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Is Seagate Technology (STX) Outperforming Other Computer and Technology Stocks This Year?
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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Seagate Technology PLC (STX - Free Report) 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.
Seagate Technology PLC is a member of the Computer and Technology sector. This group includes 635 individual stocks and currently holds a Zacks Sector Rank of #5. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. STX is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for STX's full-year earnings has moved 7.60% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, STX has moved about 30.74% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 1.40%. This means that Seagate Technology PLC is outperforming the sector as a whole this year.
Looking more specifically, STX belongs to the Computer- Storage Devices industry, a group that includes 9 individual stocks and currently sits at #8 in the Zacks Industry Rank. On average, this group has gained an average of 11.43% so far this year, meaning that STX is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track STX. The stock will be looking to continue its solid performance.
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Is Seagate Technology (STX) Outperforming Other Computer and Technology Stocks This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Seagate Technology PLC (STX - Free Report) 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.
Seagate Technology PLC is a member of the Computer and Technology sector. This group includes 635 individual stocks and currently holds a Zacks Sector Rank of #5. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. STX is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for STX's full-year earnings has moved 7.60% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, STX has moved about 30.74% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 1.40%. This means that Seagate Technology PLC is outperforming the sector as a whole this year.
Looking more specifically, STX belongs to the Computer- Storage Devices industry, a group that includes 9 individual stocks and currently sits at #8 in the Zacks Industry Rank. On average, this group has gained an average of 11.43% so far this year, meaning that STX is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track STX. The stock will be looking to continue its solid performance.