Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is inTest (INTT) 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.
inTest 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 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. INTT is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for INTT's full-year earnings has moved 12.50% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, INTT has returned 5.78% so far this year. In comparison, Computer and Technology companies have returned an average of 10.07%. This shows that inTest is outperforming its peers so far this year.
To break things down more, INTT belongs to the Electronics - Measuring Instruments industry, a group that includes 10 individual companies and currently sits at #14 in the Zacks Industry Rank. This group has gained an average of 34.47% so far this year, so INTT is slightly underperforming its industry in this area.
Investors with an interest in Computer and Technology stocks should continue to track INTT. The stock will be looking to continue its solid performance.
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