For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Cass Information Systems (CASS) 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.
Cass Information Systems is a member of the Computer and Technology sector. This group includes 613 individual stocks and currently holds a Zacks Sector Rank of #1. 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. Cass Information Systems is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CASS' full-year earnings has moved 6.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, CASS has returned 26.2% so far this year. At the same time, Computer and Technology stocks have gained an average of 16.8%. As we can see, Cass Information Systems is performing better than its sector in the calendar year.
One other Computer and Technology stock that has outperformed the sector so far this year is Fabrinet (FN). The stock is up 20.2% year-to-date.
Over the past three months, Fabrinet's consensus EPS estimate for the current year has increased 8.6%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Cass Information Systems is a member of the Computer - Services industry, which includes 7 individual companies and currently sits at #25 in the Zacks Industry Rank. On average, this group has lost an average of 17.8% so far this year, meaning that CASS is performing better in terms of year-to-date returns.
Fabrinet, however, belongs to the Electronics - Miscellaneous Components industry. Currently, this 28-stock industry is ranked #70. The industry has moved -5.7% so far this year.
Investors with an interest in Computer and Technology stocks should continue to track Cass Information Systems and Fabrinet. These stocks will be looking to continue their solid performance.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cass Information Systems, Inc (CASS): Free Stock Analysis Report
Fabrinet (FN): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).