Investors focused on the Computer and Technology space have likely heard of Stoneridge (SRI - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Stoneridge is a member of our Computer and Technology group, which includes 630 different companies and currently sits at #7 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. SRI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for SRI's full-year earnings has moved 7.59% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, SRI has gained about 38.85% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 9.56% on average. As we can see, Stoneridge is performing better than its sector in the calendar year.
To break things down more, SRI belongs to the Electronics - Miscellaneous Components industry, a group that includes 34 individual companies and currently sits at #82 in the Zacks Industry Rank. This group has lost an average of 0.27% so far this year, so SRI is performing better in this area.
SRI will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.