Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Alps Electric (APELY) 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.
Alps Electric is one of 612 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within 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. Alps Electric is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for APELY's full-year earnings has moved 94.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, APELY has gained about 6.4% so far this year. Meanwhile, the Computer and Technology sector has returned an average of -2.8% on a year-to-date basis. This shows that Alps Electric is outperforming its peers so far this year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Amtech Systems (ASYS). The stock has returned 26.5% year-to-date.
Over the past three months, Amtech Systems' consensus EPS estimate for the current year has increased 400%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Alps Electric belongs to the Electronics - Miscellaneous Components industry, a group that includes 26 individual companies and currently sits at #23 in the Zacks Industry Rank. On average, stocks in this group have gained 2.1% this year, meaning that APELY is performing better in terms of year-to-date returns.
On the other hand, Amtech Systems belongs to the Semiconductor - General industry. This 7-stock industry is currently ranked #58. The industry has moved -5.1% year to date.
Investors with an interest in Computer and Technology stocks should continue to track Alps Electric and Amtech Systems. These stocks will be looking to continue their solid performance.
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Alps Electric (APELY): Free Stock Analysis Report Amtech Systems, Inc. (ASYS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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