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Is Stoneridge (SRI) Stock Outpacing Its Computer and Technology Peers This Year?
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Investors focused on the Computer and Technology space have likely heard of Stoneridge (SRI - Free Report) , 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.
Stoneridge is one of 632 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 gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. SRI is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for SRI's full-year earnings has moved 27.06% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, SRI has gained about 37.01% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 5.38% on average. As we can see, Stoneridge is performing better than its sector in the calendar year.
To break things down more, SRI belongs to the Electronics - Miscellaneous Components industry, a group that includes 34 individual companies and currently sits at #91 in the Zacks Industry Rank. On average, this group has lost an average of 1.89% so far this year, meaning that SRI is performing better 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) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of Stoneridge (SRI - Free Report) , 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.
Stoneridge is one of 632 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 gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. SRI is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for SRI's full-year earnings has moved 27.06% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, SRI has gained about 37.01% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 5.38% on average. As we can see, Stoneridge is performing better than its sector in the calendar year.
To break things down more, SRI belongs to the Electronics - Miscellaneous Components industry, a group that includes 34 individual companies and currently sits at #91 in the Zacks Industry Rank. On average, this group has lost an average of 1.89% so far this year, meaning that SRI is performing better 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.