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Is Universal Display (OLED) 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. Universal Display (OLED - 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 OLED and the rest of the Computer and Technology group's stocks.
Universal Display is a member of the Computer and Technology sector. This group includes 638 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. OLED is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for OLED's full-year earnings has moved 9.83% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, OLED has returned 96.10% so far this year. In comparison, Computer and Technology companies have returned an average of 23.51%. This means that Universal Display is outperforming the sector as a whole this year.
To break things down more, OLED belongs to the Electronics - Miscellaneous Components industry, a group that includes 32 individual companies and currently sits at #228 in the Zacks Industry Rank. Stocks in this group have gained about 24.86% so far this year, so OLED is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on OLED as it attempts to continue its solid performance.
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Is Universal Display (OLED) Outperforming Other Computer and Technology Stocks This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Universal Display (OLED - 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 OLED and the rest of the Computer and Technology group's stocks.
Universal Display is a member of the Computer and Technology sector. This group includes 638 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. OLED is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for OLED's full-year earnings has moved 9.83% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, OLED has returned 96.10% so far this year. In comparison, Computer and Technology companies have returned an average of 23.51%. This means that Universal Display is outperforming the sector as a whole this year.
To break things down more, OLED belongs to the Electronics - Miscellaneous Components industry, a group that includes 32 individual companies and currently sits at #228 in the Zacks Industry Rank. Stocks in this group have gained about 24.86% so far this year, so OLED is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on OLED as it attempts to continue its solid performance.