Investors focused on the Computer and Technology space have likely heard of Ultra Clean Holdings (UCTT - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of UCTT and the rest of the Computer and Technology group's stocks.
Ultra Clean Holdings is a member of our Computer and Technology group, which includes 615 different companies and currently sits at #6 in the Zacks Sector Rank. 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 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. UCTT is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for UCTT's full-year earnings has moved 13.24% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, UCTT has gained about 39.75% so far this year. At the same time, Computer and Technology stocks have gained an average of 39.24%. This shows that Ultra Clean Holdings is outperforming its peers so far this year.
Breaking things down more, UCTT is a member of the Electronics - Manufacturing Machinery industry, which includes 11 individual companies and currently sits at #41 in the Zacks Industry Rank. This group has gained an average of 58.22% so far this year, so UCTT is slightly underperforming its industry in this area.
UCTT 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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors focused on the Computer and Technology space have likely heard of Ultra Clean Holdings (UCTT - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of UCTT and the rest of the Computer and Technology group's stocks.
Ultra Clean Holdings is a member of our Computer and Technology group, which includes 615 different companies and currently sits at #6 in the Zacks Sector Rank. 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 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. UCTT is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for UCTT's full-year earnings has moved 13.24% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, UCTT has gained about 39.75% so far this year. At the same time, Computer and Technology stocks have gained an average of 39.24%. This shows that Ultra Clean Holdings is outperforming its peers so far this year.
Breaking things down more, UCTT is a member of the Electronics - Manufacturing Machinery industry, which includes 11 individual companies and currently sits at #41 in the Zacks Industry Rank. This group has gained an average of 58.22% so far this year, so UCTT is slightly underperforming its industry in this area.
UCTT 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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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