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Is Jabil (JBL) 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 Jabil (JBL - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Jabil is a member of the Computer and Technology sector. This group includes 646 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. JBL is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for JBL's full-year earnings has moved 1.24% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, JBL has gained about 9.92% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 9.87% on a year-to-date basis. As we can see, Jabil is performing better than its sector in the calendar year.
Looking more specifically, JBL belongs to the Electronics - Manufacturing Services industry, a group that includes 5 individual stocks and currently sits at #33 in the Zacks Industry Rank. On average, stocks in this group have gained 14.11% this year, meaning that JBL is slightly underperforming its industry in terms of year-to-date returns.
JBL 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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Is Jabil (JBL) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of Jabil (JBL - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Jabil is a member of the Computer and Technology sector. This group includes 646 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. JBL is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for JBL's full-year earnings has moved 1.24% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, JBL has gained about 9.92% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 9.87% on a year-to-date basis. As we can see, Jabil is performing better than its sector in the calendar year.
Looking more specifically, JBL belongs to the Electronics - Manufacturing Services industry, a group that includes 5 individual stocks and currently sits at #33 in the Zacks Industry Rank. On average, stocks in this group have gained 14.11% this year, meaning that JBL is slightly underperforming its industry in terms of year-to-date returns.
JBL 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.