Is IntriCon (IIN) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of IntriCon (IIN), but is the stock performing well in comparison to the rest of its sector peers? 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.
IntriCon is one of 625 companies in the Computer and Technology group. The Computer and Technology group currently sits at #3 within the Zacks Sector Rank. 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. IIN is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for IIN's full-year earnings has moved 54.93% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that IIN has returned about 258.84% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 11.09% on average. This shows that IntriCon is outperforming its peers so far this year.
Breaking things down more, IIN is a member of the Electronics - Miscellaneous Components industry, which includes 34 individual companies and currently sits at #42 in the Zacks Industry Rank. On average, this group has gained an average of 1.30% so far this year, meaning that IIN is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track IIN. The stock will be looking to continue its solid performance.
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