The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Teradyne (TER - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of TER and the rest of the Computer and Technology group's stocks.
Teradyne is one of 603 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within the Zacks Sector Rank. 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 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. TER is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for TER's full-year earnings has moved 25.74% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that TER has returned about 9.87% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 20.54% on average. As we can see, Teradyne is performing better than its sector in the calendar year.
Looking more specifically, TER belongs to the Electronics - Testing Equipment industry, a group that includes 7 individual stocks and currently sits at #190 in the Zacks Industry Rank. Stocks in this group have gained about 5.01% so far this year, so TER is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track TER. The stock will be looking to continue its solid performance.