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Is Kyocera (KYOAY) 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. Kyocera (KYOAY - 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.
Kyocera is one of 619 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 in 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 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. Kyocera is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for KYOAY's full-year earnings has moved 28.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, KYOAY has moved about 70.2% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 25.3% on a year-to-date basis. This shows that Kyocera is outperforming its peers so far this year.
One other Computer and Technology stock that has outperformed the sector so far this year is Dell Technologies (DELL - Free Report) . The stock is up 359.9% year-to-date.
The consensus estimate for Dell Technologies' current year EPS has increased 41.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Kyocera belongs to the Electronics - Miscellaneous Components industry, a group that includes 29 individual companies and currently sits at #79 in the Zacks Industry Rank. This group has lost an average of 13% so far this year, so KYOAY is performing better in this area.
In contrast, Dell Technologies falls under the Computer - Micro Computers industry. Currently, this industry has 5 stocks and is ranked #14. Since the beginning of the year, the industry has moved +30.9%.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Kyocera and Dell Technologies as they could maintain their solid performance.
View the Zacks #1 Rank List
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Is Kyocera (KYOAY) 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. Kyocera (KYOAY - 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.
Kyocera is one of 619 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 in 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 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. Kyocera is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for KYOAY's full-year earnings has moved 28.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, KYOAY has moved about 70.2% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 25.3% on a year-to-date basis. This shows that Kyocera is outperforming its peers so far this year.
One other Computer and Technology stock that has outperformed the sector so far this year is Dell Technologies (DELL - Free Report) . The stock is up 359.9% year-to-date.
The consensus estimate for Dell Technologies' current year EPS has increased 41.7% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Kyocera belongs to the Electronics - Miscellaneous Components industry, a group that includes 29 individual companies and currently sits at #79 in the Zacks Industry Rank. This group has lost an average of 13% so far this year, so KYOAY is performing better in this area.
In contrast, Dell Technologies falls under the Computer - Micro Computers industry. Currently, this industry has 5 stocks and is ranked #14. Since the beginning of the year, the industry has moved +30.9%.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Kyocera and Dell Technologies as they could maintain their solid performance.