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. Has Logitech International (LOGI - Free Report) been one of those stocks this year? 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.
Logitech International is one of 625 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 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. LOGI is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for LOGI's full-year earnings has moved 40.35% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, LOGI has returned 47.09% so far this year. In comparison, Computer and Technology companies have returned an average of 12.96%. This means that Logitech International is performing better than its sector in terms of year-to-date returns.
To break things down more, LOGI belongs to the Computer - Peripheral Equipment industry, a group that includes 12 individual companies and currently sits at #217 in the Zacks Industry Rank. On average, this group has gained an average of 1.47% so far this year, meaning that LOGI is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on LOGI as it attempts to continue its solid performance.