The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Amphenol (APH) one of those stocks right now? 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 a member of our Computer and Technology group, which includes 613 different companies and currently sits at #4 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Amphenol is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for APH's full-year earnings has moved 14.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, APH has gained about 8.8% so far this year. In comparison, Computer and Technology companies have returned an average of 0.3%. As we can see, Amphenol is performing better than its sector in the calendar year.
Allegro MicroSystems, Inc. (ALGM) 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 47.4%.
The consensus estimate for Allegro MicroSystems, Inc.'s current year EPS has increased 1.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Amphenol belongs to the Electronics - Connectors industry, a group that includes 2 individual companies and currently sits at #4 in the Zacks Industry Rank. On average, stocks in this group have gained 8.8% this year, meaning that APH is slightly underperforming its industry in terms of year-to-date returns.
On the other hand, Allegro MicroSystems, Inc. belongs to the Electronics - Semiconductors industry. This 47-stock industry is currently ranked #64. The industry has moved -0.2% year to date.
Amphenol and Allegro MicroSystems, Inc. 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 Allegro MicroSystems, Inc. (ALGM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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