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Is Fabrinet (FN) Stock Outpacing Its Computer and Technology Peers This Year?
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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Fabrinet (FN - Free Report) one of those stocks right now? 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.
Fabrinet is a member of the Computer and Technology sector. This group includes 605 individual stocks and currently holds a Zacks Sector Rank of #1. 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 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. Fabrinet is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for FN's full-year earnings has moved 3.4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, FN has returned 85.4% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 24.5% on a year-to-date basis. As we can see, Fabrinet is performing better than its sector in the calendar year.
eGain (EGAN - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 123%.
The consensus estimate for eGain's current year EPS has increased 220% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Fabrinet belongs to the Electronics - Miscellaneous Components industry, a group that includes 24 individual companies and currently sits at #41 in the Zacks Industry Rank. This group has gained an average of 44.2% so far this year, so FN is performing better in this area.
In contrast, eGain falls under the Internet - Software industry. Currently, this industry has 168 stocks and is ranked #60. Since the beginning of the year, the industry has moved +18.7%.
Investors with an interest in Computer and Technology stocks should continue to track Fabrinet and eGain. These stocks will be looking to continue their solid performance.
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Is Fabrinet (FN) Stock Outpacing Its Computer and Technology Peers This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Fabrinet (FN - Free Report) one of those stocks right now? 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.
Fabrinet is a member of the Computer and Technology sector. This group includes 605 individual stocks and currently holds a Zacks Sector Rank of #1. 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 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. Fabrinet is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for FN's full-year earnings has moved 3.4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, FN has returned 85.4% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 24.5% on a year-to-date basis. As we can see, Fabrinet is performing better than its sector in the calendar year.
eGain (EGAN - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 123%.
The consensus estimate for eGain's current year EPS has increased 220% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Fabrinet belongs to the Electronics - Miscellaneous Components industry, a group that includes 24 individual companies and currently sits at #41 in the Zacks Industry Rank. This group has gained an average of 44.2% so far this year, so FN is performing better in this area.
In contrast, eGain falls under the Internet - Software industry. Currently, this industry has 168 stocks and is ranked #60. Since the beginning of the year, the industry has moved +18.7%.
Investors with an interest in Computer and Technology stocks should continue to track Fabrinet and eGain. These stocks will be looking to continue their solid performance.