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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 a member of our Computer and Technology group, which includes 647 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 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 #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for KEM's full-year earnings has moved 39.21% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, KEM has gained about 3.19% so far this year. At the same time, Computer and Technology stocks have gained an average of 2.50%. This means that Kemet is performing better than its sector in terms of year-to-date returns.
Looking more specifically, KEM belongs to the Electronics - Miscellaneous Components industry, which includes 32 individual stocks and currently sits at #91 in the Zacks Industry Rank. This group has gained an average of 4.96% so far this year, so KEM is slightly underperforming its industry in this area.
Investors in the Computer and Technology sector will want to keep a close eye on KEM as it attempts to continue its solid performance.
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Is Kemet (KEM) Stock Outpacing Its Computer and Technology Peers This Year?
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 a member of our Computer and Technology group, which includes 647 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 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 #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for KEM's full-year earnings has moved 39.21% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, KEM has gained about 3.19% so far this year. At the same time, Computer and Technology stocks have gained an average of 2.50%. This means that Kemet is performing better than its sector in terms of year-to-date returns.
Looking more specifically, KEM belongs to the Electronics - Miscellaneous Components industry, which includes 32 individual stocks and currently sits at #91 in the Zacks Industry Rank. This group has gained an average of 4.96% so far this year, so KEM is slightly underperforming its industry in this area.
Investors in the Computer and Technology sector will want to keep a close eye on KEM as it attempts to continue its solid performance.