Investors focused on the Computer and Technology space have likely heard of Logitech International (LOGI - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of LOGI and the rest of the Computer and Technology group's stocks.
Logitech International 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 includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. LOGI is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for LOGI's full-year earnings has moved 2.50% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, LOGI has returned 1.58% so far this year. In comparison, Computer and Technology companies have returned an average of 1.35%. As we can see, Logitech International is performing better than its sector in the calendar year.
Looking more specifically, LOGI belongs to the Computer - Peripheral Equipment industry, a group that includes 12 individual stocks and currently sits at #64 in the Zacks Industry Rank. On average, this group has lost an average of 18.45% so far this year, meaning that LOGI 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 LOGI as it looks to continue its solid performance.