We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Ericsson (ERIC) Stock Outpacing Its Computer and Technology Peers This Year?
Read MoreHide Full Article
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. Ericsson (ERIC - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of ERIC and the rest of the Computer and Technology group's stocks.
Ericsson is one of 659 companies in the Computer and Technology group. The Computer and Technology group currently sits at #5 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ERIC is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ERIC's full-year earnings has moved 47.37% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ERIC has returned about 33.53% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have lost about 0.30% on average. As we can see, Ericsson is performing better than its sector in the calendar year.
Looking more specifically, ERIC belongs to the Wireless Equipment industry, which includes 16 individual stocks and currently sits at #17 in the Zacks Industry Rank. On average, stocks in this group have gained 6.43% this year, meaning that ERIC 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 ERIC as it looks to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Ericsson (ERIC) Stock Outpacing Its Computer and Technology Peers This Year?
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. Ericsson (ERIC - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of ERIC and the rest of the Computer and Technology group's stocks.
Ericsson is one of 659 companies in the Computer and Technology group. The Computer and Technology group currently sits at #5 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ERIC is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ERIC's full-year earnings has moved 47.37% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ERIC has returned about 33.53% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have lost about 0.30% on average. As we can see, Ericsson is performing better than its sector in the calendar year.
Looking more specifically, ERIC belongs to the Wireless Equipment industry, which includes 16 individual stocks and currently sits at #17 in the Zacks Industry Rank. On average, stocks in this group have gained 6.43% this year, meaning that ERIC 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 ERIC as it looks to continue its solid performance.