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Has Garmin (GRMN) Outpaced Other Computer and Technology Stocks This Year?

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Investors focused on the Computer and Technology space have likely heard of Garmin (GRMN - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Garmin is one of 625 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 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 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. GRMN is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for GRMN's full-year earnings has moved 5.13% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that GRMN has returned about 13.68% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 13.45%. As we can see, Garmin is performing better than its sector in the calendar year.

To break things down more, GRMN belongs to the Electronics - Miscellaneous Products industry, a group that includes 21 individual companies and currently sits at #222 in the Zacks Industry Rank. On average, this group has gained an average of 10.87% so far this year, meaning that GRMN is performing better in terms of year-to-date returns.

Investors with an interest in Computer and Technology stocks should continue to track GRMN. The stock will be looking to continue its solid performance.

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