Investors focused on the Computer and Technology space have likely heard of AMETEK (AME - 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.
AMETEK is one of 627 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. AME is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AME's full-year earnings has moved 2.62% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AME has moved about 4.71% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 10.16% on average. This shows that AMETEK is outperforming its peers so far this year.
Breaking things down more, AME is a member of the Electronics - Testing Equipment industry, which includes 7 individual companies and currently sits at #23 in the Zacks Industry Rank. This group has gained an average of 2.33% so far this year, so AME is performing better in this area.
Investors in the Computer and Technology sector will want to keep a close eye on AME as it attempts to continue its 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 focused on the Computer and Technology space have likely heard of AMETEK (AME - 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.
AMETEK is one of 627 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. AME is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AME's full-year earnings has moved 2.62% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AME has moved about 4.71% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 10.16% on average. This shows that AMETEK is outperforming its peers so far this year.
Breaking things down more, AME is a member of the Electronics - Testing Equipment industry, which includes 7 individual companies and currently sits at #23 in the Zacks Industry Rank. This group has gained an average of 2.33% so far this year, so AME is performing better in this area.
Investors in the Computer and Technology sector will want to keep a close eye on AME as it attempts to continue its 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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