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Is Jabil (JBL) Stock Outpacing Its Computer and Technology Peers This Year?
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Investors focused on the Computer and Technology space have likely heard of Jabil (JBL - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Jabil is one of 630 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. JBL is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for JBL's full-year earnings has moved 12.56% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, JBL has moved about 38.58% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 22.57% on average. As we can see, Jabil is performing better than its sector in the calendar year.
To break things down more, JBL belongs to the Electronics - Manufacturing Services industry, a group that includes 5 individual companies and currently sits at #33 in the Zacks Industry Rank. On average, this group has gained an average of 25.39% so far this year, meaning that JBL is performing better in terms of year-to-date returns.
JBL will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
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Is Jabil (JBL) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of Jabil (JBL - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Jabil is one of 630 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. JBL is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for JBL's full-year earnings has moved 12.56% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, JBL has moved about 38.58% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 22.57% on average. As we can see, Jabil is performing better than its sector in the calendar year.
To break things down more, JBL belongs to the Electronics - Manufacturing Services industry, a group that includes 5 individual companies and currently sits at #33 in the Zacks Industry Rank. On average, this group has gained an average of 25.39% so far this year, meaning that JBL is performing better in terms of year-to-date returns.
JBL will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.