The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Fabrinet (FN) been one of those stocks this year? 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.
Fabrinet is one of 646 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. FN is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for FN's full-year earnings has moved 0.24% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, FN has returned 4.54% so far this year. In comparison, Computer and Technology companies have returned an average of 10.98%. This means that Fabrinet is outperforming the sector as a whole this year.
Breaking things down more, FN is a member of the Electronics - Miscellaneous Components industry, which includes 32 individual companies and currently sits at #105 in the Zacks Industry Rank. This group has gained an average of 13.14% so far this year, so FN is slightly underperforming its industry in this area.
Investors with an interest in Computer and Technology stocks should continue to track FN. The stock will be looking to continue its solid performance.
Fabrinet (FN): Free Stock Analysis Report
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Zacks Investment Research