Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Cutera (CUTR - 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.
Cutera is a member of our Computer and Technology group, which includes 632 different companies and currently sits at #7 in the Zacks Sector Rank. 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 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. CUTR is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CUTR's full-year earnings has moved 16.67% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, CUTR has moved about 70.68% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 21.98%. This means that Cutera is outperforming the sector as a whole this year.
Looking more specifically, CUTR belongs to the Lasers Systems and Components industry, a group that includes 6 individual stocks and currently sits at #74 in the Zacks Industry Rank. Stocks in this group have gained about 12.19% so far this year, so CUTR is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track CUTR. The stock will be looking to continue its solid performance.