For those looking for strong Computer and Technology stocks, it is wise to look for group companies that outperform their peers. CTS (CTS) is a stock that is sure to get the attention of many investors, but does its recent return compare well with the sector as a whole? By looking at the stock’s year-to-date performance compared to its Computer and Technology peers, we can answer that question.
CTS is one of 666 companies in the Computer and Technology group. The Computer and Technology group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank takes into account 16 different groups, averaging the Zacks Rank of individual stocks within the sector to measure the strength of each group.
Zacks Rank is a proven model that highlights various stocks with the right characteristics to outperform the market in the next one to three months. The system highlights changes in earnings estimates and favors companies with improving earnings outlooks. CTS currently sports a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CTS’s full-year earnings moved 12.7% higher during the last quarter. This means that analyst sentiment is stronger and the stock’s earnings outlook is improving.
Based on the latest data, CTS has returned 0.9% so far this year. At the same time, Computer and Technology stocks lost an average of 39.2%. This means that CTS is outperforming the sector as a whole this year.
Amdocs (DOX) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 14.2%.
Over the past three months, Amdocs’ consensus EPS estimate for the current year has risen 1.3%. The stock currently has a Zacks Rank #2 (Buy).
To break things down further, CTS belongs to the Electronics – Miscellaneous Components industry, a group that includes 27 individual companies and currently sits at #166 on the Zacks Industry Rank. On average, this group has lost an average of 24.1% so far this year, meaning that CTS has outperformed in terms of year-to-date returns.
On the other hand, Amdocs belongs to the Computers – IT Services industry. This 40-stock industry is currently ranked #87. The industry has moved -31.3% year to date.
CTS and Amdocs may continue their strong performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.
5 Stocks Set to Double
Each is selected by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have increased by +143.0%, +175.9%, +498.3% and +673.0% .
Most of the stocks in this report fly under the radar on Wall Street, providing a great opportunity to get in on the ground floor.
Now, Check Out These 5 Potential Home Runs >>
Click to get this free report
CTS Corporation (CTS): Free Stock Analysis Report
Amdocs Limited (DOX): Free Stock Analysis Report
To read this Zacks.com article click here.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.