Is MKS Instruments (MKSI) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of MKS Instruments (MKSI), but is the stock performing well in comparison to the rest of its sector peers? 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.
MKS Instruments is one of 632 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 includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. MKSI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for MKSI's full-year earnings has moved 8.32% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, MKSI has moved about 20% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 5.08% on a year-to-date basis. This shows that MKS Instruments is outperforming its peers so far this year.
To break things down more, MKSI belongs to the Electronics - Manufacturing Machinery industry, a group that includes 12 individual companies and currently sits at #27 in the Zacks Industry Rank. On average, stocks in this group have gained 11.39% this year, meaning that MKSI is performing better in terms of year-to-date returns.
MKSI will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.
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