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Is ASML Holding N.V. (ASML) Stock Outpacing Its Computer and Technology Peers This Year?
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Investors focused on the Computer and Technology space have likely heard of ASML Holding N.V. (ASML - 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.
ASML Holding N.V. is one of 617 companies in the Computer and Technology group. The Computer and Technology group currently sits at #14 within 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. ASML is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ASML's full-year earnings has moved 23.01% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ASML has moved about 44.28% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 19.72% on a year-to-date basis. This means that ASML Holding N.V. is outperforming the sector as a whole this year.
Looking more specifically, ASML belongs to the Semiconductor Equipment - Wafer Fabrication industry, which includes 4 individual stocks and currently sits at #85 in the Zacks Industry Rank. On average, this group has gained an average of 47.62% so far this year, meaning that ASML is slightly underperforming its industry in terms of year-to-date returns.
ASML will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
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Is ASML Holding N.V. (ASML) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of ASML Holding N.V. (ASML - 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.
ASML Holding N.V. is one of 617 companies in the Computer and Technology group. The Computer and Technology group currently sits at #14 within 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. ASML is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ASML's full-year earnings has moved 23.01% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ASML has moved about 44.28% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 19.72% on a year-to-date basis. This means that ASML Holding N.V. is outperforming the sector as a whole this year.
Looking more specifically, ASML belongs to the Semiconductor Equipment - Wafer Fabrication industry, which includes 4 individual stocks and currently sits at #85 in the Zacks Industry Rank. On average, this group has gained an average of 47.62% so far this year, meaning that ASML is slightly underperforming its industry in terms of year-to-date returns.
ASML will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.