Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Cirrus Logic (CRUS) 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 CRUS and the rest of the Computer and Technology group's stocks.
Cirrus Logic is one of 633 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. CRUS is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CRUS's full-year earnings has moved 40.65% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that CRUS has returned about 63.56% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 20.37%. As we can see, Cirrus Logic is performing better than its sector in the calendar year.
Looking more specifically, CRUS belongs to the Electronics - Semiconductors industry, which includes 37 individual stocks and currently sits at #111 in the Zacks Industry Rank. On average, this group has gained an average of 19.73% so far this year, meaning that CRUS is performing better in terms of year-to-date returns.
CRUS 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cirrus Logic, Inc. (CRUS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research