Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. AVX (AVX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of AVX and the rest of the Computer and Technology group's stocks.
AVX is one of 644 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 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. AVX is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AVX's full-year earnings has moved 9.72% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that AVX has returned about 22.43% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 12.47% on a year-to-date basis. This means that AVX is outperforming the sector as a whole this year.
Breaking things down more, AVX is a member of the Electronics - Miscellaneous Components industry, which includes 32 individual companies and currently sits at #98 in the Zacks Industry Rank. On average, this group has gained an average of 16.06% so far this year, meaning that AVX is performing better in terms of year-to-date returns.
AVX will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
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