Investors focused on the Computer and Technology space have likely heard of Garmin (GRMN - 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 GRMN and the rest of the Computer and Technology group's stocks.
Garmin is a member of the Computer and Technology sector. This group includes 630 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. GRMN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for GRMN's full-year earnings has moved 6.71% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that GRMN has returned about 52.38% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 27.45% on average. As we can see, Garmin is performing better than its sector in the calendar year.
Looking more specifically, GRMN belongs to the Electronics - Miscellaneous Products industry, which includes 17 individual stocks and currently sits at #81 in the Zacks Industry Rank. Stocks in this group have gained about 44.19% so far this year, so GRMN is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on GRMN 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 Garmin (GRMN - 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 GRMN and the rest of the Computer and Technology group's stocks.
Garmin is a member of the Computer and Technology sector. This group includes 630 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. GRMN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for GRMN's full-year earnings has moved 6.71% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that GRMN has returned about 52.38% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 27.45% on average. As we can see, Garmin is performing better than its sector in the calendar year.
Looking more specifically, GRMN belongs to the Electronics - Miscellaneous Products industry, which includes 17 individual stocks and currently sits at #81 in the Zacks Industry Rank. Stocks in this group have gained about 44.19% so far this year, so GRMN is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on GRMN 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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