Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Logitech International (LOGI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Logitech International is one of 641 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. LOGI is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for LOGI's full-year earnings has moved 3.04% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, LOGI has returned 23.31% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 19.28% on average. As we can see, Logitech International is performing better than its sector in the calendar year.
Looking more specifically, LOGI belongs to the Computer - Peripheral Equipment industry, a group that includes 12 individual stocks and currently sits at #42 in the Zacks Industry Rank. On average, stocks in this group have gained 18.17% this year, meaning that LOGI is performing better in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to LOGI as it looks to continue its solid performance.