The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. inTest (INTT) 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 INTT and the rest of the Computer and Technology group's stocks.
inTest is a member of the Computer and Technology sector. This group includes 646 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. INTT is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for INTT's full-year earnings has moved 5.21% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, INTT has gained about 13.38% so far this year. At the same time, Computer and Technology stocks have gained an average of 10.98%. This means that inTest is performing better than its sector in terms of year-to-date returns.
To break things down more, INTT belongs to the Electronics - Measuring Instruments industry, a group that includes 9 individual companies and currently sits at #108 in the Zacks Industry Rank. On average, this group has gained an average of 21.50% so far this year, meaning that INTT is slightly underperforming its industry in terms of year-to-date returns.
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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