The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Generac Holdlings (GNRC - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Generac Holdlings is a member of the Computer and Technology sector. This group includes 650 individual stocks and currently holds a Zacks Sector Rank of #4. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. GNRC is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for GNRC's full-year earnings has moved 7% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, GNRC has returned 7.16% so far this year. In comparison, Computer and Technology companies have returned an average of 3.80%. This means that Generac Holdlings is outperforming the sector as a whole this year.
To break things down more, GNRC belongs to the Electronics - Power Generation industry, a group that includes 2 individual companies and currently sits at #112 in the Zacks Industry Rank. This group has gained an average of 8.47% so far this year, so GNRC is slightly underperforming its industry in this area.
Investors in the Computer and Technology sector will want to keep a close eye on GNRC as it attempts to continue its solid performance.