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Is Stoneridge (SRI) Outperforming Other Computer and Technology Stocks This Year?
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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Stoneridge (SRI - Free Report) 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 SRI and the rest of the Computer and Technology group's stocks.
Stoneridge is one of 635 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #5 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 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. SRI is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for SRI's full-year earnings has moved 18.91% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, SRI has moved about 15.44% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 1.40%. As we can see, Stoneridge is performing better than its sector in the calendar year.
Breaking things down more, SRI is a member of the Electronics - Miscellaneous Components industry, which includes 35 individual companies and currently sits at #159 in the Zacks Industry Rank. Stocks in this group have lost about 5.80% so far this year, so SRI is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to SRI as it looks to continue its solid performance.
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Is Stoneridge (SRI) Outperforming Other Computer and Technology Stocks This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Stoneridge (SRI - Free Report) 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 SRI and the rest of the Computer and Technology group's stocks.
Stoneridge is one of 635 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #5 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 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. SRI is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for SRI's full-year earnings has moved 18.91% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, SRI has moved about 15.44% on a year-to-date basis. At the same time, Computer and Technology stocks have gained an average of 1.40%. As we can see, Stoneridge is performing better than its sector in the calendar year.
Breaking things down more, SRI is a member of the Electronics - Miscellaneous Components industry, which includes 35 individual companies and currently sits at #159 in the Zacks Industry Rank. Stocks in this group have lost about 5.80% so far this year, so SRI is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to SRI as it looks to continue its solid performance.