The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Netlist (NLST - 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.
Netlist is one of 623 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. NLST is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for NLST's full-year earnings has moved 6.67% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, NLST has returned 52.81% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 12.82% on a year-to-date basis. This means that Netlist is outperforming the sector as a whole this year.
Breaking things down more, NLST is a member of the Computer- Storage Devices industry, which includes 9 individual companies and currently sits at #20 in the Zacks Industry Rank. This group has gained an average of 7.95% so far this year, so NLST is performing better in this area.
Investors in the Computer and Technology sector will want to keep a close eye on NLST as it attempts to continue its solid performance.