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Is Qorvo (QRVO) Outperforming Other Computer and Technology Stocks This Year?
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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Qorvo (QRVO - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Qorvo is a member of the Computer and Technology sector. This group includes 629 individual stocks and currently holds a Zacks Sector Rank of #5. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. QRVO is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for QRVO's full-year earnings has moved 10.77% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, QRVO has moved about 71.07% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 28.34%. This shows that Qorvo is outperforming its peers so far this year.
Breaking things down more, QRVO is a member of the Semiconductors - Radio Frequency industry, which includes 4 individual companies and currently sits at #16 in the Zacks Industry Rank. This group has gained an average of 56.10% so far this year, so QRVO is performing better in this area.
QRVO will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
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Is Qorvo (QRVO) Outperforming Other Computer and Technology Stocks This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Qorvo (QRVO - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Qorvo is a member of the Computer and Technology sector. This group includes 629 individual stocks and currently holds a Zacks Sector Rank of #5. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. QRVO is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for QRVO's full-year earnings has moved 10.77% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, QRVO has moved about 71.07% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 28.34%. This shows that Qorvo is outperforming its peers so far this year.
Breaking things down more, QRVO is a member of the Semiconductors - Radio Frequency industry, which includes 4 individual companies and currently sits at #16 in the Zacks Industry Rank. This group has gained an average of 56.10% so far this year, so QRVO is performing better in this area.
QRVO will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.