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Is ALLIENT INC (ALNT) Outperforming Other Computer and Technology Stocks This Year?
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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Allient (ALNT - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Allient is a member of the Computer and Technology sector. This group includes 604 individual stocks and currently holds a Zacks Sector Rank of #3. 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 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. Allient is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ALNT's full-year earnings has moved 2.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, ALNT has gained about 115.2% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 24.3% on average. This means that Allient is outperforming the sector as a whole this year.
One other Computer and Technology stock that has outperformed the sector so far this year is Navitas Semiconductor Corporation (NVTS - Free Report) . The stock is up 119.6% year-to-date.
For Navitas Semiconductor Corporation, the consensus EPS estimate for the current year has increased 23.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Allient is a member of the Electronics - Miscellaneous Components industry, which includes 24 individual companies and currently sits at #62 in the Zacks Industry Rank. This group has gained an average of 51.5% so far this year, so ALNT is performing better in this area.
On the other hand, Navitas Semiconductor Corporation belongs to the Electronics - Semiconductors industry. This 45-stock industry is currently ranked #92. The industry has moved +40.5% year to date.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Allient and Navitas Semiconductor Corporation as they could maintain their solid performance.
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Is ALLIENT INC (ALNT) Outperforming Other Computer and Technology Stocks This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Allient (ALNT - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Allient is a member of the Computer and Technology sector. This group includes 604 individual stocks and currently holds a Zacks Sector Rank of #3. 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 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. Allient is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ALNT's full-year earnings has moved 2.7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, ALNT has gained about 115.2% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 24.3% on average. This means that Allient is outperforming the sector as a whole this year.
One other Computer and Technology stock that has outperformed the sector so far this year is Navitas Semiconductor Corporation (NVTS - Free Report) . The stock is up 119.6% year-to-date.
For Navitas Semiconductor Corporation, the consensus EPS estimate for the current year has increased 23.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Allient is a member of the Electronics - Miscellaneous Components industry, which includes 24 individual companies and currently sits at #62 in the Zacks Industry Rank. This group has gained an average of 51.5% so far this year, so ALNT is performing better in this area.
On the other hand, Navitas Semiconductor Corporation belongs to the Electronics - Semiconductors industry. This 45-stock industry is currently ranked #92. The industry has moved +40.5% year to date.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Allient and Navitas Semiconductor Corporation as they could maintain their solid performance.