Investors focused on the Computer and Technology space have likely heard of AVX (AVX - 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 AVX and the rest of the Computer and Technology group's stocks.
AVX is one of 642 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. AVX is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for AVX's full-year earnings has moved 9.72% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, AVX has returned 17.31% so far this year. In comparison, Computer and Technology companies have returned an average of 15.56%. This means that AVX is performing better than its sector in terms of year-to-date returns.
To break things down more, AVX belongs to the Electronics - Miscellaneous Components industry, a group that includes 32 individual companies and currently sits at #164 in the Zacks Industry Rank. Stocks in this group have gained about 18.37% so far this year, so AVX is slightly underperforming its industry this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on AVX as it attempts to continue its solid performance.