYY) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Advantest Corp. is one of 604 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Advantest Corp. is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ATEYY's full-year earnings has moved 11.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ATEYY has returned 69.9% so far this year. In comparison, Computer and Technology companies have returned an average of 20.4%. This means that Advantest Corp. is performing better than its sector in terms of year-to-date returns.
Leidos (LDOS) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 26.7%.
For Leidos, the consensus EPS estimate for the current year has increased 6.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Advantest Corp. belongs to the Electronics - Measuring Instruments industry, a group that includes 5 individual stocks and currently sits at #33 in the Zacks Industry Rank. On average, this group has gained an average of 8% so far this year, meaning that ATEYY is performing better in terms of year-to-date returns.
In contrast, Leidos falls under the Computers - IT Services industry. Currently, this industry has 43 stocks and is ranked #103. Since the beginning of the year, the industry has moved -15.4%.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Advantest Corp. and Leidos as they could maintain their solid performance.
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Advantest Corp. (ATEYY): Free Stock Analysis Report Leidos Holdings, Inc. (LDOS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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