Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Xcerra 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.
Xcerra is one of 630 companies in the Computer and Technology group. The Computer and Technology group currently sits at #8 within 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 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. XCRA is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for XCRA's full-year earnings has moved 4.38% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, XCRA has moved about 44.84% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 9.08% on a year-to-date basis. This means that Xcerra is outperforming the sector as a whole this year.
Looking more specifically, XCRA belongs to the Semiconductor - General industry, a group that includes 8 individual stocks and currently sits at #9 in the Zacks Industry Rank. On average, this group has gained an average of 22.05% so far this year, meaning that XCRA is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track XCRA. The stock will be looking to continue its solid performance.