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Is Kemet (KEM) Stock Outpacing Its Computer and Technology Peers This Year?

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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? Let's take a closer look at the stock's year-to-date performance to find out.

Kemet is one of 659 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. 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. KEM is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for KEM's full-year earnings has moved 39.21% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

According to our latest data, KEM has moved about 24.97% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have lost about 2.63% on average. As we can see, Kemet is performing better than its sector in the calendar year.

Looking more specifically, KEM belongs to the Electronics - Miscellaneous Components industry, a group that includes 32 individual stocks and currently sits at #81 in the Zacks Industry Rank. Stocks in this group have lost about 18.84% so far this year, so KEM is performing better this group 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.


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