The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Fabrinet (FN) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Fabrinet is a member of the Computer and Technology sector. This group includes 603 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Fabrinet is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for FN's full-year earnings has moved 2.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, FN has returned 1.7% so far this year. In comparison, Computer and Technology companies have returned an average of -10.5%. As we can see, Fabrinet is performing better than its sector in the calendar year.
Another stock in the Computer and Technology sector, Compass, Inc. (COMP), has outperformed the sector so far this year. The stock's year-to-date return is 49.2%.
Over the past three months, Compass, Inc.'s consensus EPS estimate for the current year has increased 66.1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Fabrinet belongs to the Electronics - Miscellaneous Components industry, a group that includes 26 individual stocks and currently sits at #132 in the Zacks Industry Rank. On average, stocks in this group have lost 6.8% this year, meaning that FN is performing better in terms of year-to-date returns.
On the other hand, Compass, Inc. belongs to the Internet - Software industry. This 148-stock industry is currently ranked #75. The industry has moved -3.6% year to date.
Fabrinet and Compass, Inc. could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.
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This article originally published on Zacks Investment Research (zacks.com).
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