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Is Arrow Electronics (ARW) Stock Outpacing Its Computer and Technology Peers 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. Arrow Electronics (ARW - 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? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Arrow Electronics is a member of our Computer and Technology group, which includes 599 different companies and currently sits at #1 in the Zacks Sector Rank. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Arrow Electronics is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ARW's full-year earnings has moved 11.3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ARW has returned 30.2% so far this year. In comparison, Computer and Technology companies have returned an average of -7.5%. As we can see, Arrow Electronics is performing better than its sector in the calendar year.
Donnelley Financial Solutions (DFIN - 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 1%.
Over the past three months, Donnelley Financial Solutions' consensus EPS estimate for the current year has increased 30%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Arrow Electronics is a member of the Electronics - Parts Distribution industry, which includes 4 individual companies and currently sits at #24 in the Zacks Industry Rank. This group has gained an average of 19.5% so far this year, so ARW is performing better in this area.
Donnelley Financial Solutions, however, belongs to the Internet - Software and Services industry. Currently, this 12-stock industry is ranked #32. The industry has moved -10% so far this year.
Investors interested in the Computer and Technology sector may want to keep a close eye on Arrow Electronics and Donnelley Financial Solutions as they attempt to continue their solid performance.
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Is Arrow Electronics (ARW) Stock Outpacing Its Computer and Technology Peers 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. Arrow Electronics (ARW - 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? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Arrow Electronics is a member of our Computer and Technology group, which includes 599 different companies and currently sits at #1 in the Zacks Sector Rank. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Arrow Electronics is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for ARW's full-year earnings has moved 11.3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, ARW has returned 30.2% so far this year. In comparison, Computer and Technology companies have returned an average of -7.5%. As we can see, Arrow Electronics is performing better than its sector in the calendar year.
Donnelley Financial Solutions (DFIN - 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 1%.
Over the past three months, Donnelley Financial Solutions' consensus EPS estimate for the current year has increased 30%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Arrow Electronics is a member of the Electronics - Parts Distribution industry, which includes 4 individual companies and currently sits at #24 in the Zacks Industry Rank. This group has gained an average of 19.5% so far this year, so ARW is performing better in this area.
Donnelley Financial Solutions, however, belongs to the Internet - Software and Services industry. Currently, this 12-stock industry is ranked #32. The industry has moved -10% so far this year.
Investors interested in the Computer and Technology sector may want to keep a close eye on Arrow Electronics and Donnelley Financial Solutions as they attempt to continue their solid performance.