Investors focused on the Computer and Technology space have likely heard of Kemet (KEM - 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.
Kemet is one of 625 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #3 in 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. KEM is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for KEM's full-year earnings has moved 27.29% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that KEM has returned about 33.33% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 11.15%. This means that Kemet is performing better than its sector in terms of year-to-date returns.
Looking more specifically, KEM belongs to the Electronics - Miscellaneous Components industry, a group that includes 34 individual stocks and currently sits at #42 in the Zacks Industry Rank. On average, stocks in this group have gained 0.72% this year, meaning that KEM is performing better in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to KEM as it looks to continue its solid performance.