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Is Universal Display (OLED) Outperforming Other Computer and Technology Stocks This Year?
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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Universal Display (OLED - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Universal Display is one of 635 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 in 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 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. OLED is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for OLED's full-year earnings has moved 20.32% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, OLED has returned 97.68% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 18.73% on a year-to-date basis. This shows that Universal Display is outperforming its peers so far this year.
Breaking things down more, OLED is a member of the Electronics - Miscellaneous Components industry, which includes 31 individual companies and currently sits at #144 in the Zacks Industry Rank. This group has gained an average of 25.34% so far this year, so OLED is performing better in this area.
OLED 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 Universal Display (OLED) Outperforming Other Computer and Technology Stocks This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Universal Display (OLED - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Universal Display is one of 635 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 in 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 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. OLED is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for OLED's full-year earnings has moved 20.32% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, OLED has returned 97.68% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 18.73% on a year-to-date basis. This shows that Universal Display is outperforming its peers so far this year.
Breaking things down more, OLED is a member of the Electronics - Miscellaneous Components industry, which includes 31 individual companies and currently sits at #144 in the Zacks Industry Rank. This group has gained an average of 25.34% so far this year, so OLED is performing better in this area.
OLED 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.