Investors concentrated on the Laptop or computer and Technologies area have possible read of Ultra Clean Holdings (UCTT), but is the stock undertaking effectively in comparison to the relaxation of its sector friends? One particular very simple way to answer this question is to acquire a seem at the calendar year-to-date general performance of UCTT and the relaxation of the Personal computer and Technologies group’s shares.
Extremely Cleanse Holdings is a member of our Computer system and Technological innovation group, which contains 615 various organizations and at this time sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 diverse groups, measuring the typical Zacks Rank of the individual stocks inside of the sector to gauge the strength of each and every team.
The Zacks Rank emphasizes earnings estimates and estimate revisions to discover shares with enhancing earnings outlooks. This system has a extended document of accomplishment, and these stocks have a tendency to be on monitor to conquer the market place in excess of the up coming a person to three months. UCTT is presently sporting a Zacks Rank of #1 (Robust Purchase).
Over the previous 3 months, the Zacks Consensus Estimate for UCTT’s entire-yr earnings has moved 13.24% higher. This indicates that analyst sentiment is much better and the stock’s earnings outlook is improving upon.
Dependent on the most current available facts, UCTT has gained about 39.75% so far this calendar year. At the exact time, Laptop and Know-how shares have obtained an average of 39.24%. This shows that Ultra Clean Holdings is outperforming its peers so significantly this 12 months.
Breaking points down more, UCTT is a member of the Electronics – Production Machinery sector, which includes 11 specific firms and at present sits at #41 in the Zacks Industry Rank. This team has received an regular of 58.22% so far this year, so UCTT is somewhat underperforming its field in this region.
UCTT will possible be looking to keep on its reliable performance, so buyers interested in Computer and Technological know-how stocks should really proceed to fork out close consideration to the enterprise.