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. Has Generac Holdlings (GNRC - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Generac Holdlings is a member of the Computer and Technology sector. This group includes 659 individual stocks and currently holds a Zacks Sector Rank of #7. 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. GNRC is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for GNRC's full-year earnings has moved 13.28% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, GNRC has returned 14.22% so far this year. At the same time, Computer and Technology stocks have lost an average of 2.88%. This shows that Generac Holdlings is outperforming its peers so far this year.
Breaking things down more, GNRC is a member of the Electronics - Power Generation industry, which includes 2 individual companies and currently sits at #21 in the Zacks Industry Rank. On average, this group has lost an average of 43.73% so far this year, meaning that GNRC is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track GNRC. The stock will be looking to continue its solid performance.