MeInvestors interested in computer and technology stocks should always be looking for the best performing companies in their group. Is Brother Industries (BRTHY) one of those stocks right now? Let’s take a closer look at the stock’s year-to-date performance.
Brother Industries Ltd. is a member of a computer and technology group that includes 662 different companies and currently sits at number 7 in the Zacks sector ranking. Zacks Sector Rank considers 16 different groups and measures the average Zacks Rank of individual stocks within a sector to measure the strength of each group.
Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions by highlighting a variety of stocks exhibiting the right characteristics to beat the market over the next 1-3 months. Brother Industries Ltd. currently boasts Zack Rank #2 (Buy).
In the past quarter, the Zacks consensus forecast for BRTHY’s annual revenue rose 14.3%. This means that analyst sentiment is stronger and the stock’s earnings outlook is improving.
Based on the latest available data, BRTHY is up about 3.2% so far this year. Meanwhile, Computers and Technology Group’s share price fell about 22.1% on average. As you can see, Brother Industries, Ltd. outperforms its sector in the calendar year.
Another computer and technology stock that has outperformed the sector so far this year is Seragon Networks (CRNT). Shares are up 3.1% year-to-date.
For Ceragon Networks, this year’s consensus EPS estimate increased 33.3% over the last three months. The inventory is currently Zacks Rank 2nd (Buy).
More specifically, Brother Industries, Ltd. belongs to the electronics – other products industry, which includes 28 individual stocks and is currently ranked 194th in the Sachs industry rankings. On average, this group has lost an average of 32.6% so far this year, meaning BRTHY has done better in terms of year-to-date returns.
Ceragon Networks, on the other hand, is in the Wireless Non-US industry. This 14-stock industry is currently ranked 230th. The industry is moving -7.3% year-to-date.
Investors interested in computer and technology stocks should continue to follow Brother Industries and Seragon Networks. We expect these stocks to continue their solid performance.
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The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.
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