Investors focused on the Computer and Technology space have likely heard of SYNNEX (SNX - 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.
SYNNEX is one of 645 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 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 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. SNX is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for SNX's full-year earnings has moved 1.99% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, SNX has gained about 25.25% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 11.66% on average. This means that SYNNEX is performing better than its sector in terms of year-to-date returns.
Breaking things down more, SNX is a member of the Business - Software Services industry, which includes 11 individual companies and currently sits at #25 in the Zacks Industry Rank. This group has gained an average of 16.30% so far this year, so SNX is performing better in this area.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to SNX as it looks 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 SYNNEX (SNX - 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.
SYNNEX is one of 645 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 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 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. SNX is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for SNX's full-year earnings has moved 1.99% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, SNX has gained about 25.25% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 11.66% on average. This means that SYNNEX is performing better than its sector in terms of year-to-date returns.
Breaking things down more, SNX is a member of the Business - Software Services industry, which includes 11 individual companies and currently sits at #25 in the Zacks Industry Rank. This group has gained an average of 16.30% so far this year, so SNX is performing better in this area.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to SNX as it looks 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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