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Is AVX (AVX) Stock Outpacing Its Computer and Technology Peers This Year?

Zacks Equity Research
Ranger Energy Services, Inc. (RNGR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

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 a member of our Computer and Technology group, which includes 626 different companies and currently sits at #3 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 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. AVX is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past three months, the Zacks Consensus Estimate for AVX's full-year earnings has moved 72% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, AVX has gained about 15.78% so far this year. In comparison, Computer and Technology companies have returned an average of 10.45%. This means that AVX is outperforming the sector as a whole this year.

Looking more specifically, AVX belongs to the Electronics - Miscellaneous Components industry, which includes 34 individual stocks and currently sits at #50 in the Zacks Industry Rank. Stocks in this group have gained about 2.43% so far this year, so AVX is performing better this group in terms of year-to-date returns.

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


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