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? One simple way to answer this question is to take a look at the year-to-date performance of KEM and the rest of the Computer and Technology group's stocks.
Kemet is a member of our Computer and Technology group, which includes 654 different companies and currently sits 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. KEM is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for KEM's full-year earnings has moved 39.21% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, KEM has returned 14.61% so far this year. At the same time, Computer and Technology stocks have lost an average of 6.48%. This means that Kemet is outperforming the sector as a whole this year.
Looking more specifically, KEM belongs to the Electronics - Miscellaneous Components industry, which includes 31 individual stocks and currently sits at #152 in the Zacks Industry Rank. Stocks in this group have lost about 21.93% so far this year, so KEM is performing better this group in terms of year-to-date returns.
KEM will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.