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Is SYNNEX (SNX) Outperforming Other Computer and Technology Stocks This Year?

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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. SYNNEX (SNX - 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 SNX and the rest of the Computer and Technology group's stocks.

SYNNEX is a member of our Computer and Technology group, which includes 650 different companies and currently sits at #3 in 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 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. SNX is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for SNX's full-year earnings has moved 0.81% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, SNX has moved about 5.47% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 3.50% on average. As we can see, SYNNEX is performing better than its sector in the calendar year.

Looking more specifically, SNX belongs to the Business - Software Services industry, which includes 11 individual stocks and currently sits at #172 in the Zacks Industry Rank. On average, this group has gained an average of 2% so far this year, meaning that SNX is performing better in terms of year-to-date returns.

Investors with an interest in Computer and Technology stocks should continue to track SNX. The stock will be looking to continue its solid performance.


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