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Is AU Optronics (AUO) Outperforming Other Computer and Technology Stocks This Year?

Zacks Equity Research
Lululemon (LULU) closed the most recent trading day at $190.38, moving +0.11% from the previous trading session.

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is AU Optronics (AUO) 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.

AU Optronics is one of 650 companies in the Computer and Technology group. The Computer and Technology group currently sits at #3 within 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. AUO is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for AUO's full-year earnings has moved 160% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Our latest available data shows that AUO has returned about 5.84% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 3.50% on average. This means that AU Optronics is performing better than its sector in terms of year-to-date returns.

Looking more specifically, AUO belongs to the Electronics - Miscellaneous Components industry, which includes 32 individual stocks and currently sits at #163 in the Zacks Industry Rank. On average, stocks in this group have gained 4.01% this year, meaning that AUO is performing better in terms of year-to-date returns.

Investors with an interest in Computer and Technology stocks should continue to track AUO. The stock will be looking to continue its solid performance.


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