Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Cirrus Logic (CRUS) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Cirrus Logic is a member of our Computer and Technology group, which includes 608 different companies and currently sits at #5 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. Cirrus Logic is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CRUS' full-year earnings has moved 17.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, CRUS has gained about 19.1% so far this year. In comparison, Computer and Technology companies have returned an average of -2.3%. This means that Cirrus Logic is outperforming the sector as a whole this year.
One other Computer and Technology stock that has outperformed the sector so far this year is KE Holdings Inc. Sponsored ADR (BEKE). The stock is up 4.4% year-to-date.
For KE Holdings Inc. Sponsored ADR, the consensus EPS estimate for the current year has increased 1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Cirrus Logic is a member of the Electronics - Semiconductors industry, which includes 47 individual companies and currently sits at #80 in the Zacks Industry Rank. This group has gained an average of 3.6% so far this year, so CRUS is performing better in this area.
On the other hand, KE Holdings Inc. Sponsored ADR belongs to the Internet - Services industry. This 32-stock industry is currently ranked #179. The industry has moved -1.8% year to date.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Cirrus Logic and KE Holdings Inc. Sponsored ADR as they could maintain their solid performance.
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Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report KE Holdings Inc. Sponsored ADR (BEKE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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