The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has AVX (AVX - 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.
AVX is a member of our Computer and Technology group, which includes 625 different companies and currently sits at #3 in 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AVX is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AVX's full-year earnings has moved 72% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AVX has moved about 12.77% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 10.33% on a year-to-date basis. This means that AVX is outperforming the sector as a whole this year.
To break things down more, AVX belongs to the Electronics - Miscellaneous Components industry, a group that includes 34 individual companies and currently sits at #51 in the Zacks Industry Rank. This group has gained an average of 0.62% so far this year, so AVX is performing better in this area.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to AVX as it looks to continue its solid performance.