The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Netlist (NLST) 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.
Netlist is a member of our Computer and Technology group, which includes 660 different companies and currently sits at #4 in 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 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. NLST is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for NLST'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, NLST has returned 8.62% so far this year. In comparison, Computer and Technology companies have returned an average of 2.23%. As we can see, Netlist is performing better than its sector in the calendar year.
Breaking things down more, NLST is a member of the Computer- Storage Devices industry, which includes 9 individual companies and currently sits at #82 in the Zacks Industry Rank. This group has lost an average of 0.19% so far this year, so NLST is performing better in this area.
NLST will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
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