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Is Advanced Energy Industries (AEIS) Stock Outpacing Its Computer and Technology Peers 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. Advanced Energy Industries (AEIS - 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? 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.
Advanced Energy Industries is one of 613 companies in the Computer and Technology group. The Computer and Technology group currently sits at #3 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 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. Advanced Energy Industries is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AEIS' full-year earnings has moved 23.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, AEIS has returned 21.5% so far this year. At the same time, Computer and Technology stocks have gained an average of 19.3%. This means that Advanced Energy Industries 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 Digital Turbine (APPS - Free Report) . The stock is up 119.2% year-to-date.
For Digital Turbine, the consensus EPS estimate for the current year has increased 10.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Advanced Energy Industries belongs to the Semiconductor Equipment - Wafer Fabrication industry, a group that includes 2 individual companies and currently sits at #12 in the Zacks Industry Rank. On average, stocks in this group have gained 51.1% this year, meaning that AEIS is slightly underperforming its industry in terms of year-to-date returns.
In contrast, Digital Turbine falls under the Internet - Software industry. Currently, this industry has 174 stocks and is ranked #78. Since the beginning of the year, the industry has moved +3.9%.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Advanced Energy Industries and Digital Turbine as they could maintain their solid performance.
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Is Advanced Energy Industries (AEIS) Stock Outpacing Its Computer and Technology Peers 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. Advanced Energy Industries (AEIS - 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? 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.
Advanced Energy Industries is one of 613 companies in the Computer and Technology group. The Computer and Technology group currently sits at #3 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 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. Advanced Energy Industries is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AEIS' full-year earnings has moved 23.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, AEIS has returned 21.5% so far this year. At the same time, Computer and Technology stocks have gained an average of 19.3%. This means that Advanced Energy Industries 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 Digital Turbine (APPS - Free Report) . The stock is up 119.2% year-to-date.
For Digital Turbine, the consensus EPS estimate for the current year has increased 10.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Advanced Energy Industries belongs to the Semiconductor Equipment - Wafer Fabrication industry, a group that includes 2 individual companies and currently sits at #12 in the Zacks Industry Rank. On average, stocks in this group have gained 51.1% this year, meaning that AEIS is slightly underperforming its industry in terms of year-to-date returns.
In contrast, Digital Turbine falls under the Internet - Software industry. Currently, this industry has 174 stocks and is ranked #78. Since the beginning of the year, the industry has moved +3.9%.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Advanced Energy Industries and Digital Turbine as they could maintain their solid performance.