Is Flex (FLEX) Outperforming Other Computer and Technology Stocks This Year?
For individuals searching to find solid Personal computer and Know-how stocks, it is prudent to lookup for companies in the group that are outperforming their peers. Has Flex (FLEX) been 1 of people shares this 12 months? Let’s acquire a closer search at the stock’s year-to-day functionality to come across out.
Flex is a member of the Personal computer and Technologies sector. This group includes 656 person stocks and presently holds a Zacks Sector Rank of #6. The Zacks Sector Rank considers 16 different sector teams. The normal Zacks Rank of the personal stocks within the teams is calculated, and the sectors are listed from ideal to worst.
The Zacks Rank is a demonstrated model that highlights a selection of stocks with the right traits to outperform the market place over the following one to a few months. The procedure emphasizes earnings estimate revisions and favors organizations with increasing earnings outlooks. Flex is at this time sporting a Zacks Rank of #1 (Solid Acquire).
Over the earlier three months, the Zacks Consensus Estimate for FLEX’s entire-yr earnings has moved 4.1% better. This is a indication of improving upon analyst sentiment and a positive earnings outlook pattern.
Our most recent readily available facts demonstrates that FLEX has returned about 6.8% because the start of the calendar yr. At the similar time, Computer system and Engineering shares have shed an normal of 33.9%. This suggests that Flex is outperforming the sector as a entire this year.
A person other Computer system and Know-how inventory that has outperformed the sector so considerably this 12 months is Impinj (PI). The stock is up 29.2% calendar year-to-date.
In Impinj’s situation, the consensus EPS estimate for the current calendar year amplified 30.5% around the earlier a few months. The stock now has a Zacks Rank #2 (Invest in).
Breaking matters down extra, Flex is a member of the Electronics – Miscellaneous Products field, which contains 27 individual firms and now sits at #65 in the Zacks Sector Rank. This group has lost an regular of 41.4% so much this year, so FLEX is doing better in this location.
In contrast, Impinj falls beneath the Electronics – Semiconductors field. Presently, this marketplace has 40 shares and is ranked #191. Due to the fact the commencing of the year, the industry has moved -38%.
Buyers with an desire in Pc and Technological know-how stocks should really continue on to monitor Flex and Impinj. These shares will be on the lookout to continue on their good efficiency.
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