The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. CommScope Holding Company (COMM) 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
CommScope Holding Company is a member of our Computer and Technology group, which includes 641 different companies and currently sits at #9 in 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 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. COMM is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for COMM's full-year earnings has moved 26.94% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, COMM has returned 40.70% so far this year. In comparison, Computer and Technology companies have returned an average of 19.89%. This shows that CommScope Holding Company is outperforming its peers so far this year.
Looking more specifically, COMM belongs to the Communication - Infrastructure industry, which includes 7 individual stocks and currently sits at #16 in the Zacks Industry Rank. Stocks in this group have gained about 44.13% so far this year, so COMM is slightly underperforming its industry this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track COMM. The stock will be looking to continue its solid performance.
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