Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Flex (FLEX) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Flex is one of 614 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. 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 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. Flex is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for FLEX's full-year earnings has moved 11.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, FLEX has returned 109.7% so far this year. At the same time, Computer and Technology stocks have gained an average of 18.6%. This means that Flex is performing better than its sector in terms of year-to-date returns.
Another stock in the Computer and Technology sector, Aehr Test Systems (AEHR), has outperformed the sector so far this year. The stock's year-to-date return is 444.3%.
For Aehr Test Systems, the consensus EPS estimate for the current year has increased 1350% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Flex is a member of the Electronics - Miscellaneous Products industry, which includes 38 individual companies and currently sits at #47 in the Zacks Industry Rank. Stocks in this group have gained about 58.4% so far this year, so FLEX is performing better this group in terms of year-to-date returns.
On the other hand, Aehr Test Systems belongs to the Electronics - Measuring Instruments industry. This 5-stock industry is currently ranked #20. The industry has moved +68.9% year to date.
Investors interested in the Computer and Technology sector may want to keep a close eye on Flex and Aehr Test Systems as they attempt to continue their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).