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Is ACM Research (ACMR) Outperforming Other Computer and Technology Stocks This Year?
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Investors focused on the Computer and Technology space have likely heard of ACM Research (ACMR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
ACM Research is a member of the Computer and Technology sector. This group includes 630 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. ACMR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ACMR's full-year earnings has moved 19.05% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ACMR has returned 90.51% so far this year. In comparison, Computer and Technology companies have returned an average of 4.37%. This shows that ACM Research is outperforming its peers so far this year.
Looking more specifically, ACMR belongs to the Electronics - Semiconductors industry, which includes 37 individual stocks and currently sits at #35 in the Zacks Industry Rank. On average, stocks in this group have lost 0.44% this year, meaning that ACMR 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 ACMR as it looks to continue its solid performance.
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Is ACM Research (ACMR) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of ACM Research (ACMR - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
ACM Research is a member of the Computer and Technology sector. This group includes 630 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. ACMR is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ACMR's full-year earnings has moved 19.05% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ACMR has returned 90.51% so far this year. In comparison, Computer and Technology companies have returned an average of 4.37%. This shows that ACM Research is outperforming its peers so far this year.
Looking more specifically, ACMR belongs to the Electronics - Semiconductors industry, which includes 37 individual stocks and currently sits at #35 in the Zacks Industry Rank. On average, stocks in this group have lost 0.44% this year, meaning that ACMR 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 ACMR as it looks to continue its solid performance.