May 29, 2024

Is Axcelis Technologies (ACLS) Stock Outpacing Its Computer and Technology Peers This Year?

For those seeking to find sturdy Personal computer and Technologies shares, it is prudent to search for firms in the team that are outperforming their peers. Is Axcelis Systems (ACLS) one particular of those shares suitable now? Let us just take a nearer glimpse at the stock’s year-to-date performance to discover out.

Axcelis Systems is a member of our Laptop and Know-how team, which consists of 647 various companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 distinctive groups, measuring the ordinary Zacks Rank of the particular person stocks inside the sector to gauge the energy of each and every team.

The Zacks Rank is a verified design that highlights a range of stocks with the appropriate traits to outperform the market place above the up coming 1 to 3 months. The method emphasizes earnings estimate revisions and favors firms with improving earnings outlooks. Axcelis Systems is currently sporting a Zacks Rank of #1 (Solid Buy).

Above the past 3 months, the Zacks Consensus Estimate for ACLS’ full-12 months earnings has moved 8.8{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} higher. This is a indicator of bettering analyst sentiment and a constructive earnings outlook pattern.

Primarily based on the most recent data, ACLS has returned 133.8{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} so far this calendar year. At the same time, Computer and Know-how shares have received an typical of 26.4{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add}. This demonstrates that Axcelis Technologies is outperforming its peers so considerably this yr.

Yet another Computer system and Know-how stock, which has outperformed the sector so much this yr, is Bruker (BRKR). The stock has returned 48.3{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} 12 months-to-day.

For Bruker, the consensus EPS estimate for the recent yr has improved 8.4{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} above the previous three months. The stock at this time has a Zacks Rank #2 (Buy).

Wanting extra especially, Axcelis Systems belongs to the Electronics – Producing Equipment sector, which incorporates 11 personal stocks and at this time sits at #41 in the Zacks Marketplace Rank. On ordinary, this team has acquired an ordinary of 35.2{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} so much this calendar year, that means that ACLS is doing better in phrases of year-to-day returns.

On the other hand, Bruker belongs to the Devices – Scientific market. This 6-inventory market is at the moment ranked #57. The marketplace has moved +41.3{18fa003f91e59da06650ea58ab756635467abbb80a253ef708fe12b10efb8add} year to date.

Axcelis Systems and Bruker could continue on their solid functionality, so buyers fascinated in Laptop and Technologies stocks must go on to shell out close consideration to these shares.

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