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Is Altice USA (ATUS) Outperforming Other Computer and Technology Stocks This Year?
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Investors focused on the Computer and Technology space have likely heard of Altice USA (ATUS - 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.
Altice USA is a member of our Computer and Technology group, which includes 646 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. ATUS is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ATUS's full-year earnings has moved 9.63% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ATUS has moved about 25.30% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 10.98% on a year-to-date basis. As we can see, Altice USA is performing better than its sector in the calendar year.
Looking more specifically, ATUS belongs to the Communication - Components industry, which includes 24 individual stocks and currently sits at #23 in the Zacks Industry Rank. Stocks in this group have gained about 14.50% so far this year, so ATUS is performing better this group in terms of year-to-date returns.
ATUS 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 Altice USA (ATUS) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Altice USA (ATUS - 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.
Altice USA is a member of our Computer and Technology group, which includes 646 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. ATUS is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ATUS's full-year earnings has moved 9.63% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, ATUS has moved about 25.30% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 10.98% on a year-to-date basis. As we can see, Altice USA is performing better than its sector in the calendar year.
Looking more specifically, ATUS belongs to the Communication - Components industry, which includes 24 individual stocks and currently sits at #23 in the Zacks Industry Rank. Stocks in this group have gained about 14.50% so far this year, so ATUS is performing better this group in terms of year-to-date returns.
ATUS 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.