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Are Computer and Technology Stocks Lagging Celestica (CLS) This Year?
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For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Celestica (CLS - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Celestica is one of 606 companies in the Computer and Technology group. The Computer and Technology group currently sits at #1 within 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 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. Celestica is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CLS' full-year earnings has moved 12.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CLS has returned 181.5% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 24.1% on average. This means that Celestica is performing better than its sector in terms of year-to-date returns.
Another stock in the Computer and Technology sector, Advanced Energy Industries (AEIS - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 55.7%.
Over the past three months, Advanced Energy Industries' consensus EPS estimate for the current year has increased 11.6%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Celestica belongs to the Electronics - Manufacturing Services industry, a group that includes 4 individual stocks and currently sits at #40 in the Zacks Industry Rank. Stocks in this group have gained about 77.8% so far this year, so CLS is performing better this group in terms of year-to-date returns.
On the other hand, Advanced Energy Industries belongs to the Semiconductor Equipment - Wafer Fabrication industry. This 2-stock industry is currently ranked #17. The industry has moved +41.7% year to date.
Investors interested in the Computer and Technology sector may want to keep a close eye on Celestica and Advanced Energy Industries as they attempt to continue their solid performance.
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Are Computer and Technology Stocks Lagging Celestica (CLS) This Year?
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Celestica (CLS - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Celestica is one of 606 companies in the Computer and Technology group. The Computer and Technology group currently sits at #1 within 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 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. Celestica is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CLS' full-year earnings has moved 12.6% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CLS has returned 181.5% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 24.1% on average. This means that Celestica is performing better than its sector in terms of year-to-date returns.
Another stock in the Computer and Technology sector, Advanced Energy Industries (AEIS - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 55.7%.
Over the past three months, Advanced Energy Industries' consensus EPS estimate for the current year has increased 11.6%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Celestica belongs to the Electronics - Manufacturing Services industry, a group that includes 4 individual stocks and currently sits at #40 in the Zacks Industry Rank. Stocks in this group have gained about 77.8% so far this year, so CLS is performing better this group in terms of year-to-date returns.
On the other hand, Advanced Energy Industries belongs to the Semiconductor Equipment - Wafer Fabrication industry. This 2-stock industry is currently ranked #17. The industry has moved +41.7% year to date.
Investors interested in the Computer and Technology sector may want to keep a close eye on Celestica and Advanced Energy Industries as they attempt to continue their solid performance.