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Is SMART Global (SGH) 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. Is SMART Global Holdings (SGH - Free Report) one of those stocks right now? 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.
SMART Global Holdings is one of 635 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within the Zacks Sector Rank. 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 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. SGH is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for SGH's full-year earnings has moved 24.62% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, SGH has gained about 20.48% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 2.94% on average. As we can see, SMART Global Holdings is performing better than its sector in the calendar year.
To break things down more, SGH belongs to the Electronics - Semiconductors industry, a group that includes 35 individual companies and currently sits at #171 in the Zacks Industry Rank. On average, stocks in this group have gained 13.44% this year, meaning that SGH is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track SGH. The stock will be looking to continue its solid performance.
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Is SMART Global (SGH) 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. Is SMART Global Holdings (SGH - Free Report) one of those stocks right now? 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.
SMART Global Holdings is one of 635 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within the Zacks Sector Rank. 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 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. SGH is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for SGH's full-year earnings has moved 24.62% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, SGH has gained about 20.48% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 2.94% on average. As we can see, SMART Global Holdings is performing better than its sector in the calendar year.
To break things down more, SGH belongs to the Electronics - Semiconductors industry, a group that includes 35 individual companies and currently sits at #171 in the Zacks Industry Rank. On average, stocks in this group have gained 13.44% this year, meaning that SGH is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track SGH. The stock will be looking to continue its solid performance.