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Is Ericsson (ERIC) 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 Ericsson (ERIC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Ericsson is a member of the Computer and Technology sector. This group includes 658 individual stocks and currently holds a Zacks Sector Rank of #3. 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 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. ERIC is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ERIC's full-year earnings has moved 49.33% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ERIC has returned 32.63% so far this year. At the same time, Computer and Technology stocks have lost an average of 4.52%. This means that Ericsson is performing better than its sector in terms of year-to-date returns.
Breaking things down more, ERIC is a member of the Wireless Equipment industry, which includes 15 individual companies and currently sits at #17 in the Zacks Industry Rank. Stocks in this group have gained about 8.16% so far this year, so ERIC is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track ERIC. The stock will be looking to continue its solid performance.
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Is Ericsson (ERIC) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of Ericsson (ERIC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? 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.
Ericsson is a member of the Computer and Technology sector. This group includes 658 individual stocks and currently holds a Zacks Sector Rank of #3. 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 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. ERIC is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ERIC's full-year earnings has moved 49.33% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ERIC has returned 32.63% so far this year. At the same time, Computer and Technology stocks have lost an average of 4.52%. This means that Ericsson is performing better than its sector in terms of year-to-date returns.
Breaking things down more, ERIC is a member of the Wireless Equipment industry, which includes 15 individual companies and currently sits at #17 in the Zacks Industry Rank. Stocks in this group have gained about 8.16% so far this year, so ERIC is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track ERIC. The stock will be looking to continue its solid performance.