Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Avnet (AVT - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Avnet is a member of the Computer and Technology sector. This group includes 665 individual stocks and currently holds a Zacks Sector Rank of #8. 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. Avnet is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AVT's full-year earnings has moved 25.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, AVT has gained about 5.9% so far this year. In comparison, Computer and Technology companies have returned an average of -23.1%. This means that Avnet is performing better than its sector in terms of year-to-date returns.
Another stock in the Computer and Technology sector, Celestica (CLS - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 0.9%.
In Celestica's case, the consensus EPS estimate for the current year increased 9.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Avnet belongs to the Electronics - Parts Distribution industry, a group that includes 4 individual stocks and currently sits at #47 in the Zacks Industry Rank. This group has lost an average of 7% so far this year, so AVT is performing better in this area.
On the other hand, Celestica belongs to the Electronics - Manufacturing Services industry. This 5-stock industry is currently ranked #21. The industry has moved -13.4% year to date.
Investors interested in the Computer and Technology sector may want to keep a close eye on Avnet and Celestica as they attempt to continue their solid performance.
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 interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Avnet (AVT - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Avnet is a member of the Computer and Technology sector. This group includes 665 individual stocks and currently holds a Zacks Sector Rank of #8. 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. Avnet is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AVT's full-year earnings has moved 25.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, AVT has gained about 5.9% so far this year. In comparison, Computer and Technology companies have returned an average of -23.1%. This means that Avnet is performing better than its sector in terms of year-to-date returns.
Another stock in the Computer and Technology sector, Celestica (CLS - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 0.9%.
In Celestica's case, the consensus EPS estimate for the current year increased 9.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Avnet belongs to the Electronics - Parts Distribution industry, a group that includes 4 individual stocks and currently sits at #47 in the Zacks Industry Rank. This group has lost an average of 7% so far this year, so AVT is performing better in this area.
On the other hand, Celestica belongs to the Electronics - Manufacturing Services industry. This 5-stock industry is currently ranked #21. The industry has moved -13.4% year to date.
Investors interested in the Computer and Technology sector may want to keep a close eye on Avnet and Celestica as they attempt to continue their solid performance.
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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