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Has Amphenol (APH) Outpaced Other Computer and Technology Stocks 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. Amphenol (APH - 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.

Amphenol is a member of the Computer and Technology sector. This group includes 605 individual stocks and currently holds a Zacks Sector Rank of #2. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Amphenol is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for APH's full-year earnings has moved 7.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, APH has gained about 79.2% so far this year. In comparison, Computer and Technology companies have returned an average of 23.9%. This means that Amphenol is performing better than its sector in terms of year-to-date returns.

Domo (DOMO - 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 84.2%.

Over the past three months, Domo's consensus EPS estimate for the current year has increased 10.1%. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, Amphenol is a member of the Electronics - Connectors industry, which includes 2 individual companies and currently sits at #1 in the Zacks Industry Rank. On average, this group has gained an average of 78.7% so far this year, meaning that APH is performing better in terms of year-to-date returns.

Domo, however, belongs to the Internet - Software industry. Currently, this 168-stock industry is ranked #71. The industry has moved +19.3% so far this year.

Amphenol and Domo could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.


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