The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has ACM Research, Inc. (ACMR) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
ACM Research, Inc. is one of 606 companies in the Computer and Technology group. The Computer and Technology group currently sits at #1 within 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 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. ACM Research, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ACMR's full-year earnings has moved 20% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ACMR has returned about 16.4% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of -6.1%. This means that ACM Research, Inc. is outperforming the sector as a whole this year.
One other Computer and Technology stock that has outperformed the sector so far this year is Advanced Energy Industries (AEIS). The stock is up 70.2% year-to-date.
In Advanced Energy Industries' case, the consensus EPS estimate for the current year increased 13.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, ACM Research, Inc. belongs to the Semiconductor Equipment - Material Services industry, a group that includes 1 individual stocks and currently sits at #1 in the Zacks Industry Rank. Stocks in this group have gained about 19.8% so far this year, so ACMR is slightly underperforming its industry this group in terms of year-to-date returns.
Advanced Energy Industries, however, belongs to the Semiconductor Equipment - Wafer Fabrication industry. Currently, this 2-stock industry is ranked #5. The industry has moved +31.5% so far this year.
Investors interested in the Computer and Technology sector may want to keep a close eye on ACM Research, Inc. and Advanced Energy Industries as they attempt to continue their solid performance.
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ACM Research, Inc. (ACMR): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).